The CEO of Light & Wonder says recent moves by the company to significantly reduce debt and deleverage has the global gaming giant well positioned to achieve its goal of US$1.4 billion in Adjusted EBITDA by 2025.
Matt Wilson, who took over the top job at Light & Wonder in September, told CommSecTV a media arm of Australian online stockbroking firm CommSec that the companys decision to split its gaming, lottery and sports betting brands into separate businesses in late 2021 has provided far greater ability to invest into its growth pathways.
In particular, Wilson noted that the company, previously known as Scientific Games, had at one stage during the COVID-19 pandemic been leveraged at 10.5x but had since reduced that to 3.1x thanks…
Read the full article at: https://www.asgam.com/index.php/2023/06/06/light-wonder-ceo-matt-wilson-says-company-well-placed-to-hit-us1-4-billion-in-ebitda-by-2025/