L&W to acquire Grover Gaming’s charitable gaming assets


Ani Ghahramanyan
  • 1 min read
L&W to acquire Grover Gaming’s charitable gaming assets

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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Ani Ghahramanyan Content Writer

Ani has recently stepped into the world of iGaming and is on a mission to turn the freshest insights into compelling content. With being excited by the journey she started, she is ready to share the most vibrant and innovative possibilities within the iGaming sphere with you.