Light & Wonder Inc - Company Profile
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Business Description
Light & Wonder Inc (Light & Wonder) is a games company that engages in supplying game content and gaming machines, CMSs and table game products and services to licensed gaming entities. It also provides social casino and other mobile games, including casual gaming, to retail customers, and offers a comprehensive suite of digital gaming content, distribution platforms, player account management systems, and various other iGaming content and services.
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R&D Overview
The R&D arm of Light & Wonder focuses on developing great game content and franchises across all three of its segments, along with expanding the use of digital technologies to increase cross-platform play. It has R&D centers in Las Vegas, Nevada; Chicago, Illinois; Austin, Texas; Cedar Falls, Iowa; Bangalore, India; Tel Aviv, Israel; the UK, Greece, India, Sydney, Australia; Bristol, England; Montreal, Canada; Stockholm, Sweden; Reno, Nevada and in various other smaller locations. These units are responsible for the development of the company's product lines and service offerings, including the design and programming of gaming machines and the creation of game content. In FY2023, the company incurred expenses of US$228 million on R&D, which as a percentage of revenue, stood at 7.9%.
Business Segments
Overview
Designs, develops, manufactures, and distributes a diverse array of gaming content, products, and services. Caters to various sectors including commercial casinos, Native American casinos, wide-area gaming operators such as LBOs, arcade and bingo operators in the UK and continental Europe, and government agencies and their affiliated operators. Comprises of four sub-segments: Gaming operations, Gaming machine sales, Gaming systems, and Table products. Under Gaming operations sub-segments, it offers WAP, premium and daily-fee participation gaming machines and other leased gaming machines (including VLTs and ETSs) and licensing arrangements. The Gaming systems sub-segments provides new and used gaming machines, ETSs and VLTs, conversion game kits and spare parts. The Gaming systems sub-segments offers installation and support, hardware and software maintenance, and upgrade services for customer CMSs. Through Table products sub-segments, the company sells table products including shufflers and other table products utilities, subscription arrangements and services.
Performance
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Overview
Develops and publishes digital games on mobile and web platforms. Also includes social gaming and sells virtual coins, chips, and bingo cards to play table games, casino-style slot games, and bingo games. Also provides third party-branded games and original content. Markets under Jackpot Party Casino, Gold Fish Casino, Quick Hit Slots, 88 Fortunes Slots, MONOPOLY, Hot Shot Casino, Bingo Showdown, and Solitaire Pets Adventure brand names. Distributes games through several global social web and mobile platforms such as Apple, Facebook, Amazon, Google, and Microsoft.
Performance
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Overview
Offers digital gaming content, including distribution platforms, digital RMG, player account management systems, content, products, and services. Generates revenue from content aggregation platforms including remote gaming servers, Open Gaming System, and various other platforms.
Performance
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Geographical Segments
Performance
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Performance
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