Leading developer of land-based and digital games, Light & Wonder, Inc. (formerly Scientific Games Corporation) recently announced that in addition to its existing primary listing on the American stock exchange, Nasdaq, is considering a potential secondary listing of its equity on the Australian Securities Exchange (ASX).
Outside of the U.S., Australia is one of the global gaming supplier’s leading markets and listing on the country’s primary securities exchange could enhance Light & Wonder’s (L&W) exposure to long-term institutional investors there and subsequently complement its “strong existing base of shareholders” in both markets. The proliferation of online gaming including live casino in Australia has grown significantly over the past few years and there is nothing to indicate a slowdown anytime soon.
Outside of the U.S., Australia is one of the global gaming supplier’s leading markets and listing on the country’s primary securities exchange could enhance Light & Wonder’s (L&W) exposure to long-term institutional investors there and subsequently complement its “strong existing base of shareholders” in both markets. The proliferation of online gaming including live casino in Australia has grown significantly over the past few years and there is nothing to indicate a slowdown anytime soon.
