Light & Wonder Secures Loan for Grover Gaming Acquisition

Light & Wonder ( (LNW) ) has issued an update.

On May 15, 2025, Light and Wonder International, Inc. entered into a new credit agreement with several financial institutions, securing an $800 million term loan to finance its acquisition of Grover Gaming’s charitable gaming business. The following day, the company completed the acquisition for $850 million, with an additional earn-out of up to $200 million, enhancing its position in the charitable gaming market.

The most recent analyst rating on (LNW) stock is a Buy with a $118.00 price target. To see the full list of analyst forecasts on Light & Wonder stock, see the LNW Stock Forecast page.

Spark’s Take on LNW Stock

According to Spark, TipRanks’ AI Analyst, LNW is a Outperform.

Light & Wonder’s stock is rated at 73, reflecting strong financial performance and strategic growth initiatives. The company’s robust EBITDA growth and reduced leverage are significant strengths. However, technical indicators suggest caution due to bearish trends, and valuation metrics indicate the stock is fairly priced. The positive sentiment from the latest earnings call and strategic acquisitions supports a generally favorable outlook.

To see Spark’s full report on LNW stock, click here.

More about Light & Wonder

Light & Wonder, Inc. is a Nevada-based company operating through its wholly owned subsidiary, Light and Wonder International, Inc. The company is involved in the gaming industry, focusing on providing gaming products and services.

Average Trading Volume: 1,023,242

Technical Sentiment Signal: Sell

Current Market Cap: $7.11B

For detailed information about LNW stock, go to TipRanks’ Stock Analysis page.