M&A Deal Summary

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 Highlights
  • 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 11th transaction in the United States.

M&A Deal Summary

Date 2025-02-18
Target Grover Charitable Gaming
Sector Gaming
Buyer(s) Light & Wonder
Sellers(s) Grover Gaming
Deal Type Divestiture
Deal Value 1.1B USD

Target

Grover Charitable Gaming

United States
Grover Charitable Gaming provides gaming content.

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Buyer(S) 1

Buyer

Light & Wonder

Las Vegas, Nevada, United States

Category Company
Founded 1984
Sector Gaming
Employees6,000
Revenue 2.9B USD (2023)
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 STATS #
Overall 23 of 23
Sector (Gaming) 8 of 8
Type (Divestiture) 3 of 3
Country (United States) 11 of 11
Year (2025) 1 of 1
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 -

Seller(S) 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 STATS #
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 -