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LNW - Light & Wonder Inc.

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Light & Wonder, Inc. is a leading cross-platform global games company with a focus on content and digital markets. Its portfolio of revenue-generating activities primarily includes supplying game content and gaming machines, casino management systems and table game products and services to licensed gaming entities, providing social casino and other mobile games to retail customers, including casual gaming and providing a comprehensive suite of digital real money gaming, distribution platforms, content, products and services to various gaming entities.

LNW listed on the ASX on 22 May 2023.

 
Listing date22 May 2023 ; 11.00 AM AEST ##
Company contact detailshttps://www.lnw.com/
Ph: +1 702 897 7150
Principal ActivitiesLight & Wonder, Inc. is a leading cross-platform global games company with a focus on content and digital markets.
GICS industry groupTBA
Issue PriceN/A
Issue TypeCHESS Depositary Interests
Security codeLNW
Capital to be RaisedN/A
Expected offer close dateN/A
UnderwriterN/A

 
some fundie likes it :
.

1851 Capital

Our largest position is Light & Wonder. They are one of the top three developers of content and hardware for the gaming industry and are competitive to Aristocrat. Around three years ago, Aristocrat’s ex-CEO and ex-CFO joined the company and brought around 80 of the team with them.

“Market share in Australia has gone from around 8 per cent two years ago to around 30 per cent today. That’s partly been driven by one of these new games, Dragon Train, currently ranked [a top] poker machine game in NSW and Queensland. It’s got the potential to enter the ASX 100, and trades on attractive multiple
s.”
 
i would factor in 'activist risk ' some activists still want to limit gambling ( and gambling addiction )

am not saying avoid , but demand a better margin of return ( in the good times ) compared to the ASX in general
 
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