By james art 
The manufacturer of Las Vegas-based play manufacturer Light & Wonder has acquired a North Carolina-based slot machine content company in a $ 850 million cash transaction, companies said.
Analysts praise the acquisition of Light & Wonder at Grover Charity Games, Private GreenView, North Carolina, a company offering ground, online and mobile games for games in five states in the United States.
In addition to the $ 850 million purchase price, Light & Wonder will pay a four -year earnings of up to $ 200 million in cash.
The transaction depends on the regulatory approvals and is expected to be completed in the second quarter.
“Grover Gaming is a leading player in charity games, a category that has been experiencing significant growth in recent years,” said Light & Wonder CEO Matt Wilson in a message.
“This transaction adds to our position as a leading global cross -form company, adding another fascinating adjustable neighbor to our profile,” he said.
Light & Wonder specializes in the development of content in ground and igaming platforms.
“The important thing is that there are exciting opportunities for gradual revenue that must be realized by using the proven Light & Wonder Content of the Ground Game content of a new and loyal customer base,” Wilson said. “We look forward to continuing to partner with Grover Gaming customers, upgrading his strong dedication to customer service.”
Analysts consider the acquisition as a victory for Light & Wonder.
“We believe that the acquisition increases the prospects for growth of LNWS, as the company seems to further penetrate neighboring markets, using its existing research and analysis without making significant gradual costs,” writes in an investor report of Barry Jonas of the Barry Jonas Analyzer Truist Securities.
“Light & Wonder continues to fulfill its path to $ 1.4 billion (corrected cash flow) in 2025, but wants to penetrate neighboring games as future growth roads. The acquisition of Grover Gaming’s assets enables LNW to use its content as new customers in a charity space for gaming, which has high sign -in barriers. “
Chad Beynon, an analyst for the Macquerie gaming industry, has raised the target price of Light & Wonder Stocks to $ 122 from $ 117 per share.
“The acquisition of LNW of Grover Gaming’s charity games adds a long -term growth engine by expanding to a new neighborhood,” Bainon says in an investor note.
Under the terms of the agreement, Grover Gareth Blackbelder’s founder will cooperate with Light & Wonder to help achieve the constant business success over the next three years.
Contact Richard N. Velota at rvelotta@reviewjournal.com or 702-477-3893. Follow @rickvelotta at X.