Light & Wonder closes its live casino business

Light & Wonder announced on 25 February 2025, alongside its fourth-quarter 2024 results, that it was discontinuing and divesting its live casino business.

The business began when Light & Wonder, then called Scientific Games, bought Malta-based live roulette studio Authentic Gaming in November 2021. Its live dealer product launched in October 2023 with five games from a studio in Michigan.

Why it is leaving

Matt Wilson said a strategic review found changes to operator and supply dynamics in live casino that had led to some degradation in pricing. The company said other parts of its business offer "better visibility to superior returns" and that it will focus on first-person content, aggregation and monetisation tools.

A hard category to enter

Wilson also said live casino proved to be a smaller share of the market than the company had expected. See Evolution for one of the established suppliers. The exit suggests how hard it can be for a newer supplier to win table space at operators, even with a large group behind it. Light & Wonder's later role as distribution partner for Avanti Studios fits the aggregation focus it announced.

Source

• NEXT.io: Light & Wonder abandons live casino offering