litigation
confidence high
sentiment negative
materiality 0.70
Light & Wonder receives preliminary injunction on Dragon Train game; reaffirms 2025 $1.4B AEBITDA
Light & Wonder, Inc.
- U.S. District Court for Nevada grants Aristocrat preliminary injunction against L&W's Dragon Train game; L&W will appeal.
- Dragon Train estimated at less than 5% of 2025 targeted $1.4B consolidated AEBITDA.
- Company reaffirms 2025 $1.4B AEBITDA target; expects strong growth across all businesses.
- L&W has #1 share and #1 performance for top new sold games in North America (Eilers & Krejcik Aug 2024).
- Capital management unchanged; $1B share repurchase program continues.