On February 18, Light & Wonder revealed its agreement to acquire Grover Gaming’s charitable gaming assets for $1.05 billion.
The acquisition, structured as an all-cash transaction, marks the entry of the US-based land-based and iGaming leader into the charitable gaming sector, aligning with its broader cross-platform strategy.
This move represents the company’s first significant M&A activity since securing the remaining 17% stake in social gaming firm SciPlay in August 2023
Matt Wilson, the CEO of Light & Wonder, mentioned:
Grover Gaming is a leading player in charitable gaming, a category that has experienced significant growth in recent years. This transaction complements our position as the leading cross-platform global games company by adding another compelling regulated adjacency to our profile.
Importantly, there are exciting incremental revenue opportunities to be realised by leveraging Light & Wonder’s proven land-based gaming content to a new and loyal customer base. We look forward to continuing to partner with Grover Gaming’s customers, building on its strong dedication to customer service.
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