Like casinos, gaming equipment manufacturers riding growth wave

Like casinos, gaming equipment manufacturers riding growth wave

Article brief provided by Las Vegas Review-Journal
  • Richard N. Velotta, Las Vegas Review-Journal
December 5, 2022 6:24 AM
  • Richard N. Velotta, Las Vegas Review-Journal
  • United States

As the casino industry continues to show resilience in its rebound from the pandemic, so too is the gaming equipment manufacturing sector.

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No company may be showing more resiliency than Las Vegas-based Light &Wonder Inc., formerly Scientific Games Corp. In the past 18 months, the company has changed its name, strategic vision, board of directors, chairman and CEO.

“We’ve been on a radical transformation over the last 18 months,” said Light &Wonder Vice President and Chief Financial Officer Connie James in a recent interview. “We set out with a plan to really streamline our organization and fulfill this vision of being the leading cross-platform local games company. Historically, we were a holding organization with five different businesses which didn’t fit together, and now as we sit here today, having divested the sports business on Sept. 30, we have a collection of unique assets.”