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Added to YB: 2025-11-13

Pitch date: 2025-11-10

LNW [bullish]

Light & Wonder, Inc.

+7.63%

current return

Author Info

Clark Street Value is a special sits/event-driven investor. Sign up for the newsletter.

Company Info

Light & Wonder, Inc. operates as a cross-platform games company in the United States and internationally.

Market Cap

$7.0B

Pitch Price

$89.01

Price Target

N/A

Dividend

N/A

EV/EBITDA

10.09

P/E

18.77

EV/Sales

3.66

Sector

Hotels, Restaurants and Leisure

Category

special_situation

Show full summary:
Light & Wonder: Moving Primary Listing to ASX

LNW: Gaming co moving primary listing from NASDAQ to ASX Wed 11/12, seeking higher AU gaming multiples (Aristocrat at 14x vs LNW 8x EBITDA). Accelerating $735M buyback before 2025 end. Potential volatility from forced selling/buying as indices adjust. Tracker position taken.

Read full article (2 min)