{"id":9128,"date":"2025-05-19T23:44:19","date_gmt":"2025-05-19T23:44:19","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/05\/19\/light-wonder-completes-grover-gaming-deal\/"},"modified":"2025-05-19T23:44:19","modified_gmt":"2025-05-19T23:44:19","slug":"light-wonder-completes-grover-gaming-deal","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/05\/19\/light-wonder-completes-grover-gaming-deal\/","title":{"rendered":"<div>Light &amp; Wonder Completes Grover Gaming Deal<\/div>"},"content":{"rendered":"<div>\n<p>Light &#038; Wonder has completed the purchase of charitable gaming assets from Grover Gaming, locking in an $850 million cash deal and opening the door to a new category in the gaming industry. The <strong><a href=\"https:\/\/igaming.org\/casino-news\/light-wonder-acquires-grover-gamings-charitable-gaming-assets-for-850-million\/\">acquisition<\/a><\/strong> also includes a potential performance-based earn-out of up to $200 million over four years.<\/p>\n<hr>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>The deal involves an $850 million upfront payment, with another $200 million possible through a revenue-based earn-out.<\/strong><\/em><\/li>\n<li><em><strong>Grover Gaming\u2019s operations will now function as a division under Light &#038; Wonder.<\/strong><\/em><\/li>\n<li><em><strong>The acquisition lets Light &#038; Wonder expand into the regulated charitable gaming market.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<p>With the deal now closed, Light &#038; Wonder adds a new layer to its strategy by entering charitable gaming. The move brings in Grover Gaming\u2019s technology, player base, and operational expertise, adding to Light &#038; Wonder\u2019s existing footprint across regulated gaming markets.<\/p>\n<p>The company aims to build on Grover Gaming\u2019s momentum by blending it with Light &#038; Wonder\u2019s reach and existing cross-platform content.<\/p>\n<h2>Leadership confident about future growth<\/h2>\n<p>Matt Wilson, President and CEO of Light &#038; Wonder, highlighted the strategic fit of the acquisition. <em>\u201cGrover Gaming has established itself as a leader in the fast-growing charitable gaming space. Bringing their assets and expertise into our ecosystem aligns perfectly with our strategy to expand into complementary regulated markets. This addition enhances our position as the leading global cross-platform games company and opens new opportunities to deliver our world-class content to even more players. We\u2019re excited to welcome the Grover team to Light &#038; Wonder.\u201d<\/em><\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Now operating as a division within Light &#038; Wonder, Grover Gaming will continue under the leadership of its CEO Brian Brown, who also commented on the transition.<\/p>\n<h2>Earlier discussions led to current direction<\/h2>\n<p>Back in February, both companies outlined the deal\u2019s key terms and expressed mutual interest in building a long-term collaboration. At the time, Light &#038; Wonder made clear its goal to support Grover Gaming\u2019s expansion efforts while broadening its own market presence. The acquisition now formalizes that strategy, giving Light &#038; Wonder access to a gaming category that focuses on regulated charitable operations.<\/p>\n<p>Earlier in May, Light &#038; Wonder <strong><a href=\"https:\/\/igaming.org\/casino-news\/light-and-wonder-q1-2025-revenue\/\">reported<\/a> <\/strong>its 16th consecutive quarter of year-over-year revenue growth, processed $25.2 billion in iGaming wagers in Q1, and repurchased 1.9 million shares for $166 million.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/light-wonder-completes-grover-gaming-deal\/\">Light &#038; Wonder Completes Grover Gaming Deal<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Light &#038; Wonder has completed the purchase of charitable gaming assets from Grover Gaming, locking in an $850 million cash deal and opening the door to a new category in the gaming industry. The acquisition also includes a potential performance-based earn-out of up to $200 million over four years. Good to know The deal involves [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-9128","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=9128"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9128\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}