LAS VEGAS--(BUSINESS WIRE)--Light & Wonder, Inc. (NASDAQ: LNW) (�Light & Wonder,� �L&W� or the �Company�), today announced that it is evaluating a potential secondary listing of its shares on the Australian Securities Exchange (�ASX�), in addition to the Company�s existing primary Nasdaq listing. L&W will be consulting its shareholders as part of this evaluation.

The L&W Board of Directors has considered a range of options to accelerate the Company�s strategic journey as a global leader in cross-platform games and entertainment and enhance overall shareholder value. The Board sees substantial potential benefits for the Company and its shareholders in pursuing a secondary listing on the ASX, including:

• Enhancing the Company�s profile in Australia, one of the leading markets for the Company�s Gaming business; and
• Giving the Company access to new long-term Australian institutional investors that would complement its strong existing base of shareholders in the US and Australia.

�The ASX is a premium market with a long track record as a platform for global gaming companies and a deep and liquid pool of sophisticated investors and market participants who have a strong understanding of the gaming business. We believe they will appreciate the value and long-term potential of L&W�s broad international business and strategy. We look forward to engaging with the market and our current shareholders on a potential secondary listing,� said Jamie Odell, Executive Chair of the Light & Wonder Board of Directors.

Light & Wonder intends to update the market only once its evaluation is complete and it has made a decision whether to proceed with an ASX secondary listing. There is no assurance that the Company will decide to pursue such a secondary listing.

� 2023 Light & Wonder Inc. All rights reserved.

About Light & Wonder, Inc.

Light & Wonder, Inc. (formerly known as Scientific Games Corporation), is a global leader in cross-platform games and entertainment. Light & Wonder brings together approximately 6,000 employees from six continents to connect content between land-based and digital channels with unmatched technology and distribution. Guided by a culture that values daring teamwork and creativity, the Company builds new worlds of play, developing game experiences loved by players around the globe. Its OpenGaming� platform powers the largest digital-gaming network in the industry. The Company is committed to the highest standards of integrity, from promoting player responsibility to implementing sustainable practices. To learn more, visit lnw.com.

Advisors

Light & Wonder has retained Goldman Sachs Australia Pty Ltd and Jarden Australia Pty Limited to assist with its evaluation of a potential secondary listing on the ASX.

Forward-Looking Statements

In this press release, the Company makes �forward-looking statements� within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results or strategies and can often be identified by the use of terminology such as �may,� �will,� �estimate,� �intend,� �plan,� �continue,� �believe,� �expect,� �anticipate,� �target,� �should,� �could,� �potential,� �opportunity,� �goal� or similar terminology. These statements are based upon management�s current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks and uncertainties and other factors, including those factors described in the Company�s filings with the Securities and Exchange Commission (the �SEC�), including the Company�s current reports on Form 8-K, quarterly reports on Form 10-Q and its annual report on Form 10-K that was filed with the SEC on March 1, 2023 (including under the headings �Forward-Looking Statements� and �Risk Factors�). Forward-looking statements speak only as of the date they are made and, except for the Company�s ongoing obligations under the U.S. federal securities laws, the Company undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

Contacts

Investor Inquiries:
Steve Wan, Director, Investor Relations, [email protected]

Media Inquiries:
[email protected]