Light & Wonder has finalized a purchase agreement with the Oregon Lottery, which will result in the placement of more than 1,000 Kascada Dual Screen Multi-Game VLTs in the Beaver State.
The agreement comes off the back of the extensive, yet successful, trial phase the Oregon Lottery undertook with Light & Wonder’s Kascada VLTs. Now, there will be 1,175 of the Light & Wonder VLTs throughout the state.
Jason Ashmann, Northwest Sales Director at Light & Wonder, commented, “Light & Wonder is proud to expand our long-standing relationship with the Oregon Lottery with the placement of these top-performing VLTs.
“The success of this trial run demonstrates L&W’s prowess in delivering cutting-edge technology and captivating content that resonates with diverse player profiles and markets.”
Oregon Lottery Manager of Gaming Products Lyndsey Peterson said, “The Oregon Lottery is thrilled to continue our relationship with Light & Wonder through the purchase of these VLTs to bring the latest technology, player mechanics and legacy titles to our customers.
“The placement of these games will continue to support our mission and fund Oregon programs.”
Back in May, the Oregon Lottery received top bond ratings from Moody’s, S&P Global and Kroll. Meanwhile, in August Light & Wonder revealed that it will fully acquire SciPlay by Q4 2023, purchasing the remaining 17% it doesn’t currently own.
Once the transaction is complete, SciPlay will become a wholly owned subsidiary of Light & Wonder.
Light & Wonder's Q2 results saw a 21% increase in global gaming as well as a growth in consolidated revenue and AEBITDA year-on-year.
