Light & Wonder finalizes purchase of Grover Gaming’s charitable gaming division

The transaction began in early 2025 and was completed for $850m.

Light & Wonder has finalized its previously announced acquisition of the charitable gaming assets of Grover Gaming.

The transaction was finalized for $850m in cash, subject to standard purchase price adjustments, along with a potential four-year, revenue-based earn-out of up to $200m in additional cash.

Matt Wilson, President and CEO of Light & Wonder, said: “Grover Gaming has established itself as a leader in the fast-growing charitable gaming space.

“Bringing their assets and expertise into our ecosystem aligns perfectly with our strategy to expand into complementary regulated markets. This addition enhances our position as the leading global cross-platform games company and opens new opportunities to deliver our world-class content to even more players. We’re excited to welcome the Grover team to Light & Wonder.”

Brian Brown, CEO, Grover Gaming, Light & Wonder’s new division, said: “Joining Light & Wonder marks an exciting new chapter for the charitable gaming business.

“We’re proud of what we’ve built in the charitable gaming space, and we see tremendous opportunity to grow even further as part of Light & Wonder. Our teams share a passion for innovation and a commitment to serving customers and communities, and we’re excited to take that to the next level together.”

In February, discussions took place to outline the terms of the transaction, during which Light & Wonder expressed its intention to support Grover Gaming’s ongoing expansion. The deal also presented an opportunity for Light & Wonder to broaden its presence by entering a new segment of the gaming industry.

Carlos Mendez

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