Light & Wonder Selected by Penn Entertainment, Inc. to Bring Pennsylvania's First Networked, Wide Area Progressive, Table Games Solution to Casino Statewide

Light & Wonder continues to provide innovative gaming experiences for customers, installing 79 connected tables at four properties across the state

LAS VEGAS – December 22, 2022 – Light & Wonder, Inc. (NASDAQ: LNW) (“Light & Wonder,” “L&W”) today announced it has become the first-ever provider of Operator Wide Area Progressive (OWAP) table games in the Commonwealth of Pennsylvania. L&W has installed 79 connected tables at PENN Entertainment’s four Hollywood Casino properties in Pennsylvania – The Meadows, Penn National Race Course, Morgantown and York – all of which are currently ready to play, pending customary regulatory approvals.

OWAP technology enables casino operators to link gaming titles across multiple properties using a centralized network, which keeps them under the same corporate umbrella. This innovation bolsters Light & Wonder’s approach of connecting great games across platforms, including online as well as land-based casinos. The solution is designed to bring more excitement to gaming tables and increase participation in progressive jackpots.

“We are excited to provide Pennsylvania and the PENN Entertainment organization with their first OWAP table games network in Pennsylvania,” said Siobhan Lane, CEO of Gaming, Light & Wonder. “This is great news for the gaming industry in Pennsylvania, as it opens the door for other operators to drive player excitement across their casino networks.”

Among its many benefits, OWAP technology allows casinos to capture greater progressive volume across titles, yielding larger and more frequent jackpots for casino players. Current
Light & Wonder titles installed via OWAP include BLAZING 777 BLACKJACK™ and Multi-Game Link Poker.

“We’re delighted that Light & Wonder has brought their dynamic OWAP technology to PENN Entertainment’s Hollywood Casinos in Pennsylvania, and appreciate the cooperation from the Pennsylvania Gaming Control Board in helping us offer these new products to our customers,” said Tony Frabbiele, Vice President and General Manager at Hollywood Casino at Penn National Race Course. “We anticipate that players at our Pennsylvania properties will enjoy the added perks of Light & Wonder’s trusted networked solution and hope to expand the OWAP offering into other regions in the future.''

For more information about Light & Wonder, visit lnw.com.

About Light & Wonder, Inc.
Light & Wonder, Inc. is the leading cross-platform global games company. Through our three unique, yet highly complementary businesses, we deliver unforgettable experiences by combining the exceptional talents of our 6,000+ member team, with a deep understanding of our customers and players. We create immersive content that forges lasting connections with players, wherever they choose to engage. At Light & Wonder, it’s all about the games. The Company is committed to the highest standards of integrity, from promoting player responsibility to implementing sustainable practices. To learn more, visit lnw.com.

Media Inquiries: media@lnw.com

Forward-Looking Statements
In this press release, Light & Wonder makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "will," "may," and "should." These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results, or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors, including those factors described in Light & Wonder’s filings with the Securities and Exchange Commission (the “SEC”), including its current reports on Form 8-K, quarterly reports on Form 10-Q and its annual report on Form 10-K that was filed with the SEC on February 27, 2024 (including under the headings "Forward-Looking Statements" and "Risk Factors"). Forward-looking statements speak only as of the date they are made and, except for Light & Wonder’s ongoing obligations under the U.S. federal securities laws, Light & Wonder undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

Date: 12/22/2022

Category: Gaming

Type: Release