Divestiture • Gaming

Light & Wonder Acquires Grover Charitable Gaming

On February 18, 2025, Light & Wonder acquired gaming company Grover Charitable Gaming from Grover Gaming for 1.1B USD

Acquisition Context
  • This is Light & Wonder’s 8th transaction in the Gaming sector.
  • This is Light & Wonder’s 3rd largest (disclosed) transaction.
  • This is Light & Wonder’s 12th transaction in the United States.

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M&A Deal Summary

Date February 18, 2025
Target Grover Charitable Gaming
Sector Gaming
Buyer(s) Light & Wonder
Sellers(s) Grover Gaming
Deal Type Divestiture
Deal Value 1.1B USD

Target Company

Grover Charitable Gaming

United States
Grover Charitable Gaming provides gaming content.
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Buyer Overview 1

Buyer

Light & Wonder

Las Vegas, Nevada, United States

Category Company
Founded 1984
Sector Gaming
Employees6,800
Revenue 3.2B USD (2024)
DESCRIPTION

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.


Deal Context for Buyer #
Overall 24 of 25
Sector: Gaming 8 of 8
Type: Divestiture 3 of 3
Country: United States 12 of 12
Year: 2025 1 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-07 Flows

London, United Kingdom

Flows is an no-code automation platform that allows businesses to seamlessly automate digital tasks, design groundbreaking digital features, and launch applications effortlessly. Through Flows, organisations can integrate with any app or data source quickly, coordinate multiple systems, and automate workflows in real-time. Flows is based in London.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-17 Bang Bang Games

London, United Kingdom

Bang Bang Games is a slots studio with a growing portfolio of games worldwide. Bang Bang Games is based in London.

Buy -

Seller Profile 1

SELLER

Grover Gaming

Greenville, North Carolina, United States

Category Company
Founded 2003
Sector Digital Media
Employees300
DESCRIPTION

Grover Gaming is a provider of premium casino and slot game content to land-based, online and mobile gaming markets. The Company develops software, game content, and gaming systems for lotteries and charitable gaming jurisdictions. Grover Gaming was founded in 2003 and is based in Greenville, North Carolina.


Deal Context for Seller #
Overall 1 of 1
Sector: Gaming 1 of 1
Type: Divestiture 1 of 1
Country: United States 1 of 1
Year: 2025 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-23 NexLevel Gaming

Lancaster, Ohio, United States

NexLevel Gaming is a distributor of Electronic Instant Bingo that provides state-of-the-art machines and software. NexLevel Gaming is based in Lancaster, Ohio.

Buy -

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