Light & Wonder amended its 2022 credit agreement on 22 January to create a new tranche of term loans worth more than US$2.13bn, replacing existing term loans, the company said. The amendment lowers the margin to 2.00% per year, or 1.0% under an alternate base rate, and sets maturity for 29 April 2029.
The refinancing changes Light & Wonder’s borrowing margin and extends the stated loan maturity to 2029.
Quarter ended 30 September 2026
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Light & Wonder reported revenue of $824m for Q3 2026, down 2% year on year, while adjusted EBITDA rose 2% to $383m. The company said iGaming revenue increased 13% to $97m, but SciPlay revenue declined 24% to $173m amid continued weakness in the social casino free-to-play market. Light & Wonder also named Matthieu Labbat chief executive of SciPlay, replacing Josh Wilson, who stepped down on 30 October.
Light & Wonder reported a 2% fall in revenue for Q3 2026. Revenue was $824m, against $841m in Q3 last year. Consolidated adjusted EBITDA rose 2% to $383m. Profitability was also higher than a year earlier.
Light & Wonder reported third-quarter net income of US$133 million, up 16.7% year on year, on revenue of US$824 million, down 2.0%. The company also appointed Matthieu Labbat chief executive of SciPlay, effective immediately; Labbat previously led Product Madness at Aristocrat Leisure.
Play’n GO is reportedly preparing for a possible sale to a major regulated gaming business, with sources describing a potential deal in the hundreds of millions of euros. Chief executive Johan Törnqvist declined to comment; Aristocrat, Genting and Light & Wonder were mentioned as possible buyers, not confirmed bidders.
Play’n GO is reportedly exploring a sale to a major regulated gaming business. Sources reportedly said a deal could be worth hundreds of millions of euros. When contacted, co-founder and chief executive Johan Törnqvist replied: "No comment."
Light & Wonder reported adjusted net profit after tax of US$163 million for the three months to 30 September 2026, up 7% year on year. Revenue fell 2% to US$824 million, while iGaming revenue rose 13% to US$97 million and consolidated Adjusted EBITDA edged up to US$383 million. The company said it reduced debt by US$153 million during the quarter, leaving around US$5 billion outstanding.
Light & Wonder announced the first installation of its RAPIDPLAY cashless system at Crystal Bay Casino in Nevada. The company said the system lets players move funds to slot machines or mobile devices using a QR code, and reported that RAPIDPLAY had been approved for launch in Nevada.