Exclusive Q&A: Light & Wonder’s acquisition of SciPlay – what next?

August 11, 2023
By
Leer en Español

'This acquisition will enable us to further streamline the organization, drive collaboration and create a seamless player experience across all channels.'

Gaming America speaks exclusively with Light & Wonder about its 100% acquisition of SciPlay, its omnichannel objectives, the impact the acquisition will have on its shareholders and more.

Was the acquisition made to boost your interactive sector? 

Prior to this acquisition, Light & Wonder owned approximately 83% of the economic interest and 98% of the voting rights for SciPlay, so acquiring the remaining 17% equity interests made sense.

SciPlay has been an important part of the Light & Wonder portfolio through our majority ownership and is directly aligned with our vision to become a leading cross-platform global games company. We are excited to fully unite SciPlay with Light & Wonder, further accelerating our strategy and creating an even stronger and more efficient platform for growth. 

Is omnichannel growth your main objective right now?

Our primary objective is to ensure our strategy and associated investments in the business are yielding results and align with our vision. Our second quarter results, consolidated revenue up 20% year-over-year to $731m, and an amazing ninth consecutive quarter of year-over-year growth with each line of business (Gaming, SciPlay and iGaming) growing double-digits again this quarter, are all examples of the progress we continue to make.

What is the growth trajectory like for SciPlay now that Light & Wonder has acquired it?

We are very confident about SciPlay’s ability to continue to perform in this market, as it continues to invest in its core business, and drives game performance to enhance monetization and revenue growth.

What will happen to your shareholders as a result of this acquisition?

We negotiated a transaction that we believe is in the best interest of our shareholders. With complete ownership, our shareholders will be able to participate fully in the substantial value-creation opportunity that we see at SciPlay. For SciPlay public shareholders, we believe the transaction provides a compelling combination of value, speed and certainty.

How much value will SciPlay add to Light & Wonder?

SciPlay is a high-growth digital games business that plays an important role in our cross-platform strategy, and they bring with them a proven track record of developing engaging content. This acquisition will enable us to further streamline the organization, drive collaboration and create a seamless player experience across all channels.

State-by-State

Product Spotlight

Bragg Gaming Group

Bragg Gaming Group is a global content-driven iGaming technology provider, serving online and land-based gaming operators with its proprietary and exclusive content and cutting-edge technology.
GA HUDDLE #087

John Connelly - Interblock preparing to launch online by the end of year

John Connelly, the Global CEO of Interblock, joins the Huddle to talk about:
- The company's conversion to the online space
- The performance of ETGs
- Interblock's new philanthropic efforts
- The trend of companies going private
- And more!
GA HUDDLE #086

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

As the Tribal gaming sector congregates once more in the Golden State, is it too cliché of me to suggest we are heading for a golden era of Tribal gaming? With the industry set to meet at the Indian Gaming Association t...

10-11-From-the-top
From The Top: Will youth be served by Sports Betting?
Two recent interviews in our Huddle podcast revealed to Las Vegas correspondent Brian Joseph just how young sports betting entrepreneurs are becoming.
12-GA-MAR-10-year-v2
The Global Gaming Awards: Rewarding Excellence
The 10th edition of the Global Gaming Awards took place in Las Vegas last year. Gaming America looks back... and ahead to this year's.
16-18-IGA-Preview
Preview: Indian Gaming Tradeshow & Convention
Gaming America looks ahead to the 2024 Indian Gaming Tradeshow & Convention and what attendees can expect when they arrive at the Anaheim Convention Centre.
20-22-GA-Mar-888-Holding-article
888 and the US Market: A cautionary tale
Gaming America explores the risk of resting on your laurels and the challenge of remaining relevant in a rapidly expanding market.