Scientific Games Corporation (SGMS)

ATLANTA , May 18, 2022 /PRNewswire/ -- Scientific Games announces that Stephen Richardson, Chief Administrative and Compliance Officer, was appointed to the National Technology Security Coalition's Board of Directors. With a 28-year security background including 22 years at the Federal Bureau of Investigation, Richardson will help lead the strategic direction of the NTSC.

LAS VEGAS--(BUSINESS WIRE)--Light & Wonder, Inc. (NASDAQ: SGMS), formerly known as Scientific Games Corporation (“Light & Wonder” or the “Company”), today announced that the Company has completed the previously announced legal entity name change from Scientific Games Corporation to Light & Wonder, Inc. in connection with its recently announced rebranding pursuant to the sale of its Lottery business. Light & Wonder will begin trading on NASDAQ under the new ticker symbol "LNW" tomorrow, April 29, 2022. The Light & Wonder name and branding reflects the Company’s strategic vision to become the leading cross-platform global game company focused on creating and launching great games fully cross-platform, leveraging our leading platforms and solutions to enable a seamless player experience. Through a deliberate cross-platform approach, Light & Wonder delivers a leading portfolio of iconic games and franchises across online and mobile and in both real money and free-to-play social gaming markets as well as in land-based casinos. Light & Wonder shareholders do not need to take action in connection with the change in ticker symbol. Their shares currently trading on NASDAQ under the ticker symbol “SGMS” will automatically commence trading under the new ticker symbol as of the market open on April 29, 2022. About Light & Wonder, Inc. Light & Wonder, Inc. (formerly known as Scientific Games Corporation), is the global leader in cross-platform games and entertainment. The Company brings together 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, the Company 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 the Company’s current reports on Form 8-K, quarterly reports on Form 10-Q and its annual report on Form 10-K that was 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 the Company’s ongoing obligations under the U.S. federal securities laws, the Company undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

LAS VEGAS--(BUSINESS WIRE)--Light & Wonder, Inc. (NASDAQ: SGMS), formerly known as Scientific Games Corporation (“Light & Wonder” or the “Company”), today announced that the Company has completed the previously announced legal entity name change from Scientific Games Corporation to Light & Wonder, Inc. in connection with its recently announced rebranding pursuant to the sale of its Lottery business. Light & Wonder will begin trading on NASDAQ under the new ticker symbol "LNW" to

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LAS VEGAS--(BUSINESS WIRE)--Scientific Games Corporation, doing business as Light & Wonder, (NASDAQ: SGMS) (“Light & Wonder,” “L&W” or the “Company”) will showcase its new worlds of play at the Indian Gaming Tradeshow and Convention, hosted by the National Indian Gaming Association (NIGA) on April 21-22 in booth #1520 at the Anaheim Convention Center. “We’re excited to introduce Light & Wonder to our partners at NIGA,” said L&W Gaming CEO Matt Wilson. “This is a fantastic opportunity to showcase our compelling content and enabling technologies to drive a connected player experience across platforms.” L&W will display games, systems, and technologies that bring wide-eyed wonder to players around the world. As the global leader in game experiences, attendees will get up close and personal with expansive entertainment developed by the Company’s best-in-class Creators. Dynamic Cross-Platform Content At NIGA, L&W will showcase some of the newest hits that will be available across platforms for players. This includes the beloved Coin Combo™ franchise that will transcend its land-based success and expand its iGaming presence through three new game themes this year including Hurricane Horse™, Terrific Tiger™, and Carnival Cow™. The franchise launched online with Coin Combo™ - Marvelous Mouse™, becoming the Company’s biggest U.S. iGaming launch of all time. Whether online or on the floor, the franchise outperforms and delights players. Gold Fish Feeding Time™ is a player-favorite that returns with seven new, unique feature combinations including the Triple Persistent Pot mechanic that was popularized by L&W’s Coin Combo and Rich Little Piggies®. Available in land-based and, later this year in iGaming, each pot has its own distinct feature and if multiple pots are triggered simultaneously, they are combined into super features! Land-Based Innovation and Entertainment Creators at L&W inspire wonder by creating amazing game experiences and thrilling content across all platforms. Exciting, new dynamic land-based games and hardware the Company will feature at NIGA include: A showcasing of two new cabinets, Kascada™ Dual Screen and Landmark 7000. As the newest addition