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Business
June 14, 2024
Light & Wonder Unveils New $1bn Share Buyback Program
The leading cross-platform global games company, Light & Wonder (L&W), confirmed that its Board of Directors authorized a new share repurchase program. On Thursday, the company revealed that approval was granted for the repurchase of up to $1 billion in outstanding common stock under the terms of a new three-year share repurchase program. The new […]
Legal
June 13, 2024
Evolution Reaches a New Milestone in Case against Light & Wonder
A significant legal development has seen Evolution Gaming successfully secure permission to file a redacted version of its complaint in the ongoing Lightning Roulette infringement case against Light & Wonder (L&W). Nevada magistrate judge Elayna Youchah ruled in favor of Evolution’s request, acknowledging the need for temporary confidentiality until L&W has formally responded to the […]
Legal
June 6, 2024
Legal Battle between Evolution and L&W Reaches New Junction
The ongoing legal battle between gaming giants Evolution and Light & Wonder (L&W) has reached a new phase as the two companies continue their legal maneuvers. Evolution’s motion to seal portions met resistance as the judge asked the company to file a memorandum, demonstrating the need for such a measure. The Companies Argue over Intellectual […]
Legal
June 4, 2024
Evolution Files Lawsuit against Light & Wonder over Alleged Infringement
Intellectual property (IP) infringement lawsuits are not uncommon in the global gambling industry. With fierce competition, some companies engage in unlawful action to gain an advantage, but this often results in prolonged lawsuits. In one recent case, one leading gaming company filed a lawsuit against another giant, claiming IP infringement. The legal case involved Light […]
Industry
May 27, 2024
An AI Revolution May Forever Transform the Gaming Industry
Artificial intelligence (AI) is becoming a transformative force in the gaming industry, with companies like DraftKings, Light & Wonder, and Marriott leveraging the technology to enhance their offerings and operational efficiencies. According to Jefferies Equity Research analyst David Katz, these firms stand at the forefront of AI integration in gaming and hospitality. AI Can Significantly […]
Business
May 9, 2024
Light & Wonder’s Q1 Report Outlines Growth across the Board
Light & Wonder has published its Q1 financials, reporting a strong start to 2024. The supplier was able to deliver a 12th quarter of year-over-year consolidated revenue growth in a row and generated strong cash flow. The company’s revenue increased 13% to $756 million, underpinned by growth across all segments. The company’s gaming revenue increased […]
Legal
April 18, 2024
Aristocrat Faces Tough Road in Copyright Lawsuit against Light & Wonder
Earlier this year, two leading developers of slot games, Aristocrat and Light & Wonder, were tangled in a legal battle over an alleged intellectual property violation. The lawsuit was filed by Aristocrat with the company claiming that its competitor created two products that were similar to its Dragon Link series. Aristocrat claimed that Light & […]
Industry
March 13, 2024
Light & Wonder Releases Highly Anticipated Squid Game Slot
Light & Wonder announced the launch of an immersive Squid Game-themed slot game. Unlike the Squid Game cabinet the company previously showcased, the new game, SQUID GAME: ONE LUCKY DAY, will be a fully digital slot. The game will hit the market today and will, for two weeks, be exclusively available to Bally’s Interactive customers […]
Legal
March 12, 2024
Aristocrat Takes Light & Wonder to Court over Alleged IP Violation
Aristocrat is taking Light & Wonder to court over an alleged intellectual property violation. According to the former slot company, Light & Wonder’s Dragon Train product is eerily similar to Aristocrat’s Dragon Link series. In addition to sporting similar audiovisual elements and matching game mechanics, Light & Wonder’s product has been developed by a team […]
Business
February 28, 2024
Light & Wonder Posts Q4 Financials, Reports Robust Momentum
Light & Wonder has reported its results for the fourth quarter and fiscal year ended December 31, 2023, announcing strong momentum. The company’s metrics continued to grow, underpinned by strong performance across all of its business. Q4 was notably the 11th consecutive quarter of consolidated growth for Light & Wonder and the 6th consecutive quarter […]
