Tune in to find out how L&W has branched out into the land-based arcade video slots industry supplying an Asian casino – is Europe next? (Image Courtesy of L&W)
The software provider, rebranded from Scientific Games to Light & Wonder, will provide its cutting-edge system solutions portfolio to Mohegan INSPIRE, taking gaming entertainment to unprecedented heights.
This integration will further elevate Mohegan INSPIRE’s appeal, putting it on the map as a must-visit destination in Asia for casino players that enjoy top online slots such as Disco Saws, Kronos, Volts and Bolts, Perfect Potions Megaways, Monopoly 250k, and the company also had virtual roulette tables.
Branching out Mohegan INSPIRE, slated to open doors in the last quarter of 2023, is much more than just a resort. A total of 1,275 rooms will be spread across three 5-star hotel towers, promising an exquisite experience for its guests.
The resort also features a massive 15,000-seat multi-purpose arena, a foreigner-only casino, and an array of indoor and outdoor attractions. These facilities, combined with Light & Wonder’s gaming systems, will offer an unmatched, immersive experience for visitors.
The deal signifies an exciting phase for Light & Wonder. CEO of Gaming, Siobhan Lane, enthusiastically shared her insights about this partnership. She views this agreement as a golden chance for Light & Wonder to broaden its market reach in Asia.
More companies with land-based & Online slots: Looking for online casino brands that operate both land-based arcade and online slots. Check out Aristocrat, Playtech, Reflex Gaming, IGT, Merkur, Novomatic and more brands via our land-based arcade and online slots guide.
Light & Wonder – A Scientific Gaming Brand
The company’s primary business focus is online video slots. However, its financial performance and the interest from analysts suggest it’s a player to watch in its industry. Light & Wonder, Inc. is a company that has shown resilience in the face of challenges. With a market cap of $5.56 billion, it’s a firm that has managed to stand its ground. Despite some financial metrics that raise questions, the revised Q2 2023 EPS estimates and the impressive quarterly revenue increase indicate that Light & Wonder is a company on the rise.
Is this a story of a potential turnaround that’s still being written? Time will tell if this optimism is well-founded.
Casinos With L&W Slots & Tables
- William Hill Online Casino
- Magic Red Online Casino
- Casino Buck Online Casino
- LeoVegas Online Casino
L&W Financial Highlights
In a recent analysis by B. Riley, Light & Wonder, Inc. (NASDAQ:LNW) saw its Q2 2023 earnings per share (EPS) estimates rise from a previous $0.30 to a more optimistic $0.36. This change signals potential growth and increased profitability for the company. But the analysts are still cautious, maintaining a “Neutral” rating on the stock. The updated target price is now $57.00.
The company’s quarterly revenue witnessed a solid increase of 17.1% compared to last year’s period, reaching $670.00 million and surpassing the consensus estimate of $632.14 million. Light & Wonder reported a whopping net margin of 146.30%, a figure that might raise some eyebrows, given its negative return on equity of 16.69%.
More about L&W Financial: See Light & Wonder updates via our iGaming company share price reports here. It also includes Playtech, Aristocrat, and Inspired Gaming, all of which produce land-based slots to gaming arcade venues. Plus, you’ll find Entain, Evolution, and 888 Holdings share price updates.
Comparative Table of Quarterly Earnings
| Quarter | Earnings per Share | Percentage Increase |
|---|---|---|
| Q2 2022 | $0.30 | – |
| Q2 2023 | $0.36 | 20% |
| Q3 2023 | $0.44 | 22.22% |
| Q4 2023 | $0.52 | 18.18% |
| Q1 2024 | $0.59 | 13.46% |
| Q2 2024 | $0.55 | -6.78% |
| Q3 2024 | $0.65 | 18.18% |
| Q4 2024 | $0.73 | 12.31% |
A Critical Assessment of L&W as Company
The earnings report for Light & Wonder paints a mixed picture. On the positive side, the company met the analysts’ EPS estimates and posted a significant quarterly revenue increase. This shows the firm’s resilience and potential for sustained growth.
However, the negative return on equity indicates that the company isn’t effectively using its investors’ funds. Additionally, the company’s high debt-to-equity ratio of 3.33 suggests a high level of risk associated with its debt management.
Leave A Comment