Light & Wonder to Premiere 1X2 Network Content in U.S. Through Exclusive Aggregation Deal
Range of games from UK supplier to be available in U.S. via Light & Wonder
LAS VEGAS – February 2, 2024 – Light & Wonder, Inc. (NASDAQ and ASX: LNW) (together with its subsidiaries, “Light & Wonder,” “L&W” or the “Company”) today announced an exclusive aggregation arrangement to debut 1X2 Network's innovative content in the U.S., starting in Michigan. This agreement marks a significant entry for 1X2 into the vibrant U.S. market, leveraging Light & Wonder’s market leading aggregation platform.
The latest in a string of studio deals for Light & Wonder provides further evidence of the power of its market-leading platform and distribution network in the U.S., where it delivers dynamic and immersive content to the industry’s biggest brands.
1X2 Network, renowned for its diverse range of content including slots, virtual sports, crash games and instant win titles, from its 4 internal studios, 1X2gaming, Iron Dog Studio, Prospect Gaming and Ad Lunam, is set to launch on the U.S. gaming scene soon. This move builds on a successful European alliance, showcasing the strength and potential of this collaboration.
Kevin Reid, CEO at 1X2 Network, expresses enthusiasm about this expansion, "As we launch our games in the U.S., we're excited to have Light & Wonder as our exclusive aggregation partner, extending our fruitful relationship and leveraging their powerful platform for widespread distribution. We are starting in Michigan, but work is already well underway in other states."
Steve Mayes, Digital Partnerships Director at Light & Wonder, shares the sentiment, "1X2 Network has a history spanning 20 years of producing slick, innovative content that is very popular with players. It’s great to now be in a position to start putting its games in front of players in the U.S., who I am sure will be every bit as receptive as players have been in the European markets."
1X2 Network is an award-winning provider of innovative iGaming content and software solutions to operators worldwide. With offices in the UK and Malta, the company delivers a wide range of popular games, including slots, table games, arcade, crash games, virtual sports and more.
Known for its branded and custom games, the company has 4 in-house studios, Iron Dog Studio, Ad Lunam, Prospect Gaming and 1X2gaming. This allows the company to offer a diverse and engaging portfolio of games, catering to a broad range of player preferences.
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.