{"id":1810988,"date":"2023-03-19T13:00:00","date_gmt":"2023-03-19T17:00:00","guid":{"rendered":"https:\/\/platogaming.com\/plato-data\/light-wonder-considering-an-australian-securities-exchange-listing\/"},"modified":"2023-03-19T13:00:00","modified_gmt":"2023-03-19T17:00:00","slug":"light-wonder-considering-an-australian-securities-exchange-listing","status":"publish","type":"station","link":"https:\/\/platogaming.com\/plato-data\/light-wonder-considering-an-australian-securities-exchange-listing\/","title":{"rendered":"Light & Wonder Considering an Australian Securities Exchange Listing"},"content":{"rendered":"
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Light & Wonder (L&W) has revealed that it is considering a secondary listing of its shares on the Australian Securities Exchange (ASX). The gambling product provider, formerly Scientific Games, currently has a primary listing on the Nasdaq. L&W will discuss the ASX possibility with its shareholders.<\/p>\n

The company\u2019s board of directors has been looking at various ways to improve its position as a worldwide leader in cross-platform entertainment, as well as increase value to shareholders.<\/p>\n

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allow L&W to gain access to new institutional investors<\/p>\n<\/blockquote>\n

Some of the potential benefits of an ASX listing<\/a> would include enhancing its profile in Australia, which is one of the leading markets for the L&W gaming business. The listing would also allow L&W to gain access to new institutional investors that could boost its current shareholding.<\/p>\n

Speaking about the potential move, L&W board of directors executive chair Jamie Odell said that the ASX \u201cis a premium market with a long track record as a platform for global gaming companies and a deep and liquid pool of sophisticated investors.\u201d<\/p>\n