to the Kascada product line, the Kascada Dual Screen takes best-in-class hardware and pairs it with player-favorite brands providing an experience players will love. On the mechanical reel side, the Landmark 7000 brings forth traditional and time-honored features that made the mechanical reel an icon, now with today’s modern technology. Created for the higher denom player, the Landmark 7000 is complemented by its collection of new, on-trend, high-denom content and launches with four titles - all of which will be on the floor this year. The game that started the persistent pot trend is back with double the action and double the pots in Duō Fú Duō Cái® Grand on Kascada Dual Screen. In addition to the game’s new Hold & Spin feature, the Grand edition of Duō Fú Duō Cái® includes two pots, offering two different jackpot features. An extension of the incredibly successful Blazing 7’s franchise, Blazing 777™ 2x3x5x & Blazing 777™ Triple Double Jackpot™ is available in the player-favorite 9-line configuration and awards the top progressive jackpot when three Wild symbols are centered on line 9 when playing max bet! Golden Fire Link brings the Ultimate Fire Link® franchise and mechanic to L&W’s first international cabinet, Kascada™. Golden Fire Link features new gameplay elements and configurations including a ninth row in the Hold & Spin feature and free game cash prizes. Ultimate Fire Link Explosion will debut at NIGA on L&W’s most visually dramatic cabinet, Mural™. The game gives players the ability to add cash to the reels to trigger the Hold & Spin feature which has expanded to 12 rows, allowing for more opportunity for Fire Balls of cash to land on. For the first time, the game’s wheel bonus spans the entire Mural canvas, giving players a chance to win free games, trigger Ultimate Fire Link® features, and score bonuses and jackpots. Roulette X™ brings volatility to a great game, allowing players to choose their own volatility up to 500x! No other electronic table game in North America lets players win this much on a single spin, and L&W was the first to introduce this exciting gameplay to the market. Enhancing the Player Experience through Systems The Company’s full suite of global systems products empower partners and enable them to attract, engage and retain players while supporting responsible gaming. Unified Wallet is powering a cashless gaming experience by giving players the power to instantly access funds to play slots and tables through a mobile app. The solution enables a seamless mobile experience and allows operators the freedom to choose the payment provider. L&W’s other cashless solution, AToM™ is a convenient tabletop ATM that allows players to access additional funds right at the gaming position without cash handling or game stoppage. Players purchase chips with their debit card and PIN, and all transactions go directly to drop. Player Boutique® provides players with gift redemption via the iVIEW® 4 at their gaming device or on the player’s mobile device via gift redemption website. This gifting service is powered by Amazon Prime and Best Buy, and seamlessly delivers the player’s gift of choice to their home address within two days. Introducing New iGaming Features and Games L&W will debut its first iGaming wide area progressive (WAP) in North America, delivering next-level player engagement with a player-favorite content roadmap and data-driven math model. Jackpot progressives will be available at a number of different levels from game, to operator, to state. First to launch will be the Company’s top-performing franchise 88 Fortunes® with captivating features such as WAP jackpot rewards and unique operator configurations. The Company has diversified and expanded its iGaming offering throughout the U.S. and Canada since acquiring Authentic Gaming in 2021. LIVE CASINO will launch later this year featuring immersive experiences for players that leverage L&W’s boundary-breaking content. The cutting-edge portfolio of titles, including Roulette, Blackjack and Baccarat, will be streamed directly from a state-of-the-art studio and from the floors of some of the world’s most luxurious casino resorts, bringing exciting casino experiences to players on desktop and mobile devices. The new L&W Las Vegas iGaming development studio, launched to create content specifically for the growing volume of North American players, will deliver its first set of hit games including Ultimate Fire Link® - Olvera Street® and Ultimate Fire Link® - China Street®. This thrilling new game content from land-based favorites provides players with free games bonuses, a breathtaking Fire Link feature, and fan-favorite hold and respin mechanic. All ® notices signify marks registered in the United States. © 2022 Scientific Games Corporation. All Rights Reserved. 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. SG Gaming Inc. is the licensed manufacturer of the products and a wholly-owned subsidiary of Scientific Games Corporation, doing business as Light & Wonder. 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.

