Light & Wonder Mergers and Acquisitions Summary

GamingCompany

Light & Wonder has acquired 20 companies, including 13 in the last 5 years. It has also divested 1 asset.

Light & Wonder’s largest acquisition to date was in 2014, when it acquired Bally Technologies for $5.1B. It’s largest disclosed sale occurred in 2021, when it sold Scientific Games - Lottery Business to Brookfield Business Partners for $5.8B. Light & Wonder has acquired in 5 different US states, and 8 countries. The Company’s most targeted sectors include digital media (35%) and gaming (35%).

Join Mergr and gain access to Light & Wonder’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the gaming sector.

M&A Summary

  • M&A Total Activity21
    • M&A Buy Activity20
    • M&A Sell Activity1
  • Total Sectors Invested 7
  • Total Countries Invested 8
  • M&A Buy/Sell Connections 4
  • M&A Advisors 8

Light & Wonder

Light & Wonder, Inc.

6601 Bermuda Road,
Las Vegas, Nevada 89119
United States,
(702) 897-7150
www.lnw.com

Light & Wonder is a developer of technology-based products and services and associated content for worldwide gaming and lottery markets. The Company's portfolio includes instant and draw-based lottery games; electronic gaming machines and game content; server-based lottery and gaming systems; sports betting technology; loyalty and rewards programs; and social, mobile and interactive content and services. Light & Wonder was established in 1984 and is based in Las Vegas, Nevada.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (1.6/yr) # 12 1 - - 6 1 20
vol $7.3B $7.3B
Sell (0.2/yr) # - - - - 1 - 1
vol $5.8B $5.8B
  21

Most Recent M&A

Company Date Value Type
Playzido Ltd. 2022-05-10 - Add-on Acquisition
London, United Kingdom · www.playzido.com
ELK Studios AB 2021-12-01 - Add-on Acquisition
Stockholm, Sweden · www.elk-studios.com
Authentic Gaming Ltd. 2021-11-03 - Add-on Acquisition
Sliema, Malta · www.authenticgaming.com
Scientific Games - Lottery Business 2021-10-27 5.8B USD Divestiture
Las Vegas, Nevada
ACS PlayOn 2021-10-05 - Add-on Acquisition
Reno, Nevada · www.acsplayon.com
Sideplay Entertainment 2021-08-23 - Add-on Acquisition
Jersey, Channel Islands · www.sideplay.com
Lightning Box Games 2021-08-04 - Add-on Acquisition
Sydney, Australia · www.lightningboxgames.com
SportCast 2021-05-26 - Add-on Acquisition
London, United Kingdom · www.sportcast.com.au
Don Best Sports Corp. 2018-10-09 - Add-on Acquisition
Las Vegas, Nevada · www.donbest.com
Tech Art 2017-10-03 - Add-on Acquisition
Las Vegas, Nevada · www.techartinc.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
NYX Gaming Group Ltd. 2017-09-20 OpenBet Technologies Ltd. 2021-09-27 1
Las Vegas, Nevada · www.nyxgaminggroup.com London, United Kingdom · www.openbet.com
The Global Draw Ltd. 2006-04-20 Fixed Odds Betting Terminal 2010-04-19 1
Feltham, United Kingdom · www.sg-gaming.com , United Kingdom

M&A by Sector

Sector Buy # Value Sell # Value
Gaming 7 (35%) 6.6B (90%) 1 (100%) 5.8B (100%)
Digital Media 7 (35%) 589M (8%) - -
Software 2 (10%) - - -
Electronics 1 (5%) - - -
Internet Software and Services 1 (5%) - - -
Leisure 1 (5%) 54M (1%) - -
Machinery 1 (5%) 54M (1%) - -
Total 20 $7.3B 1 $5.8B

By Geo

State/Country Buy Value Sell Value
United States 9 7.2B 1 5.8B
  Nevada 5 5.7B 1 5.8B
  Illinois 1 1.5B - -
  Tennessee 1 - - -
  New Jersey 1 - - -
  Massachusetts 1 - - -
United Kingdom 4 - - -
Sweden 2 54M - -
1 54M - -
Australia 1 - - -
Canada 1 - - -
  Quebec 1 - - -
Channel Islands 1 - - -
Malta 1 - - -
Domestic 9 (45%) 7.2B (99%) 1 (100%) 5.8B (100%)
Cross-border 11 (55%) 108M (1%) - -
Total 20 $7.3B 1 $5.8B

Top M&A Advisors

Financial Deals
Bank of America Merrill Lynch (BofA Securities)
2
Deutsche Bank Corporate & Investment Banking
2
Credit Suisse Investment Banking
1
Legal Deals
Cravath, Swaine & Moore LLP
2
McMillan LLP
2
Appleby Global
1

Deal Values

buy # Total
> $1B 2 $6.6B
$100M to $1B 1 $589M
< $100M 2 $108M
TOTAL $7.3B
Largest Bally Technologies, Inc.
$5.1B (2014-08-01)
sell # Total
> $1B 1 $5.8B
TOTAL $5.8B
Largest Scientific Games - Lottery Business
$5.8B (2021-10-27)

M&A Connections

Deals
Acquired from
Strategic(s)
10%
2 (10%)
Divested to
Strategic(s)
100%
1 (100%)

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