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Light & Wonder Completes Acquisition of Grover Gaming's Charitable Gaming Assets

1. LNW completes $850 million acquisition of Grover Gaming's assets. 2. Deal includes a potential $200 million earn-out based on revenue.

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Why Bullish?

This acquisition expands LNW's market presence and revenue potential, similar to past successful acquisitions that drove stock prices up. Historical examples include acquisitions in 2020 that significantly increased revenue and market cap.

How important is it?

Acquisitions can be pivotal for LNW's growth strategy, potentially influencing future financial performance and investor sentiment. The scale of this deal suggests significant intent from management to expand LNW's capabilities in the gaming sector.

Why Long Term?

The effects of acquisitions generally manifest over several quarters, as integrations and revenue growth from new assets become clear. Similar past acquisitions have shown long-term revenue growth after initial integration.

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GROVLNW
LAS VEGAS--(BUSINESS WIRE)--Light & Wonder, Inc. (NASDAQ and ASX: LNW) (together with its subsidiaries “Light & Wonder,” “L&W” or the “Company”) today announced it has completed its previously disclosed acquisition of Grover Gaming's charitable gaming assets for total consideration of $850 million cash, subject to customary purchase price adjustments, and a four-year revenue-based earn-out of up to $200 million cash. “Grover Gaming has established itself as a leader in the fast-grow.

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