LAS VEGAS--(BUSINESS WIRE)--Scientific Games Corporation, doing business as Light & Wonder, (NASDAQ: SGMS) (“Light & Wonder,” “L&W” or the “Company”) will showcase its new worlds of play at the Indian Gaming Tradeshow and Convention, hosted by the National Indian Gaming Association (NIGA) on April 21-22 in booth #1520 at the Anaheim Convention Center. “We're excited to introduce Light & Wonder to our partners at NIGA,” said L&W Gaming CEO Matt Wilson. “This is a fantastic op

LAS VEGAS--(BUSINESS WIRE)--Scientific Games Corporation, doing business as Light & Wonder, (NASDAQ: SGMS) (“Light & Wonder,” “L&W” or the “Company”) is inviting players on an unforgettable intergalactic adventure in its latest title Stargate Megaways. The first game to be released on OpenGaming™ under the new Light & Wonder name, this ambitious 6-reel slot is based on MGM’s legendary sci-fi fantasy film Stargate, boasting imagery and characters from the famous franchise, as well as some truly innovative features and mechanics. Stargate has become a cultural phenomenon, capturing the imaginations of sci-fi lovers and inspiring legions of fans around the world. The Stargate franchise includes three TV series, three films, an animated series and a web series. More than 56 million Stargate DVDs have been sold as well. Living well beyond the screen Stargate has found its way into games, comic books, trading cards and more and more. The hit TV series, Stargate SG-1, celebrates its 25th anniversary in 2022. In Stargate Megaways, players are tasked with working their way up a Stargate trail every time they register a consecutive win, unlocking modifiers and one of three free spins rounds. When the fifth segment of the trail is reached a random modifier will be activated, which boosts their chances of triggering up to seven free spins. Modifiers include random wilds, wild reels, expanding reels, mystery symbols and regenerate, which clears the game grid and sees a re-spin occur with the same number of Megaways in place. Should the seventh, eighth or ninth segment be reached, Star Coordinates will align, allowing players to step through the gate into distant worlds as they are awarded between five and seven free spins featuring lucrative modifiers. In permitted markets, for a cost of between 32x and 126x their bet, players can gain instant access to a modifier or free spin round, should they wish to bypass the base gameplay. Rob Procter, Vice President of Game Development at Light & Wonder said, “Not only is Stargate Megaways Light & Wonder’s flagship release as a new brand, but it’s also set to be our most revolutionary. We’ve flipped the concept of a Megaways slot on its head, this game is nothing like you’ll have played before from a Megaways title and we think it’ll prove to be a big hit. “Stargate has been going for almost 30 years now and there are still people of all ages that love the franchise, so we’re incredibly excited to bring it to a new medium. Light & Wonder has great ambitions to solidify itself as the leading cross-platform global game company, and releasing a slot that’s truly out of this world is the right way to go about that.” Robert Marick, EVP Global Consumer Products at MGM said, “Stargate continues to resonate around the globe and through this partnership with Light & Wonder, we are able to bring this incredibly popular series to fans in a fresh and exciting way. We’re looking forward to seeing the debut of the Stargate Megaways 6 reel slot game.” © 2022 Scientific Games Corporation. All rights reserved. Certain audiovisual components of Stargate X Megaways © 2022 Metro-Goldwyn-Mayer Studios Inc. STARGATE and all related logos, marks, characters and other elements © 1994 – 2022 & TM Metro-Goldwyn-Mayer Studios Inc. All Rights Reserved. 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. About Metro Goldwyn Mayer Metro Goldwyn Mayer (MGM) is a leading entertainment company focused on the production and global distribution of film and television content across all platforms. The company owns one of the world’s deepest libraries of premium film and television content as well as the premium pay television network EPIX, which is available throughout the U.S. via cable, satellite, telco and digital distributors. In addition, MGM has investments in numerous other television channels, digital platforms, and interactive ventures and is producing premium short-form content for distribution. For more information, visit www.mgm.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.

