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Light & Wonder Opens Up New Worlds of Play for Private Operators in Ontario With Its Largest New Market Launch for iGaming to Date¹
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Scientific Games Corporation, operating as Light & Wonder, has expanded its iGaming presence in Ontario, Canada by launching its OpenGaming™ platform. This platform features over 3,500 games from various renowned game studios, meeting the strict compliance standards set by the Alcohol and Gaming Commission of Ontario. The launch follows the province's regulated online gaming market opening on April 4, 2022. Light & Wonder aims to establish a leading position in Ontario's iGaming market, enhancing gaming experiences for players with accessible, safe gaming options.
Positive
Launch of OpenGaming™ platform in Ontario enhances market presence.
Access to over 3,500 games from top studios boosts competitive advantage.
Compliance with regulatory standards strengthens credibility in the market.
Negative
None.
Operators and players across the Canadian province set to benefit from Light & Wonder’s extensive catalogue of online slots, table games and partner network via its industry-leading OpenGaming™ platform
LAS VEGAS--(BUSINESS WIRE)--
Scientific Games Corporation, doing business as Light & Wonder, (NASDAQ: SGMS) (“Light & Wonder,” “L&W” or the “Company”) strengthened its iGaming presence in North America after launching its leading content aggregation platform and in-house developed games in the province of Ontario, Canada.
iGaming Ontario, which is a subsidiary of the Alcohol and Gaming Commission of Ontario (AGCO), launched its regulated online gaming market for private operators on April 4, 2022. Light & Wonder was among the first companies to launch with its product offering successfully meeting the strict compliance standards set out by the regulator.
This exciting move sees Light & Wonder extend the reach of its world-class content and technology platform OpenGaming™,providing operators and players in Ontario with access to a wide range of popular games.
The offering for Ontario’s promising iGaming market includes scores of top-performing games from Light & Wonder’s in-house studios, including Lightning Box, which already holds a commanding position in Canada’s iGaming market, and some of the industry’s most innovative game studios including Big Time Gaming, Blueprint Gaming, and ReelPlay. Players will be able to experience these games with Light & Wonder’s vast array of operator customers.
The OpenGaming™ ecosystem delivers more than 3500 games from a global network of in-house and third-party game studios with unrivalled ease of integration that is robust and secure.
All games available through OpenGaming™ are supported with a comprehensive range of responsible gambling tools, helping to deliver a safe and enjoyable gaming experience for players.
Dylan Slaney, CEO iGaming at Light & Wonder, said: “We’re incredibly proud to be bringing our OpenGaming offering to the re-regulated province of Ontario upon its iGaming open market launch. It goes without saying, our extensive catalogue of highly sought-after games are unbeatable, and we’re confident that players will truly enjoy everything we have to offer them.
“This expansion is a significant move for Light & Wonder that further highlights our desire to continue our steady and sustained growth in key emerging markets around the world. With cutting edge content that is easy to integrate, we have strong ambitions to hold a leading position in Ontario and this takes us a step further on our journey to become the leading cross-platform global game company.”
About Light & Wonder
Scientific Games Corporation, doing business as Light & Wonder, is the global leader in cross-platform games and entertainment. The Company brings together over 5,000 employees from six continents to connect content between land-based and digital channels with unmatched technology and distribution. Guided by a culture that values daring teamwork and creativity, the Company builds new worlds of play, developing game experiences loved by players around the globe. Its OpenGaming™ platform powers the largest digital-gaming network in the industry. The Company is committed to the highest standards of integrity, from promoting player responsibility to implementing sustainable practices. To learn more, visit lnw.com.
Forward-Looking Statements
In this press release, Scientific Games makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "will," "may," and "should." These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors, including those factors described in our filings with the Securities and Exchange Commission (the “SEC”), including Scientific Games’ current reports on Form 8-K, quarterly reports on Form 10-Q and its upcoming annual report on Form 10-K that will be filed with the SEC on March 1, 2022 (including under the headings "Forward-Looking Statements" and "Risk Factors"). Forward-looking statements speak only as of the date they are made and, except for Scientific Games' ongoing obligations under the U.S. federal securities laws, Scientific Games undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
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1Bally Gaming Canada Limited is a subsidiary of Scientific Games Corporation dba Light & Wonder and holds a certificate of registration issued by the Alcohol and Gaming Commission of Ontario.
What is the significance of the OpenGaming™ launch in Ontario for SGMS?
The launch of OpenGaming™ in Ontario represents a significant expansion of SGMS's iGaming presence and positions the company to leverage Ontario's regulated online gaming market.
How many games are included in the OpenGaming™ platform launched in Ontario?
The OpenGaming™ platform launched in Ontario includes over 3,500 games from a global network of in-house and third-party studios.
When did Ontario's regulated online gaming market open?
Ontario's regulated online gaming market opened on April 4, 2022.
What compliance standards did SGMS meet for the Ontario iGaming market?
SGMS successfully met the strict compliance standards set forth by the Alcohol and Gaming Commission of Ontario.
What is SGMS's strategy for growth in the iGaming market?
SGMS aims to secure a leading position in Ontario's iGaming market through its extensive game catalog and robust integration capabilities.
