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Light & Wonder Announces Acquisition of Grover Gaming’s Charitable Gaming Assets

Feb 18, 2025•over 1 year ago

Contract Type

agreement

GamingVideo Gamesgambling & casinos

Description

Light & Wonder, Inc. has entered into a definitive agreement to acquire the charitable gaming assets of Grover Gaming, Inc. and G2 Gaming, Inc. for a total consideration of $850 million in cash, with a potential earn-out of up to $200 million over four years based on revenue

Company Information

Company

Light & Wonder

Location

6601 Bermuda Rd

About

Light & Wonder, Inc. is a global gaming technology company based in Las Vegas, Nevada, with a history that dates back to 1973. Originally founded as Scientific Games Corporation, the company operates across both land-based and digital gaming markets. Light & Wonder is organized into three main divisions. The Gaming Division offers a wide range of casino products, including slot machines and table games, serving various gaming operators. The iGaming Division provides digital gaming content and platforms for online gambling, featuring the OpenGaming platform that connects players and operators. The SciPlay Division focuses on social and mobile gaming, developing free-to-play casino games that generate revenue through in-game purchases. With around 6,800 employees, Light & Wonder supports a diverse customer base, including commercial casinos, tribal operators, and online gaming platforms. The company is recognized for its innovation in gaming technology and has received accolades for its growth in the industry.

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