Light & Wonder, Inc. (Nasdaq: LNW, ASX: LNW), formerly known as Scientific Games Corporation, is a global leader in regulated casino content, platforms, and systems. Headquartered in Las Vegas and employing over 6,000 people, the company operates in more than 100 jurisdictions. For users searching “Who is Light & Wonder?”—it is the rebranded successor of Scientific Games, a pioneer in lottery systems and casino content.
Light & Wonder began as Autotote Corporation, a manufacturer of racetrack totalizators in the early 20th century. After acquiring Scientific Games Holdings Corp. in 2000—the company that invented the secure instant lottery ticket—the entity adopted the Scientific Games name in 2001, marking a strategic pivot into the casino industry.
Through acquisitions and innovations, Light & Wonder became a global cross-platform gaming provider, offering over 600 games to 170+ operators across land-based, mobile, and online environments. The 2022 divestiture of its lottery and sports betting divisions for $7.2 billion allowed it to rebrand as Light & Wonder. In FY2023, the company reported $2.9 billion in revenue. In 2024, revenue rose another 10%, with operating income up 8% and cash flow increasing 11%. It also extended its revolving credit facility to $1 billion.
Company Evolution – From Scientific Games to Light & Wonder
Light & Wonder’s portfolio expanded through a series of high-impact acquisitions:
- WMS Industries (2013) – $1.5B acquisition for video slot innovation.
- Bally Technologies (2014) – $3.3B + $1.8B in debt to expand slot systems and table game IP.
- DEQ Systems (2016) – Strengthened progressive table game offerings.
- NYX Gaming Group (2017) – $631M acquisition of OpenBet and digital platform technology.
- Authentic Gaming (2021) – Advanced entry into live casino broadcasting.
- Playzido (2022) – Reinforced bespoke content and aggregation capabilities.
By 2020, Light & Wonder carried more than $9.2 billion in debt. Selling its sports betting and lottery divisions brought net debt below $4 billion and leverage from 6.2× to under 3.9×. This reset allowed the company to streamline its focus on immersive casino platforms.
How It Works
OpenGaming™, Light & Wonder’s core aggregation platform, is a RESTful API-driven solution that delivers multi-supplier content through a unified interface. Originally developed with NYX Gaming, the platform integrates hundreds of third-party games using HTML5 technology and modular architecture.
Key capabilities include:
- Scalable APIs that enable fast integration and onboarding.
- Real-time analytics for performance tracking and reporting.
- Dynamic lobby customization for operator branding.
- Regional content segmentation and multilingual deployment.
In 2025, PlayJeux became a platform partner. Additionally, Light & Wonder took a 20% equity stake in Bang Bang Games through the Spark accelerator initiative and extended its long-term partnership with Blueprint Gaming in 2022.
Innovation in Streaming & Mobile Optimization
In 2021, Light & Wonder entered live-dealer streaming via its acquisition of Authentic Gaming. However, it exited the segment in 2025, citing pricing pressure and a reallocation of resources to higher-return verticals like original slot development and platform expansion.
Its mobile-first game design strategy emphasizes:
- HTML5-based adaptive resolution.
- Portrait-mode navigation and swipe UI.
- Localized currency and language options.
- Seamless play across desktop, tablet, and mobile devices.
On the hardware front, Light & Wonder manufactures cabinets including Mural, Kascada, and Cosmic, which are deployed across design centers in Las Vegas, Chicago, Reno, Manchester, Australia, India, and Qingdao.
Licenses and Global Reach
Light & Wonder holds certifications and licenses in more than 100 gaming jurisdictions. These include:
- UK Gambling Commission (UKGC).
- Malta Gaming Authority (MGA).
- New Jersey Division of Gaming Enforcement (NJDGE).
- Alcohol and Gaming Commission of Ontario (AGCO).
- Swedish Gambling Authority (Spelinspektionen).
- Hellenic Gaming Commission (HGC).
- Dirección General de Ordenación del Juego (Spain).
Its internal compliance teams facilitate rapid regulatory approval and localization for new markets.
Types of Games
Light & Wonder offers content across land-based, online, and mobile channels, covering multiple casino categories:
- Slots – Featuring branded IPs, Megaways™, progressive jackpots, and retro themes.
- Blackjack – Including Perfect Pairs, 21+3 side bets, and multi-hand options.
- Roulette – Auto-Roulette, immersive European tables with camera angles.
- Game Shows – Engaging formats such as Monopoly Big Baller™.
- Baccarat and Poker – With fast-deal gameplay and scalable betting.
Game UIs are multilingual and optimized for mobile, offering features like autoplay, instant rebet, and bet recall.
Flagship Titles and Popular Variants
Light & Wonder’s most recognizable titles include:
- 88 Fortunes™ – High-volatility slot with Fu Bat progressive jackpot.
- Spartacus Gladiator of Rome™ – Dual-reel layout with expanding wilds.
- Raging Rhino™ – 4,096 ways-to-win math model.
- MONOPOLY Utility Trails™ – Cascading reels with modifiers and brand appeal.
- Ultimate Fire Link™ – Grid-based progressive jackpots for global markets.
- Super Hot Fruits – A modern take on classic slot themes.
- Bonanza Megaways™, Hypernova Megaways™ – Featuring dynamic volatility and reel mechanics.
- Branded IPs – Friends™, Cluedo™, and Who Wants to Be a Millionaire™.
Each game includes configurable RTP settings and volatility parameters tailored to operator strategies.
Branded Environments & Seamless Integration
Light & Wonder’s OpenGaming™ platform supports fully branded environments and white-label deployment. Operator integrations typically complete in four to six weeks and include:
- Themed lobbies and personalized user interfaces.
- Language localization and regional audio integration.
- Loyalty programs and CRM triggers.
- Third-party API connectivity.
- Full developer toolkits, sandbox access, and 24/7 technical support.
Trust, Certifications, and Fair Play
All Light & Wonder content is independently tested and certified for fairness by:
- eCOGRA.
- GLI (Gaming Laboratories International).
- iTech Labs.
- BMM Testlabs.
Certifications cover RNG compliance (ISO/IEC 17025), RTP verification, and penetration-tested backend environments. Each product includes responsible gaming tools such as session limits, betting caps, self-exclusion features, and third-party support integration with GamCare, BeGambleAware, and the Responsible Gambling Council.
Frequently Asked Questions
Q1: Is Light & Wonder licensed to offer casino games?
Yes. It holds licenses in over 100 jurisdictions, including the UK, Malta, Sweden, New Jersey, and Ontario.
Q2: What types of platforms support Light & Wonder’s games?
All games are HTML5-based and work seamlessly on desktop, tablet, and mobile.
Q3: Can operators customize content and environments?
Yes. OpenGaming supports full UI, UX, audio, and bonus configuration for tailored deployments.
Q4: Are Light & Wonder games tested for fairness?
Yes. Certification is conducted by eCOGRA, GLI, iTech Labs, and BMM.
Q5: What are some of Light & Wonder’s most famous games?
Flagship titles include 88 Fortunes™, Friends™, Cluedo™, Raging Rhino™, Hypernova Megaways™, and Monopoly Utility Trails™.