LAS VEGAS--(BUSINESS WIRE)--Scientific Games Corporation, doing business as Light & Wonder, (NASDAQ: SGMS) (“Light & Wonder,” “L&W” or the “Company”) is inviting players on an unforgettable intergalactic adventure in its latest title Stargate Megaways. The first game to be released on OpenGaming™ under the new Light & Wonder name, this ambitious 6-reel slot is based on MGM's legendary sci-fi fantasy film Stargate, boasting imagery and characters from the famous franchise, as wel

LAS VEGAS--(BUSINESS WIRE)--Scientific Games Corporation, doing business as Light & Wonder, (NASDAQ: SGMS) (“Light & Wonder” or the “Company”) announced today it will release its financial results for the first quarter ended March 31, 2022 on Tuesday, May 10, 2022, after market close. The Company will host an investor conference call and simultaneous webcast the same day at 4:30 p.m. Eastern Time to discuss the results. Participants are encouraged to pre-register for the conference call

LAS VEGAS--(BUSINESS WIRE)--Scientific Games Corporation, doing business as Light & Wonder, (NASDAQ: SGMS) (“Light & Wonder” or the “Company”) announced today it will release its financial results for the first quarter ended March 31, 2022 on Tuesday, May 10, 2022, after market close. The Company will host an investor conference call and simultaneous webcast the same day at 4:30 p.m. Eastern Time to discuss the results. Participants are encouraged to pre-register for the conference call by using the following link. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to the call start time. To pre-register, click here: Scientific Games Earnings Call Investor Conference Call May 10, 2022 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time Webcast To access the live webcast of the call, please visit the Company’s website at https://explore.lnw.com/investors/ and click on the webcast link. A replay of the webcast will be available approximately one hour after the webcast and will be archived on the Company’s website. Telephone Dial-in US Toll Free: +1 (844) 200-6205 International: +1 (646) 904-5544 Conference ID: 897382 Telephone Replay A telephone replay of the call will be available until Tuesday, May 17, 2022 US Toll Free: +1 (866) 813-9403 International Toll: +1 (929) 458-6194 Replay Access Code: 437405 About Light & Wonder Scientific Games Corporation, doing business as Light & Wonder, is a global leader in cross-platform games and entertainment. The Company brings together over 5,600 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.

LAS VEGAS--(BUSINESS WIRE)--Scientific Games Corporation, doing business as Light & Wonder, (NASDAQ: SGMS) (“Light & Wonder” or the “Company”) announced today it will release its financial results for the first quarter ended March 31, 2022 on Tuesday, May 10, 2022, after market close. The Company will host an investor conference call and simultaneous webcast the same day at 4:30 p.m. Eastern Time to discuss the results. Participants are encouraged to pre-register for the conference call by using the following link. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to the call start time. To pre-register, click here: Scientific Games Earnings Call Investor Conference Call May 10, 2022 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time Webcast To access the live webcast of the call, please visit the Company’s website at https://explore.lnw.com/investors/ and click on the webcast link. A replay of the webcast will be available approximately one hour after the webcast and will be archived on the Company’s website. Telephone Dial-in US Toll Free: +1 (844) 200-6205 International: +1 (646) 904-5544 Conference ID: 897382 Telephone Replay A telephone replay of the call will be available until Tuesday, May 17, 2022 US Toll Free: +1 (866) 813-9403 International Toll: +1 (929) 458-6194 Replay Access Code: 437405 About Light & Wonder Scientific Games Corporation, doing business as Light & Wonder, is a global leader in cross-platform games and entertainment. The Company brings together over 5,600 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.

