Light & Wonder submits CHESS depositary interests statement to ASX
Investing.com
Published Jul 10, 2025 05:32PM ET
Light & Wonder, Inc. (NASDAQ:LNW) reported Monday that it provided the Australian Securities Exchange (ASX) with a Statement of CHESS Depositary Interests on Issue, known as Appendix 4A. The disclosure was made in a press release statement and included as Exhibit 99.1 in the company's recent Form 8-K filing with the Securities and Exchange Commission.
According to the filing, the information provided to the ASX details the current status of CHESS Depositary Interests issued by Light & Wonder. No additional financial statements or material changes were disclosed in the report.
The company’s common stock is listed on the Nasdaq Stock Market under the ticker LNW. The filing was signed by James Sottile, Executive Vice President, Chief Legal Officer and Corporate Secretary.
This article is based on information disclosed in a press release statement and the company's Form 8-K filing with the SEC.
In other recent news, Light & Wonder has secured an $800 million credit facility to support its acquisition of Grover Gaming's charitable gaming business, valued at $850 million. The facility, established with JPMorgan Chase (NYSE:JPM) Bank, will mature in 2028 and is backed by the company's assets. Light & Wonder aims to leverage this acquisition to enhance its gaming segment, which is crucial for its projected growth. The company has set a target of achieving $2 billion in Adjusted EBITDA by 2028, indicating a compound annual growth rate of around 12%. This ambitious goal has been supported by various analysts, with Truist Securities maintaining a Buy rating and a $110 price target, citing the company's strategic vision and financial trajectory.
Jefferies also maintains a Buy rating but adjusted its price target to $116, noting the potential benefits of the Grover acquisition and digital sector expansion. Meanwhile, Stifel has reiterated a Hold rating, expressing caution due to macroeconomic uncertainties and potential risks in the slot replacement cycle. Benchmark remains optimistic with a Buy rating and a $100 target, highlighting Light & Wonder's successful transition to a high-margin business and its significant reduction in net debt leverage. These developments underscore Light & Wonder's strategic initiatives and financial goals, which continue to attract attention from investors and analysts alike.
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