---
schema_version: "secwatch.filing_event.v1"
accession: "0000950157-24-001277"
form_type: "8-K"
ticker: "LNWO"
cik: "0000750004"
company_name: "Light & Wonder, Inc."
filed_at: "2024-09-24T23:59:59+00:00"
generated_at: "2026-05-31T02:12:39.170332+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Light & Wonder receives preliminary injunction on Dragon Train game; reaffirms 2025 $1.4B AEBITDA

## Summary
- 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.

## SEC filing metadata
- accession: 0000950157-24-001277
- form_type: 8-K
- ticker: LNWO
- cik: 0000750004
- company_name: Light & Wonder, Inc.
- filed_at: 2024-09-24T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/750004/000095015724001277/0000950157-24-001277-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/750004/000095015724001277/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950157-24-001277
- JSON: https://secwatch.observer/filing/0000950157-24-001277.json
- Plain text: https://secwatch.observer/filing/0000950157-24-001277.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.