Delisting from NASDAQ & Move to ASX

Confirmed: Light & Wonder will delist from NASDAQ by the end of November.

New Listing: The company will move to the Australian Stock Exchange (ASX).

Reason:

A strategic long-term decision.

Result of an extended consultation process, not due to poor performance.

Seeks to leverage liquidity and stability in the Australian market.

Operational Performance & Outlook

Earnings: Overall earnings have grown, despite some pressure on sales.

Cause of slowdown: North American land-based performance affected by:

Reduced tourism

Lower travel volume

CEO Matt Wilson is confident this is temporary and expects a rebound.

Regional Expansion & Game Highlights

Strong growth in:

Canada

Mexico

Notable performer: Huff ‘n More Puff – generated a significant portion of North American online gaming revenue.

Caution: Game is showing signs of a natural decline after initial buzz.

Global Strategy & Diversification

Light & Wonder is emphasizing:

A diversified presence beyond North America.

Expansion into Asia, especially the Philippines, though regulation there remains uncertain.

Industry trend: Other companies, like PointsBet, are also shifting away from the US to focus on home markets (Australia) and Canada.

Bottom Line

The NASDAQ delisting is not a retreat, but a strategic re-alignment.

Light & Wonder is:

Confident in its global growth potential.

Staying resilient and adaptive amid short-term market challenges.