Industry
May 18, 2022
Light & Wonder Seeks Growth, Envisions $1.4B EBITDA
Scientific Games, now rebranded as Light & Wonder, has ambitious plans to expand its business. The company seeks to benefit from the growing gambling market and targets a consolidated adjusted EBITDA of $1.4 billion by 2025. The Company Will Optimize Its Business Light & Wonder revealed its plans on Tuesday when it explained its growth […]
Business
April 29, 2022
Scientific Games Finalized Its Rebranding to Light and Wonder
Scientific Games, a US-based provider of gambling products and services, has completed its rebranding to Light and Wonder. As of now, the company and its NASDAQ stock will go under the new name. Light and Wonder to Focus on the Digital Vertical Light and Wonder has also gotten a new logo and will trade on […]
Industry
April 13, 2022
Fitch Moderately Optimistic about Scientific Games Lottery Business
Scientific Games received a “B” default mark from Fitch Ratings on Tuesday with the credit rating company assessing the value of Light & Wonder’s lottery business. Scientific Games demerged from the rebranded Light & Wonder to pursue lottery operations on its own and is now run by Brookfield Business Partners in what was a $6-billion […]
Business
April 5, 2022
Brookfield Acquires Scientific Games’ Global Lottery Services
The world leader in entertainment, offering games, services and solutions for the casino, lottery and gaming industry, Scientific Games (SG), announced that it completed the sale of its global lottery services to Brookfield Business Partners L.P. SG Sells Its Lottery Services to Brookfield in a Multi-Billion-Dollar Deal SG said Monday that thanks to the completion […]
Casino
March 2, 2022
Scientific Games Rebrands to Light & Wonder amid Q42021 Results
Scientific Games has become the latest company to undergo a name change in a bid to better reflect on the expanding horizons of the gaming and entertainment industries. Moving forward, Scientific Games will be known as Light & Wonder and it will come with the company’s broader reorientation towards the digital segment. Strong Quarterly Results […]
Business
February 10, 2022
Scientific Games Uses RushBet.co to Launch Live Casino Content in Colombia
NASDAQ-traded Las Vegas-based corporation offering iGaming products Scientific Games Corporation has signed a deal with Rush Street Interactive (RSI), an American developer of market-proven land, online, and social gaming products for regulated markets in North and South America. The partnership will take Scientific Games’ content live with the help of a top-tier operator brand in […]
Business
February 9, 2022
Scientific Games Goes Live with Azerbaijan National Lottery
Scientific Games continues to expand its international clout with the latest developments coming out of Azerbaijan, where the company has launched its large-scale retail and digital sports betting services along with its lottery platform. Initially, the Azerbaijan National Lottery, Azerlotereya, launched operations in mid-January, including sports betting, and the deal between SG and the lottery […]
Industry
January 19, 2022
SG Leads in Responsible Gaming with WLA Certification
Scientific Games (SG), the leading gaming technology and services provider, solidified its leadership position as a responsible gaming company by achieving the World Lottery Association’s (WLA) Responsible Gaming Framework Certificate of Alignment for its operations on five continents. SG Achieves WLA’s Responsible Gaming Framework Certificate of Alignment To achieve the certification, Scientific Games had to […]
Casino
January 13, 2022
Wazdan to Provide Scientific Games With an Array of iGaming Titles
The American gambling products and services provider Scientific Games has penned an exclusive content deal with the iGaming software provider Wazdan. Through the deal, the former of the two companies will diversify its offerings and will increase its presence in the United States. Wazdan and Scientific Games Ink a Deal As per the deal, Wazdan […]
Business
December 23, 2021
Scientific Games Withdrew Offer for SciPlay Remaining Equity
Gaming technology and services provider Scientific Games (SG) announced this week that it would no longer pursue to acquire the remaining equity interest in SciPlay. SciPlay Offer Rescinded SG decided to reverse its previous decision to acquire the remaining 19% equity interest in SciPlay. According to the bid tabled in July, SG offered each shareholder […]