Light & Wonder Inc - Company Profile
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Business Description
Light & Wonder Inc (Light & Wonder) is a developer of technology-based products, services and content for the gaming industries. The company also provides services to clients in casino, social gaming, and online gaming areas. It offers OpenGaming platform that supports the largest digital-gaming network in the industry.
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R&D Overview
The R&D arm of Light & Wonder focuses on evolving and developing product lines and services by consistently creating unique products, hardware and systems technology, and functionality to enhance customer profitability and player entertainment. It operates game development centers in Las Vegas, the US; Sydney, Australia; Bristol, England; Montreal, Canada; Stockholm, Sweden; and additional R&D staff in Reno, Nevada, the US, and Vienna, Austria. In FY2022, the company incurred expenses of US$218 million on R&D, which as a percentage of revenue, stood at 8.7%.
Business Segments
Overview
Designs, develops, manufactures, and distributes gaming products including gaming machines, video gaming terminals, video lottery terminals, and services. Provides gaming portfolio of products and services to Native American casinos, commercial casinos, and gaming operators such as LBOs, arcade and bingo operators in the UK, continental Europe, and government agencies and their affiliated operators. Operates through four sub-segments include Gaming machine sales, Gaming systems, Gaming operations, and Table products.
Performance
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Overview
Develops and publishes digital games on mobile and web platforms. Also includes social gaming and sells virtual coins, chips, and bingo cards to play table games, play slots, and bingo games. Also provides third party-branded games and original content Markets under Jackpot Party Casino, Gold Fish Casino, Quick Hit Slots, 88 Fortunes Slots, MONOPOLY, Hot Shot Casino, Bingo Showdown, and Solitaire Pets Adventure brand names.
Performance
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Overview
Offers digital gaming content, including distribution platforms, digital RMG, content, products, and services. Generates revenue from content aggregation platforms, including remote gaming servers, Open Gaming System, and various other platforms.
Performance
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Geographical Segments
Performance
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Performance
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