M&A Deal Summary

Light & Wonder Acquires Tech Art

On October 3, 2017, Light & Wonder acquired digital media company Tech Art

Acquisition Highlights
  • This is Light & Wonder’s 4th transaction in the Digital Media sector.
  • This is Light & Wonder’s 7th transaction in the United States.
  • This is Light & Wonder’s 3rd transaction in Nevada.

M&A Deal Summary
Date 2017-10-03
Target Tech Art
Sector Digital Media
Buyer(s) Light & Wonder
Deal Type Add-on Acquisition

Target

Tech Art

Las Vegas, Nevada, United States
Tech Art is the preeminent provider of blackjack hole-card readers around the world. The company has a dominate market share in a field that they created with the invention of the MAXTime® device. This device provides ironclad game security when dealing blackjack and is in use on over 11,000 tables worldwide.

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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
Scientific Games facility in Las Vegas, Nevada.
Scientific Games facility in Las Vegas, Nevada.

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 12 of 22
Sector (Digital Media) 4 of 7
Type (Add-on Acquisition) 10 of 19
State (Nevada) 3 of 6
Country (United States) 7 of 10
Year (2017) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-20 NYX Gaming Group

Las Vegas, Nevada, United States

NYX Gaming Group Ltd. is a provider of gaming content including casino, poker, bingo and lottery games that players can enjoy on desktop, web and mobile. NYX Gaming Group Ltd. was founded in 1999 and is headquartered in Las Vegas, Nevada.

Buy CA$775M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-09 Don Best Sports

Las Vegas, Nevada, United States

Don Best Sports Corp. is a provider of real-time betting data and pricing for North American sporting events. Don Best Sports Corp. was founded in 1989 and is based in Las Vegas, Nevada.

Buy -
Mergr

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