Chanticleer
$10b Vegas pokies giant is here, but you wouldn’t know it
Australian fund managers are screaming out for more gaming stocks. Las Vegas-based Light & Wonder put its hand up, but investors can’t get their hands on stock. Something has got to give.
Light & Wonder, the $10 billion poker machine company backed by Caledonia, has come to surf Australia’s love of the brickie’s laptop. But it has a lot more work to do if it is genuinely to compete with Aristocrat Leisure for the hearts and dollars of local fund managers.
The Las Vegas-based Light & Wonder, the world’s second largest “casino gaming content” company, started trading on the ASX with little fanfare in May, adding a secondary listing to sit alongside its Nasdaq-listed shares.
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