Light & Wonder to Acquire Grover Gaming Assets

The latest update is out from Light & Wonder ( (LNW) ).

On February 17, 2025, Light & Wonder, Inc. announced a definitive agreement to acquire the charitable gaming assets of Grover Gaming, Inc. and G2 Gaming, Inc. for $850 million, with a potential earn-out of up to $200 million. This acquisition, expected to close in the second quarter of 2025, positions Light & Wonder as a leader in the fast-growing charitable gaming space, enhancing its cross-platform strategy and presenting new revenue opportunities by integrating Grover’s established customer base with its land-based gaming content.

More about Light & Wonder

Light & Wonder, Inc. is a leading cross-platform global games company that creates immersive content for players across various platforms. The company prides itself on delivering unforgettable experiences, leveraging the talents of over 6,000 team members, and maintaining a commitment to integrity and sustainable practices.

YTD Price Performance: 13.66%

Average Trading Volume: 604,129

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $8.57B

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