LAS VEGAS--(BUSINESS WIRE)--Scientific Games Corporation, doing business as Light & Wonder, (NASDAQ: SGMS) (“Light & Wonder” or the “Company”) today announced it achieved a major milestone in transforming and deleveraging its balance sheet. The Company retired its existing $4.0 billion term loan and redeemed $3.0 billion of its secured and unsecured notes using proceeds from the divestiture of the Lottery Business and a new $2.2 billion term loan facility. In conjunction with the new term loan, the Company also entered into a new $750 million revolving credit facility. These actions reflect successful execution of Light & Wonder’s balanced and opportunistic approach to capital allocation which prioritizes: Priority #1: Debt reduction to a target net debt leverage ratio range2 of 2.5x to 3.5x, with today’s announced actions representing significant progress on this priority, reducing the principal amount of debt outstanding by $4.8 billion. The Company estimates an annualized cash interest savings of $225.0 million as a result of these actions. In addition, the covenant-light nature of the new term loan facility provides Light & Wonder with the flexibility to execute on its capital allocation priorities. Taking the refinancing transactions into account, combined with the previously announced sale of our Lottery Business, the Company’s adjusted net debt reflecting refinancing transactions and the Lottery Business sale2 and adjusted net debt leverage ratio reflecting refinancing transactions and the Lottery Business sale2 as of December 31, 2021 would have been approximately $3.2 billion and 3.9x, compared to $8.2 billion and 6.2x reported as of December 31,2021, respectively. Priority #2: Share buy-backs to return substantial capital to shareholders now and in the future, with the Company continuing to actively repurchase shares under its $750 million share repurchase authorization. Priority #3: Disciplined investment in key growth opportunities, prioritizing using capital for buy-backs, debt reduction and organic investments unless M&A delivers greater long-term value. “With the sale of our Lottery Business we are making rapid progress executing on our strategy to transform our business,” said Light & Wonder Chief Executive Officer Barry Cottle. “We see tremendous opportunity to create value for our shareholders and other stakeholders by building great games and franchises to entertain our players wherever and whenever they want to play. The steps we are taking to strengthen our balance sheet will enhance our ability to create value and the speed at which we can unlock that value and achieve our vision of becoming the leading cross-platform global game company.” Light & Wonder Chief Financial Officer Connie James added, “The debt reduction and refinancing is yet another monumental milestone in our efforts to strengthen our financial position and advance our capital allocation strategy. We were very pleased with the market’s response to our debt transaction, which allowed us to achieve favorable pricing and improve our credit ratings. This transaction optimizes our capital structure and provides the balance sheet integrity and financial flexibility to invest in future growth. We are strongly positioned to drive tremendous shareholder value.” Details of the Transaction The new first lien term loan facility has a principal balance of $2.2 billion maturing in 2029. Loans under the new first lien term loan facility will, at the Company’s option, initially bear interest at either (i) Adjusted Term SOFR Rate (as defined in the credit agreements), plus 3.00% or (ii) a base rate plus 2.00%. The Company also successfully obtained commitments for a $750.0 million asset-based revolving credit facility maturing in 2027. The new revolving credit facility replaced the Company's existing $650.0 million revolving credit facility maturing in 2024. Loans under the new revolving facility will, at the Company’s option, initially bear interest at either (i) Adjusted Term SOFR Rate (or an alternative benchmark rate for non-US dollar borrowings), plus 2.00% or (ii) ABR plus 1.00%. With the addition of the new term loan facility, the Company’s weighted average life of debt increased to approximately 6.4 years. The new credit facility is secured by substantially all assets of the Company and any of its existing or future material domestic subsidiaries, subject to customary exceptions. The proceeds of the new term loan facility, along with a portion of the $5.0 billion of net after-tax cash proceeds of the sale of the Company’s Lottery Business, were used to prepay in full and terminate all commitments under the Company's existing $4.0 billion term loan facility maturing in 2024; to redeem in full its 5.000% Senior Secured Notes due 2025, 3.375% Senior Secured Euro Notes due 2026, 5.500% Senior Unsecured Euro Notes due 2026, and 8.250% Senior Unsecured Notes due 2026; and to pay accrued and unpaid interest thereon plus any related premiums, fees and expenses. Total principal amount of debt retired or refinanced was $7.0 billion. