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#The Wall Street Journal: Slot-machine maker Scientific Games changing its name to Light & Wonder

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“#The Wall Street Journal: Slot-machine maker Scientific Games changing its name to Light & Wonder”

Slot-machine and game developer Scientific Games Corp. said it plans to rebrand as Light & Wonder Inc. after the company shed its lottery and sports-betting businesses to focus on content for casinos and online gambling.

Scientific Games
SGMS,
-8.30%
said it expects to announce the name change and its latest earnings report on Tuesday.

The company has said it seeks to increase its digital revenue share to 50% by 2024 by developing games to be shared across platforms, in slot-machines seen in casinos, in online gambling—also known as iGaming—and social gaming.

“That’s where the world is trending because in iGaming, particularly in the United States, the land-based operators are getting digital licenses, and they want to provide their players 360-degree access to the games that they have,” Scientific Games Chief Executive Barry Cottle said in an interview.

An expanded version of this report appears on WSJ.com.

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