Light & Wonder Signs Expanded Deal Allowing Everi Digital to Further Global Reach
Agreement will bring content from leading game developer to operators in UK, Europe, and South America
LAS VEGAS – February 6, 2024 – Light & Wonder, Inc. (NASDAQ and ASX: LNW) (together with its subsidiaries, “Light & Wonder,” “L&W” or the “Company”) has signed an expanded long-term deal with Everi Digital, the online gaming business of Everi Holdings Inc. (NYSE: EVRI) (“Everi”), empowering the developer to expand into new markets in the UK, Europe, and South America.
The agreement will initially serve Light & Wonder’s customers in the UK with a range of games from the 70-strong catalogue of Everi Digital, delivered to the network through Light & Wonder’s online ecosystem.
Customers in Italy will also be the first in the country to gain access to Everi Digital’s distinct titles in the summer of this year through the new agreement, with additional new European markets to follow by the end of 2024 on an exclusive basis. The roll-out in South America is scheduled to take place in Q1 2024.
Everi Digital’s parent company Everi Holdings Inc. is a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions, and bingo. Everi has continually updated its server-based gaming solution to support its award-winning online stepper content, video instant-win style games, and new-to-be-launched perceived skill games that fit the industry trend of experiential themes.
Everi’s games catalogue has already proven popular with players in North America through an existing distribution deal with Light & Wonder, a relationship that has gone from strength to strength over the past four years.
The expanded deal represents the latest phase of Light & Wonder’s iGaming strategy - to forge major agreements with game developers to accelerate its leading position as a premium global content provider.
Jordan Brent, Vice President, Digital Commercialization at Everi Holdings Inc., said: “This exciting collaboration with Light & Wonder allows Everi Digital to deliver our award-winning engaging gaming entertainment experiences to new players and markets. We are looking forward to providing our innovative content to a new segment of online players, driving the continued growth trajectory of our collective iGaming business.”
Steve Mayes, Senior Director Digital Partnerships at Light & Wonder, said: “Everi Digital’s content has proven hugely popular with players in North America, and we look forward to sharing its games across more of our global network. We are always looking to expand the scope of our online content, and stepper and skill games on Everi’s product roadmap will help achieve that goal.”
Light & Wonder’s online ecosystem delivers more than 3,500 games from a global network of in-house and third-party game studios with unrivalled ease of integration that is robust and secure. All content is supported with a comprehensive range of responsible gambling tools, helping to deliver a safe and enjoyable gaming experience for players.
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.
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.