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offering, solicitation or sale would be unlawful. © 2022 Scientific Games Corporation. All rights reserved. About Light & Wonder Scientific Games Corporation, doing business as Light & Wonder, is a global leader in cross-platform games and entertainment. The Company brings together over 5,600 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. ____________________________________________________ 1 Principal amount of outstanding debt as of December 31, 2021 compared to such principal amount adjusted for the impact of the April 14, 2022 refinancing transactions described herein. Refer to the principal debt balance supplemental information at the end of this release. 2 Represents a non-GAAP financial measure. Additional information on non-GAAP financial measures presented herein is available at the end of this release. 3 Term loan interest rate calculated based on the current interest rate, undrawn revolving credit facility, and a portion of 2025 Secured Notes reflective of an interest rate of approximately 2.946% as a result of certain cross-currency interest rate swap agreements, more fully described in the principal debt balance supplemental information at the end of this release. Principal Debt Balance Supplemental Information Outstanding Principal Value As of Dec. 31, 2021- Adjusted(1) 2024 $ 4,018 $ (4,018 ) $ - 2029 - 2,200 2,200 2025 5.000 % 1,250 (1,250 ) - 2026 3.375 % 367 (367 ) - 2025 8.625 % 550 - 550 2026 5.500 % 283 (283 ) - 2026 8.250 % 1,100 (1,100 ) - 2028 7.000 % 700 - 700 2029 7.250 % 500 - 500 2023 4.089 % 4 - 4 $ 8,772 $ (4,818 ) $ 3,954 Non-GAAP Reconciliations Reconciliation of Adjusted Net Debt Reflecting Refinancing Transactions and the Lottery Business Sale and Adjusted Net Debt Leverage Ratio Reflecting Refinancing Transactions and the Lottery Business Sale ($ in billions, except for ratio, unaudited) Refinancing Transactions and Lottery Business Sale Adjustments Adjusted Net Debt Reflecting Refinancing Transactions and the Lottery Business Sale and Adjusted Net Debt Leverage Ratio Reflecting Refinancing Transactions and the Lottery Business Sale $ 1.3 (0.5 ) (4 ) $ 0.8 $ 8.7 $ 8.7 0.1 0.1 0.1 0.1 (0.0 ) (0.0 ) 8.8 (4.9 ) (5 ) 4.0 0.6 0.1 (6 ) 0.7 $ 8.2 $ 3.2 6.2x 3.9x Reconciliation of Consolidated AEBITDA – Continuing Operations, Discontinued Operations, Combined AEBITDA ($ in billions, unaudited) 2021 $0.4 0.0 (0.4) $0.0 0.2 0.4 0.5 0.1 (0.4) $0.8 $0.4 0.1 0.1 0.1 (0.1) $0.5 $1.3 Reconciliation of Earnings from Equity Investments to EBITDA from Equity Investments ($ in millions, unaudited) 2021 $47 10 32 (1) $88 Forward-Looking Statements In this press release, the Company 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 the Company’s current reports on Form 8-K, quarterly reports on Form 10-Q and its annual report on Form 10-K that was 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 the Company’s ongoing obligations under the U.S. federal securities laws, the Company undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise. Non-GAAP Financial Measures Net Debt Leverage Ratio Net debt is defined as total principal face value of debt outstanding, the most directly comparable GAAP measure, less combined cash and cash equivalents. Principal face value of debt outstanding includes the face value of debt issued under Senior Secured Credit Facilities, Senior Notes and Subordinated Notes, which are all described in Note 15 of the Company's Annual Report on Form 10-K for the year ended December 31, 2021, but it does not include other long-term obligations of $4 million primarily comprised of certain revenue transactions presented as debt in accordance with ASC 470. In addition, principal face value of debt outstanding with respect to the 2026 Secured Euro Notes and 2026 Unsecured Euro Notes are translated at the constant foreign exchange rate at issuance of these notes as those amounts remain payable at the original issuance amounts in Euro. Net debt leverage ratio represents Net debt divided by Combined AEBITDA (as defined below). The forward-looking non-GAAP financial measure targeted net debt leverage ratio is presented on a supplemental basis and does not reflect Company guidance. We are not providing a forward-looking quantitative reconciliation of targeted net debt leverage ratio to the most directly comparable GAAP measure because we are unable to predict with reasonable certainty the ultimate outcome of certain significant items without unreasonable effort. These items are uncertain, depend on various factors, and could have a material impact on GAAP reported results for the relevant period. Adjusted Net Debt Reflecting Refinancing Transactions and the Lottery Business Sale and Adjusted Net Debt Leverage Ratio Reflecting Refinancing Transactions and the Lottery Business Sale Adjusted net debt reflecting refinancing transactions and the Lottery Business sale, as used herein, is a non-GAAP financial measure defined as