Light & Wonder Sales Beat Expectations on Slot Machine Comeback
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Light & Wonder Inc., a maker of slot machines and online games, reported second-quarter sales the beat analysts’ estimates as casinos continued to stock up on gear for bettors.
Revenue grew 20% to $731 million, beating the $676 million average of analysts’ estimates. All three of the company’s divisions — physical gambling products, social games and online gambling — generated double-digit sales gains, the company said Tuesday.