Gaming Corps Content Partnership Could Be a Game Changer for Light & Wonder (LNW)

• Earlier this month, Gaming Corps AB announced a global distribution agreement with Light & Wonder, enabling Gaming Corps’ complete suite of casino, crash, mine, table, Plinko, and Smash4Cash games to be offered through Light & Wonder's extensive iGaming marketplace across over 38 regulated jurisdictions.
• This partnership provides Gaming Corps with access to a network of online casinos representing over 6,700 titles and five billion monthly game rounds, underlining Light & Wonder’s reach and influence in the regulated online gaming sector.
• We’ll now explore how Light & Wonder’s expanded content offerings from this agreement could affect its long-term growth outlook.

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Light & Wonder Investment Narrative Recap

To back Light & Wonder as a shareholder, you need to believe that expanding its digital gaming platform and global content reach will offset rising competition and regulatory risks. The recent Gaming Corps partnership bolsters Light & Wonder's already extensive iGaming marketplace, but its critical near-term catalyst remains U.S. regulatory progress and digital adoption. The deal has limited immediate impact on the biggest risk: the ongoing threat from unregulated sweepstakes gaming, which continues to pressure margins and social casino revenues.

Among recent updates, the announced $500 million expansion of Light & Wonder's share buyback program in July 2025 is especially relevant. It spotlights management’s ongoing commitment to capital allocation and capturing value for shareholders, even as new content partnerships aim to enhance recurring revenues. This financial discipline is important as the company adapts to competitive threats and pushes for further digital growth.

By contrast, investors should be aware that persistent top-line pressure from unregulated sweepstakes offerings could still...

Read the full narrative on Light & Wonder (it's free!)

Light & Wonder's narrative projects $4.0 billion revenue and $698.8 million earnings by 2028. This requires 7.8% annual revenue growth and a $349.8 million increase in earnings from $349.0 million today.

Uncover how Light & Wonder's forecasts yield a $108.36 fair value, a 22% upside to its current price.

Exploring Other Perspectives

Community members on Simply Wall St put Light & Wonder’s fair value between US$108.36 and US$158.71, with two distinct estimates. While broader digital transformation supports higher expectations, opinions differ widely, see how other investors challenge your view.

Explore 2 other fair value estimates on Light & Wonder - why the stock might be worth just $108.36!

Build Your Own Light & Wonder Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Light & Wonder research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Light & Wonder research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Light & Wonder's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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