Light & Wonder, Inc. has announced that it has completed its previously scheduled acquisition of the remaining 17 percent equity interest in SciPlay Corporation for $22.95 per share in cash.

Deutsche Bank analysts have trimmed their estimates for 1Q22 revenue and EBITDA at Scientific Games due to lower SciPlay margins and an adjustment in the timing of product sales, which now look more weighted to the second half. 

Scientific Games on Wednesday announced it has withdrawn its all-stock offer to acquire the remaining 19 percent equity interest in SciPlay that it doesn’t own. 

Scientific Games says its buying out the 19 percent of digital games unit SciPlay that it doesn't already own in an all-stock transaction to create a combined company with a market value of $7 billion.

Scientific Games said Q1 revenue rose 1 percent and its loss narrowed significantly thanks to gains in its lottery, Sciplay and digital businesses.

Deutsche Bank notes that achieving Light & Wonder's 2025 $1.4 billion adjusted EBITDA target will be a challenging task, as their forecast indicates the figure is 'well below' the goals articulated by management.

Light & Wonder has delivered yet another strong quarter, marking its 12th consecutive period of yearly revenue growth, as gaming revenue topped $476 million – a 14 percent yearly increase.

Gaming giant Light & Wonder has announced that the group saw a 220 percent increase in profits during the fourth quarter of 2023, topping $67 million, as revenue rose by 13 percent to $770 million.

Gaming equipment and services group Light & Wonder has announced the appointment of Michael Marchetti to the Board of Directors.

Light & Wonder, Inc. gaming revenue increased 11 percent in the third quarter of this year compared to the prior year period to $465 million, primarily due to continued momentum in gaming machine sales, the group revealed.