net debt as of December 31, 2021, plus pending Austria Lottery Business proceeds of approximately $104 million less cash held at Lottery Business. Adjusted net debt leverage ratio reflecting refinancing transactions and the Lottery Business sale, as used herein, is a non-GAAP financial measure defined as adjusted net debt reflecting refinancing transactions and the Lottery Business sale divided by Combined FY 2021 AEBITDA, excluding Lottery Business operations and certain immaterial continuing operations equity method investments. Combined AEBITDA Combined AEBITDA, as used herein, is a non-GAAP financial measure that combines Consolidated AEBITDA (representing our results of continuing operations), AEBITDA from discontinued operations, and EBITDA from equity investments included in continuing operations and is presented as a supplemental disclosure and more fully described in the Company’s fourth quarter and full year 2021 earnings release furnished with our Current Report on Form 8-K dated March 1, 2022. Consolidated AEBITDA (representing AEBITDA from continuing operations) Consolidated AEBITDA, as used herein, is a non-GAAP financial measure that is presented as a supplemental disclosure of the Company’s continuing operations and is reconciled to net income (loss) from continuing operations as the most directly comparable GAAP measure, as set forth in the schedule above. Consolidated AEBITDA should not be considered in isolation of, as a substitute for, or superior to, the consolidated financial information prepared in accordance with GAAP, and should be read in conjunction with the Company's financial statements filed with the SEC. Consolidated AEBITDA may differ from similarly titled measures presented by other companies. Consolidated AEBITDA includes the following adjustments: (1) net income attributable to noncontrolling interest; (2) net income from discontinued operations, net of tax; (3) restructuring and other, which includes charges or expenses attributable to: (i) employee severance; (ii) management restructuring and related costs; (iii) restructuring and integration; (iv) cost savings initiatives; (v) major litigation; and (vi) acquisition costs and other unusual items; (4) depreciation and amortization expense and impairment charges and goodwill impairments; (5) change in fair value of investments and gain (loss) on remeasurement of debt; (6) interest expense; (7) income tax benefit; (8) stock-based compensation; and (9) other (income) expense, net including foreign currency (gains), and losses and earnings from equity investments. AEBITDA from Discontinued Operations AEBITDA from discontinued operations, as used herein, is a non-GAAP financial measure that is presented as a supplemental disclosure for the Company’s discontinued operations and is reconciled to net income from discontinued operations, net of tax as the most directly comparable GAAP measure, as set forth in the schedule above. AEBITDA from discontinued operations should not be considered in isolation of, as a substitute for, or superior to, the consolidated financial information prepared in accordance with GAAP, and should be read in conjunction with the Company's financial statements filed with the SEC. AEBITDA from discontinued operations may differ from similarly titled measures presented by other companies. AEBITDA from discontinued operations includes the following adjustments: (1) restructuring and other, which includes charges or expenses attributable to: (i) employee severance; (ii) management restructuring and related costs; (iii) restructuring and integration; (iv) cost savings initiatives; (v) major litigation; and (vi) acquisition costs and other unusual items; (2) depreciation and amortization expense and impairment charges and goodwill impairments; (3) income tax benefit; and (4) stock-based compensation and other, net. In addition to the preceding adjustments, we exclude (earnings) loss from equity investments and add (without duplication) discontinued operations pro rata share of EBITDA from equity investments, which represents their share of earnings (whether or not distributed) before income tax expense, depreciation and amortization expense, and interest expense, net of our joint ventures and minority investees, which is included in our calculation of AEBITDA from discontinued operations. EBITDA from Equity Investments EBITDA from equity investments, as used herein, represents our share of earnings (loss) (whether or not distributed to us) plus income tax expense, depreciation and amortization expense (inclusive of amortization of payments made to customers for Lotterie Nazionali S.r.l.), interest (income) expense, net, and other non-cash and unusual items from our joint ventures and minority investments. EBITDA from equity investments is a non-GAAP financial measure that is presented as supplemental disclosure for illustrative purposes only and is reconciled to earnings (loss) of equity investments, the most directly comparable GAAP measure, in a schedule above.

