Light & Wonder submits CHESS depositary interests statement to ASX

Light & Wonder, Inc. (NASDAQ:LNW) reported Monday that it provided the Australian Securities Exchange (ASX) with a Statement of CHESS Depositary Interests on Issue, also known as Appendix 4A. The company disclosed this information in a press release statement included in a Form 8-K filing with the U.S. Securities and Exchange Commission.

The filing states that a copy of the Appendix 4A was furnished as an exhibit to the report. No further financial details or operational updates were included in the filing. The company noted that the information is not considered “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and is not incorporated by reference into other filings.

Light & Wonder is a Nevada-based company listed on the Nasdaq Stock Market under the ticker LNW. The company’s principal executive office is located in Las Vegas.

This article is based on information provided in a press release statement attached to the SEC filing.

In other recent news, Light & Wonder reported second-quarter 2025 revenue of $809 million, which did not meet the consensus estimate of $851.1 million. However, the company’s AEBITDA of $352 million slightly surpassed analyst expectations of $351.7 million. Light & Wonder also completed a private offering of $1 billion in senior unsecured notes, carrying a 6.250% interest rate due in 2033. These notes were issued at a price of 100.000% and are guaranteed on a senior basis by the company and certain subsidiaries.

Benchmark adjusted its price target for Light & Wonder to $90.00 from $100.00, maintaining a Buy rating despite the revenue miss. On the other hand, JPMorgan downgraded the company’s stock from Overweight to Neutral, citing concerns about achieving EBITDA targets through organic growth. The revised FY25 EBITDA guidance now accounts for contributions from the Grover acquisition. Light & Wonder plans to use proceeds from the notes offering to repay outstanding borrowings and redeem existing notes, with any remaining funds directed toward corporate purposes.

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