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Light & Wonder Review

7.7/10

A public US gaming giant whose B2B iGaming arm runs the OpenGaming aggregation network, licensed in the UK and all seven regulated US iGaming states.

  • Founded 1973
  • HQ Las Vegas, Nevada, USA
  • 6,500+ team
  • Enterprise
  • B2B-only
  • Updated Aug 12, 2026
Our take

On the B2B iGaming side this is two businesses in one: the OpenGaming platform that pipes 6,500+ games from 60+ studios into operators, and L&W's own studios and jackpots feeding that same network. It is not a turnkey casino vendor.

USLicensedUKUKGCCryptoNone
53 yrsin market6,500+Games
Request introPricing
Category
Game AggregatorGame Studio
Best for
EnterpriseMid-marketRegulated markets
Game catalog
6,500+Games
60+Studios
Products
OGSENGAGE AIPlayzido RGS
Licenses
UKGCMGAUS-NJUS-PAUS-MIUS-WVUS-CTUS-DE
Verticals
CasinoLive casino
ContentAggregator + own studios
US / UK
US · LicensedUK · UKGC
PricingOn request
OwnershipPublic
Regions
USUKEurope
Verdict

Our read

Strengths
  • Licensed in the UK, Malta, every regulated US iGaming state, Ontario, and Alberta, with further B2B licenses in Sweden, Denmark, Belgium, Greece, Romania, and Gibraltar.
  • A certified library through OpenGaming: 6,500+ games from 60+ studios.
  • Owned content on top of the aggregation. L&W's own studios (ELK, Lightning Box, Authentic Gaming) and hits like 88 Fortunes and Monopoly run on the same network.
  • Public-company scale. ASX-listed, $3.314B group revenue in FY2025, with a $337M iGaming segment processing $109B in wagers a year.
  • One integration to the whole network. OpenGaming and the Open Gaming System act as a single API into thousands of titles plus PAM and player tools.
Watch-outs
  • Not a turnkey or white-label vendor. If you want someone to build and run a casino for you, this is the wrong shape of supplier.
  • No public API docs. The developer portal sits behind a login, and there's no affiliate system to run acquisition through the platform.
  • No crypto. Fiat-focused, with no native crypto cashier.
  • Regulated-markets-only supply. The network serves licensed jurisdictions, so offshore and grey-market operators sit outside the brief.
  • The offer covers casino content and aggregation only, with no sportsbook, bingo, or poker networks.
Best for

Regulated operators in the US and UK that want one integration to a certified game library, plus access to L&W's own hit content like Huff N' Puff and Squid Game. Strong for US-facing brands that need state-by-state compliant content.

Not for

Operators who want a full turnkey or white-label casino built for them, crypto-first brands, and anyone who only needs a small game catalog.

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PlaytechEveryMatrixBraggSOFTSWISS
Where you can run it

Markets & licensing

Light & Wonder's OpenGaming network runs on its own UKGC, Malta, and US state approvals, so an operator inherits that regulated reach through a single integration.

United States
Licensed

Live across every regulated US iGaming state through OpenGaming: New Jersey, Pennsylvania, Michigan, West Virginia, Connecticut, Delaware, and Rhode Island.

United Kingdom
UKGC licensed

Holds active UK Gambling Commission remote licenses (gambling software and game host) under the LNW Gaming entities, so it supplies UKGC operators directly through OpenGaming.

B2B licenses
UK (UKGC)United Kingdom
Remote gambling software + game host (B2B) · LNW Gaming UK Ltd · acct 66104 · active
US states (7 of 7 iGaming)United States
iGaming content + aggregation supply · US-NJ · US-PA · US-MI · US-WV · US-CT · US-DE · US-RI
Malta (MGA)Malta
Critical game supply (B2B) · MGA/B2B/112/2004 · LNW Gaming Malta Ltd
Ontario (AGCO)Canada
iGaming supplier · iGaming Ontario · live since April 2022
Alberta (AGLC)Canada
Critical gaming service provider · Content live on Play Alberta February 2026 · live day one in the commercial market July 2026
Greece (HGC)Greece
Manufacturer (B2B) · HGC-000022-MN
Romania (ONJN)Romania
Class 2 supplier (B2B) · Decizie Nr. 310
Sweden (SGA)Sweden
Manufacturing license (B2B) · 23Si756
BelgiumBelgium
B2B supply · License E563148
Denmark (Spillemyndigheden)Denmark
B2B supply · J.nr. 24-439710
GibraltarGibraltar
B2B gaming operator · RGL No. 073 · LNW Gaming Gibraltar Ltd

Licensing tier: Tier-1.

Certifications
GLI (Gaming Laboratories International)Per-jurisdiction technical certification for each regulated market
Live & certified markets
UK (UKGC)US-NJUS-PAUS-MIUS-WVUS-CTUS-DEUS-RIOntario (AGCO)AlbertaMalta (MGA)SwedenGreeceRomaniaBelgiumDenmarkGibraltar

Supply follows the license map, into regulated jurisdictions only.

