Light & Wonder, Inc. (NASDAQ:LNW), a company specializing in computer-integrated systems design, has furnished a Statement of CHESS Depositary Interests on Issue, known as "Appendix 4A," to the Australian Securities Exchange (ASX) on Monday.
This disclosure, part of a Current Report on Form 8-K, was not filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor will it be incorporated by reference into any of the company's filings under the Securities Act of 1933 or the Exchange Act.
The Nevada-based corporation, formerly known as Scientific Games (NASDAQ:LNW) Corp, with previous name changes from Autotote Corp and United Tote Inc, announced that the information provided is solely to comply with the ASX listing requirements.
The Appendix 4A document, dated December 6, 2024, is an official record detailing the number of depositary interests issued and does not reflect any new financial data or strategic company developments.
Light & Wonder's principal executive offices are located at 6601 Bermuda Road, Las Vegas, NV, and the company is incorporated in the state of Nevada. The business phone number is listed as 702-897-7150.
The company's common stock, with a par value of $0.001, is traded on the Nasdaq Stock Market under the ticker symbol LNW at $93.14 per share, delivering a year-to-date return of approximately 13%.
According to InvestingPro analysis, the stock appears slightly undervalued based on its Fair Value calculations, with strong financial health indicators including a healthy current ratio of 1.88.
The furnishing of the Appendix 4A to the ASX is a routine regulatory requirement and does not represent any significant change in the company's financial position or operations.
Investors and stakeholders can access the full text of the Appendix 4A as part of the company's 8-K filing. However, the document is not deemed to be filed for regulatory purposes and is provided to the ASX to maintain compliance with its rules.
This news is based on a press release statement and aims to deliver the key facts regarding Light & Wonder's recent regulatory disclosure to the Australian Securities Exchange.
In other recent news, Light & Wonder, Inc. disclosed an update to its Australian Securities Exchange (ASX) filing, a routine measure ensuring compliance with international securities regulations. The filing does not alter the company's financial position or reflect any significant changes to its operations. In financial highlights, Light & Wonder reported a 12% year-over-year increase in its Q3 2024 revenue, reaching $817 million, marking the company's 14th consecutive quarter of growth.
The gaming segment showed a significant 15% revenue boost, primarily driven by a 38% rise in global gaming machine sales. The company also reported a consolidated AEBITDA of $319 million and an Adjusted NPATA increase of 23% to $122 million. Light & Wonder's management is planning to leverage its strong balance sheet to support growth initiatives and shareholder value through buybacks and reinvestment.
Recent developments indicate that the company anticipates low single-digit AEBITDA growth for Q4 2024 but expects to return to normalized growth in 2025. Analysts have highlighted the company's diversified portfolio, maintaining the number one ship share in the Australian market, and a leading market share in Asia. These are the latest developments in the ongoing journey of Light & Wonder.
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