Light & Wonder Inc
LNW
Consumer Discretionary
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Light & Wonder Inc. is a leading global gaming equipment manufacturer and technology provider whose core business is supplying the gambling industry. The company designs, manufactures, and distributes physical slot machines, casino management systems, and iGaming content and platforms. Its primary customers are casino operators, and its reported gaming segment revenue was $2.18 billion for the most recent fiscal year, constituting the vast majority of its total sales.
The company’s operations are directly tied to gambling legalization trends, as noted in industry analysis highlighting its strategic focus on expanding its market share as U.S. states continue to legalize real-money gaming. Light & Wonder has also been cited for gambling industry violations, accumulating $155,000 in related penalties according to ViolationTracker records. Its business model is centered on enabling and profiting from gambling operations worldwide.
Research Sources
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
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