Light & Wonder to delist from Nasdaq, move to sole ASX listing

LAS VEGAS - Gaming company Light & Wonder, Inc. (NASDAQ and ASX:LNW) announced Thursday it plans to delist its common stock from the Nasdaq Stock Market to transition to a sole primary listing on the Australian Securities Exchange (ASX).

The company intends to file a Form 25 with the Securities and Exchange Commission on November 3, 2025. Trading of Light & Wonder’s common stock on Nasdaq is expected to be suspended after market close on November 12, with the delisting becoming effective on November 13, 2025.

Light & Wonder described the move as consistent with its previously announced timeline and strategic focus on aligning its capital markets presence with long-term growth plans and shareholder base. The company stated it aims to consolidate trading liquidity onto the ASX, which it characterized as "a deep and liquid market that has a robust understanding of the gaming sector."

The transition follows the company’s earlier announcements regarding its intention to move to a sole ASX listing. Light & Wonder, which describes itself as "the leading cross-platform global games company," operates through three business segments and employs approximately 6,500 people.

The delisting decision comes with potential risks, as noted in the company’s forward-looking statements section of its press release. These include possible negative effects on liquidity and trading prices of the common stock, impacts on capital market access, and exposure to different regulatory requirements. InvestingPro analysis suggests the stock is currently trading below its Fair Value, with 13 additional exclusive insights available to subscribers, including detailed valuation metrics and growth projections.

Light & Wonder’s announcement was made via a press release statement issued from its Las Vegas headquarters.

In other recent news, Light & Wonder, Inc. has announced several significant developments. The company completed a private offering of $1 billion in senior unsecured notes with a 6.250% interest rate, due in 2033. This offering, priced at 100.000%, is aimed at repaying outstanding borrowings and redeeming $700 million of its 7.000% senior notes due in 2028, with any remaining funds potentially used for general corporate purposes. Additionally, Light & Wonder plans to delist from the Nasdaq Stock Market by November 13, 2025, transitioning to a sole primary listing on the Australian Securities Exchange (ASX). The company has already submitted a Statement of CHESS Depositary Interests to the ASX, as disclosed in a Form 8-K filing with the U.S. Securities and Exchange Commission. These moves mark a strategic shift for Light & Wonder as it consolidates its market presence on the ASX.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.