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Light & Wonder, Inc.: Business Overview, Financials & Competitive Analysis

Light & Wonder is principally an electronic gaming machine manufacturer selling machines to pubs, clubs, and casinos, and is one of the three largest players in the space along with International Game Technology and A...

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Light & Wonder, Inc. OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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6/ 10Solid

Cyborg Score thesis

Diversified gaming platform with strong market position and emerging digital growth drivers, but facing valuation headwinds in...

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Industry Gambling & Gaming Equipment Manufacturing
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: June 15, 2026
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Light & Wonder, Inc. Overview

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Light & Wonder is principally an electronic gaming machine manufacturer selling machines to pubs, clubs, and casinos, and is one of the three largest players in the space along with International Game Technology and Aristocrat Leisure. The company operates through three segments: Gaming, SciPlay, and iGaming.

Strategic Profile

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SciPlay, about one fourth of revenue, develops and distributes casual mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.

Competitive Landscape

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Light & Wonder is one of the three largest players in the gaming machine space along with International Game Technology and Aristocrat Leisure. PlayAGS, Inspired Entertainment, Intralot, Everi Holdings, and Konami are among other competitors.

Industry Context

Light & Wonder, Inc. operates in Gambling & Gaming Equipment Manufacturing.

Key facts

Founded: 1984 · Headquarters: Las Vegas, US · Employees: 6,800 · Revenue: $3.22B · Market cap: $6.1B

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Recent developments

Material events tracked by the AskCyborg corpus.

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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

Gaming Machines & EquipmentGaming machine manufacturer and competitor→Gaming Machines & EquipmentGaming machine manufacturer and competitor→Gaming Machines & EquipmentGaming technology and content provider→

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Industry context

Light & Wonder, Inc. operates in Gambling & Gaming Equipment Manufacturing. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Light & Wonder, Inc. do?+
Light & Wonder is principally an electronic gaming machine manufacturer selling machines to pubs, clubs, and casinos, and is one of the three largest players in the space along with International Game Technology and A...
What is Light & Wonder, Inc.'s Cyborg Score?+
Light & Wonder, Inc. has a Cyborg Score of 6/10 (Solid). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Light & Wonder, Inc.'s main competitors?+
Named competitors include Gaming Machines & Equipment, Gaming Machines & Equipment, Gaming Machines & Equipment. The full competitive landscape is in the AskCyborg report.
How can I get the full Light & Wonder, Inc. research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Light & Wonder, Inc. research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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