Fitch Ratings assigned a BB rating and RR4 Recovery Rating to Light & Wonder International’s proposed eight-year senior unsecured notes in a 10 September note. The company said proceeds would refinance existing 7% notes due in 2028, repay its secured revolver and support general corporate purposes.
Investors can assess the proposed refinancing and ratings when considering Light & Wonder’s debt profile.
Quarter ended 30 September 2026
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Fitch Ratings revised Light & Wonder’s outlook to positive, citing an expected improvement in its leverage profile. The rating agency said leverage could decline to approximately 2.9 times by the end of 2027, driven by voluntary debt repayment and EBITDA growth.
RGB International has opened a showroom in Manila to support land-based and online gaming operators in the Philippines. The facility displays equipment from international suppliers and will serve as a local repair and spare-parts centre, the company said. RGB executive director Chuah Hui Jing said the company had secured accreditation as a B2B online gaming solutions provider in the country.
A new showroom in Manila is part of RGB International Bhd's push to expand its presence in the Philippine gaming market and services for land-based and online operators. The facility also houses local repair and spare-parts services intended to reduce downtime and improve technical support for casinos, according to the group.
Wynn Resorts could lower its lease-adjusted leverage to 5x after its Wynn Al Marjan Island resort in the UAE opens, CBRE Credit Research analysts said. They said the project could support a credit-rating upgrade, while noting that Wynn holds a 40% equity stake; the resort is due to open in September 2027.
Wynn’s upcoming UAE casino hotel could help bring its lease-adjusted leverage down to 5x, according to CBRE Credit Research analysts Colin Mansfield and Connor Parks.
Jefferies analyst Kai Erman said SciPlay’s performance is an investor concern for Light & Wonder, while expecting the unit to be no greater an impediment in 2027 than in 2026. Erman considered 6% revenue growth for SciPlay optimistic against Light & Wonder’s expectation that it would grow more slowly than the wider market, and said a turnaround could take up to a year.
The pace of gambling revenue growth and the drag from Light & Wonder's SciPlay social-casino unit were investor concerns, according to Jefferies Equity Research analyst Kai Erman. He acknowledged uncertainty around SciPlay but thought it unlikely to pose more of an impediment in 2027 than in 2026.
Stakelogic added a selection of its slots to CasinoBarcelona.es, the online platform of Casino Barcelona, through Light & Wonder’s aggregation platform, the companies said. The platform belongs to Casinos Grup Peralada; the source also reports that Stakelogic games reached Gran Madrid Casino Online and Luckia during 2026 through the same aggregator.