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

1. Light & Wonder acquires Grover Gaming for $850 million plus potential $200 million earn-out.

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$84.5305/19 08:51 AM EDTEvent Start
$82.1905/20 03:32 PM EDTLatest Updated
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FAQ

Why Bullish?

The strategic acquisition enhances LNW's market position in charitable gaming, potentially increasing revenue. Similar acquisitions in the gaming sector have historically led to positive share price movements.

How important is it?

The acquisition represents a significant investment aimed at future growth, indicating strong confidence in LNW's strategic direction. The financial and operational impacts of this acquisition will likely affect LNW's stock performance directly.

Why Long Term?

The earnings from the acquisition rely on long-term performance metrics, which take time to materialize. Past acquisitions in the gaming industry have shown benefits over multi-year horizons.

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MGAMSGMSBYD
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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