Light & Wonder receive conditional approval for secondary listing on ASX

Light & Wonder have announced that the company has received conditional approval for a secondary listing on the Australian Securities Exchange (ASX).

In a Wednesday release, the group noted that it ‘anticipated that Light & Wonder will be admitted to the official list of the ASX, as an ASX Foreign Exempt Listing, on Thursday, May 18'.
However, the group notes that it is still subject to final approval by the ASX.
The group had confirmed in its first quarter results announcement that it was seeking the listing, to provide ‘substantial potential benefits […] including enhancing the Company’s profile in Australia, one of the leading markets for the Company’s Gaming business, and providing the Company access to new long-term Australian institutional investors’.
The group registered a return to profit in 1Q23, at $27 million, on the back of a 17 percent yearly growth in revenue, to $670 million, with AEBITDA totaling $249 million.

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