Light & Wonder: Legal Woes Ironically Could Make This A Strong Buy On The Dip Opportunity
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Light & Wonder experienced an 18.8% share drop due to a copyright ruling against its Dragon Train slot machines. Despite this, the company remains optimistic, projecting a 2025 AEBITDA of $1.4 billion and continuing its stock buyback program. LNW is converting 2,200 Dragon Train slots to new themes and introducing new games.
November 05, 2024 | 12:30 pm
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Light & Wonder's shares fell 18.8% due to a copyright ruling against its Dragon Train slot machines. Despite this, the company is optimistic about future growth, projecting a 2025 AEBITDA of $1.4 billion and continuing its stock buyback program.
The legal setback caused a significant drop in LNW's share price, but the company's optimistic projections and continued stock buybacks suggest potential for recovery. The conversion of Dragon Train slots and introduction of new games may mitigate the impact of the ruling.
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