Light & Wonder CEO releases statement on Dragon Train litigation

Light & Wonder released a video statement from President and CEO Matt Wilson on the recent developments on the litigation regarding Dragon Train. Highlights from the statement include: the company is ensuring that its customers “are taken care of” as the company complies with the judge’s order. The company maintains its 2025 consolidated EBITDA target of $1.4B. Regarding the North American market, the company has approximately 33K lease units installed, of which Dragon Train represented roughly 2.2K units. The company is working to convert those games and has not had removal requests at this date. In the Australian market, the company stopped selling Dragon Train and is offering customers a range of replacement games. The company intends to build Dragon Train 2.0 as soon as possible and expects the franchise to remain part of the company’s offer. The company develops over 130 games each year and will present its new pipeline at the Global Gaming Expo, or G2E. The contract with the Dragon Train designer was terminated. The company continues its $1M share buyback program.