Company Light & Wonder, previously known as Scientific Games, plans to trade its shares exclusively on the Australian Securities Exchange, no longer listing on the Nasdaq stock exchange.
Light & Wonder Shifts Focus After Nasdaq Delisting
Light & Wonder, a leading global provider of digital entertainment solutions, has announced its growth plans following its decision to delist from the Nasdaq exchange and trade solely on the ASX (Australian Securities Exchange).
The company's focus will be on consolidating its presence in the Australian market while maintaining strong financial targets and operational resilience. Here's a breakdown of their plans:
- Delisting from Nasdaq: Light & Wonder aims to complete its delisting by November 2025, signaling a strategic focus on the Australian market. After delisting, the company's shares will be traded solely on the ASX.
- Capital Return to Shareholders: The company has already repurchased $266 million in shares during the first half of 2025, indicating confidence in their growth trajectory and capital allocation strategy.
- Financial Targets: Despite litigation setbacks, Light & Wonder aims to uphold its 2025 financial targets. The company is targeting $1.4 billion in consolidated Adjusted EBITDA and Adjusted NPATA between $565-635 million, showing commitment to revenue growth and profitability.
- Legal Challenges: Light & Wonder plans to address and resolve intellectual property disputes, including stopping the commercial use of contested titles and offering replacements. This move allows them to focus on other growth areas without material revenue impact.
The company's growth approach emphasizes refocusing on their Australian exchange presence, optimizing shareholder returns, navigating legal challenges proactively, and maintaining robust financial goals to support ongoing business expansion. No explicit new product or geographic expansion plans have been detailed alongside the market change.
In other news, Light & Wonder continues to expand production in Mexico, mainly to service the Mexican and Canadian markets. The CEO also mentioned that things are largely turning positive following a tariff-related panic in the spring. The company is also planning to focus more on proprietary igaming content going forward.
Sales were down due to the launch of a new cabinet in Australia and operator caution in North America. The Dragon Train and Jewel of the Dragon games, which are the main focus of Aristocrat Leisure's case against Light & Wonder, have been withdrawn from the market.
One of Light & Wonder's recent successes includes the Huff 'n More Puff game, which has contributed to a 25% boost in North American revenue. The company is also pleased with the progress of integrating Grover Gaming and expects it to contribute $65 million to cash flow in its first full year.
Light & Wonder is also investing in new game-design hires with a focus on the future. The CEO teased "exciting growth plans" but did not elaborate. The company is also pleased with SciPlay's performance, which is trending above the industry average, holding a 12% market share.
The company is also planning a robust, regionalized road map for the rest of the year, including expansion into the Philippines. The cost of getting Grover into Indiana is expected to deliver fantastic results in the coming years. The tax savings from the federal budget and tax revisions for Light & Wonder are expected to be between $40 million and $50 million annually.
In conclusion, Light & Wonder is refocusing its efforts on the Australian market while maintaining its commitment to financial targets and operational resilience. The company's growth plans are geared towards capital return, legal resolution, and maintaining robust financial goals.
- Light & Wonder, having delisted from the Nasdaq, is exploring opportunities in technology and investing in new game-design hires, aiming to diversify its digital entertainment solutions portfolio.
- As part of their growth strategy, Light & Wonder is planning to expand into new markets, such as the Philippines, while maintaining a strong focus on their Australian business and existing product lines like smartphones and gadgets.
- With the tax savings from the federal budget and tax revisions for Light & Wonder, the company plans to invest in areas like business growth, innovation, and potential acquisitions in the realm of finance and investing.
