Light & Wonder agrees $1bn acquisition of Grover Gaming assets
Light & Wonder announced an agreement to acquire Grover Gaming’s and G2 Gaming’s charitable-gambling assets, with Grover announcing the deal on 18 February. The price includes $850m in cash due at closing and a possible additional payment of up to $200m tied to financial milestones. The companies expect the deal to close in spring 2025.
The deal expands Light & Wonder’s charitable-gambling assets, with part of the price contingent on financial milestones.