ight & Wonder announced it has closed its previously announced acquisition of Grover Gaming’s charitable-gaming assets for a base consideration of USD 850 million (approx. EUR 755.2 million based on the ECB reference rate of 1 EUR = 1.1262 USD as of May 19, 2025) , plus a four-year, revenue-based earn-out of up to USD 200 million (approx. EUR 177.7 million)
“Grover Gaming has emerged as a leader in the rapidly expanding charitable-gaming sector,” said Matt Wilson, President and CEO of Light & Wonder. “Integrating their proven assets and expertise advances our strategy to diversify into complementary, regulated markets. This acquisition not only bolsters our position as the premier global cross-platform games company but also unlocks new avenues for delivering our world-class content to an even broader audience.”
Brian Brown, who will lead Light & Wonder’s new charitable-gaming division, added: “Joining Light & Wonder ushers in an exciting new chapter for our business. We’re proud of what we’ve built in charitable gaming and see tremendous potential for growth within the Light & Wonder ecosystem. Together, we share a commitment to innovation and to serving both players and the communities they support.”
The transaction, first announced in March 2025, has received all necessary regulatory approvals and satisfied customary closing conditions. The USD 850 million cash payment was made on closing, while the USD 200 million earn-out—structured to align incentives with revenue performance from 2025 through 2028—will be payable upon achievement of agreed targets.
With this acquisition, Light & Wonder further diversifies beyond traditional casino gaming into a high-growth segment where proceeds directly benefit charitable causes and nonprofit organizations. The deal underscores the company’s ongoing commitment to expanding its global footprint and delivering innovative, socially responsible gaming solutions.
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