LAS VEGAS--(BUSINESS WIRE)--Scientific Games Corporation, doing business as Light & Wonder, (NASDAQ: SGMS) (“Light & Wonder” or the “Company”) today announced it achieved a major milestone in transforming and deleveraging its balance sheet. The Company retired its existing $4.0 billion term loan and redeemed $3.0 billion of its secured and unsecured notes using proceeds from the divestiture of the Lottery Business and a new $2.2 billion term loan facility. In conjunction with the new te

LAS VEGAS--(BUSINESS WIRE)--Scientific Games Corporation, doing business as Light & Wonder, (NASDAQ: SGMS) (“Light & Wonder,” “L&W” or the “Company”) has extended its existing agreement with global sports betting, gaming and interactive entertainment group Entain through to 2030. The original agreement signed with Entain in 2018 was a landmark deal for the Company and the largest contract to date for Light & Wonder’s UK gaming business. This extension has built on this successful relationship and is testament to the ongoing success of the Company’s UK retail server-based gaming solution and strength of the long-term partnership with Entain. Light & Wonder will continue to supply over 10,000 terminals to Entain’s licensed betting offices (LBO) through their Coral and Ladbrokes retail shops. The Company will also provide industry-leading game titles from its global game portfolio as well as titles from its Manchester Studio, which has recently launched successful key titles including Lord of The Rings and 777 High & Mighty™. Additionally, the Company’s leading content aggregation platform provides Entain access to an extensive library of over 3,000 titles available from the world’s leading studios, complemented by cutting-edge player features including responsible gaming tools. “Our stores provide an engaging and differentiated experience for our customers. Light & Wonder enhances that with the industry’s best gaming machines backed up by a great range of leading games, service infrastructure and support,” said Andy Hicks, Retail MD UK & Ireland at Entain. Entain will also benefit from Light & Wonder’s industry renowned operational and field service support, cutting edge content and dynamic platform functionality including new features such as intelligent menu enhancements. “We are delighted that Entain has chosen to continue our partnership through to 2030,” said Simon Johnson, Senior Vice President & Managing Director, EMEA at Light & Wonder. “Our teams have more than 20 years of history together and we’re excited about supporting Entain through their next phase of growth and innovation. The future is exciting for both Entain and L&W.” Entain is one of the world’s largest sports betting and gaming groups with a comprehensive portfolio of established brands, including Ladbrokes, Coral, bwin, PartyCasino, Gala, Eurobet, Neds, and Sportingbet. © 2022 Scientific Games Corporation. All rights reserved. About Light & Wonder, Inc. 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. About Entain plc Entain plc (LSE: ENT) is a FTSE100 company and is one of the world’s largest sports-betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Bet.pt, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet and Sports Interaction; Gaming Brands include CasinoClub, Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US. Entain provides the technology and capabilities which power BetMGM as well as exclusive games and products, specially developed at its in-house gaming studios. The Group is tax resident in the UK with operations in a total of 31 regulated or regulating territories. Entain is a leader in ESG, a member of FTSE4Good, the DJSI and is AA rated by MSCI. The Group has set a science-based target, committing to be carbon net zero by 2035 and through the Entain Foundation supports a variety of initiatives, focusing on safer gambling, grassroots sport, diversity in technology and community projects. For more information see the Group’s website: www.entaingroup.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.

LAS VEGAS--(BUSINESS WIRE)--Scientific Games Corporation, doing business as Light & Wonder, (NASDAQ: SGMS) (“Light & Wonder,” “L&W” or the “Company”) has extended its existing agreement with global sports betting, gaming and interactive entertainment group Entain through to 2030. The original agreement signed with Entain in 2018 was a landmark deal for the Company and the largest contract to date for Light & Wonder's UK gaming business. This extension has built on this successfu