Ways to launch

Solutions

The packaging decides more than the price, starting with whose license you go live on. Each card opens to the full terms.

OpenGaming

Game aggregation networkLicense: providerVisit
OpenGaming — product render

OpenGaming is the core of Light & Wonder's B2B iGaming offer. An operator connects once and gets a certified library of 6,500-plus games from 60-plus studios, without contracting and integrating each studio separately. The network handles 5 billion-plus game rounds a month and processed $109B in wagers across 2025.

OpenGaming is live across the regulated US states, the UK, and Ontario, with localized responsible-gaming and compliance config per jurisdiction. For a US-facing operator that needs state-by-state certified content, that is the hard part solved. The trade-off is that you're buying aggregation and distribution only. There's no turnkey casino here. You still run the operation on your own license.

Model
Content aggregation / distribution
Pricing
On request
License holder
Operator
What's included
  • Single connection to every studio on the network
  • Per-jurisdiction responsible-gaming and account-compliance config
  • Engagement and personalization tools across the network
  • Cross-network game performance and wallet analytics
Path to launch
  1. 1Scope the integration by the markets you're launching in
  2. 2Integrate the Open Gaming System / OpenGaming via a single API
  3. 3Select studios and titles, including L&W's own content and exclusives
  4. 4Wire in PAM, payments, KYC, geolocation, and per-jurisdiction RG config
  5. 5Certify the content in each state and country where you go live
  6. 6Go live with dedicated account management and ongoing content roadmaps
Full specification
Jackpots
Network
Game aggregatorLive casinoIn house gamesTournaments toolDemo modeOpen APIThird party integrationsAPI docs public
Games count6,500+
Game providers count60+
Game typesSlotsLive DealerTableInstants
API typeRest
Available as add-ons:ENGAGE AI personalization and engagementPer-jurisdiction responsible-gaming configurationKYC, geolocation, and self-exclusion integrationsPayment integrations (40+ providers)Dedicated account management and content roadmapsiGaming asset and marketing library
How it connects

Integrations & engineering

One contract and one API instead of a separate deal per studio, feed, or PSP. Here's what connects, how fast, and on what stack.

One unified API

Light & Wonder's iGaming model is content plus aggregation, so the integration story is one connection to many studios. The Open Gaming System (OGS) and OpenGaming act as a single API into 6,500-plus games from 60-plus in-house and third-party studios, with the Infinity Gateway as the developer integration layer. PAM, player portals, payments, KYC, geolocation, and per-jurisdiction responsible-gaming config sit on the same platform. Playzido is L&W's own remote game server (RGS) used to build and rapidly deploy custom and exclusive content onto the network.

Time to integrate

Enterprise integration, scoped by markets and content, with a single-API connection to the network

In-house studios
L&W's own iGaming studios and acquired developers that produce original content for the network
ELK Studios (acquired)Lightning Box (acquired)Authentic Gaming (live casino, acquired)Playzido (RGS / custom content, acquired)
Aggregation partners
Third-party studios distributed through OpenGaming
Pragmatic PlayBlueprint GamingKonami (US aggregation deal)Bragg Gaming (Atomic Slot Lab, Wild Streak, Spin Games)1X2 Network / Iron Dog StudioBang Bang GamesPlayJeux Studios
Platform integrations
Third-party services wired into the player portals and PAM
40+ payment providersKYC and geolocation providersSelf-exclusion and account-compliance servicesCRM integrations
Stack:Open Gaming System (OGS)OpenGaming aggregation platformPlayzido RGSInfinity Gateway (developer integration)PAM / player portalsENGAGE AIREST
The toolkit

Products & tools

Three pieces run the network: the integration layer that carries it, the data layer built on what it sees, and the remote game server that keeps filling it with new titles.

Under the hood

Platform & capabilities

Everything the product does out of the box. If a feature isn't listed, the vendor either doesn't offer it or doesn't say.

Platform
PAMMulti-currencyMulti-brandOpen APIAPI type:REST3rd-party integrationsResponsiveArchitecture:ModularHosting:CloudScalability:Tier-1
Engagement & CRM
Bonus engineCRMCRM type:In houseSegmentation:Real timeMarketing automationGamification:Engine
Reporting & BI
BI reportingReal-time reporting
Risk & compliance
Risk managementKYC / AMLMulti-jurisdictionResponsible gamingRG tools:Deposit limits, Self exclusion, Time limits, Reality checksSelf-exclusion:GAMSTOP
Native apps
iOSAndroid
The catalog

Casino content

Most of any catalog is the same aggregated shelf every competitor can license. What separates providers is whether any of it is their own work, and whose studios are behind it.

6,500+Games
60+Studios
In-house gamesLive casinoTournamentsDemo / free-play
Game types
SlotsLive DealerTableInstants
In-house studios
ELK StudiosLightning BoxAuthentic GamingPlayzido
Jackpots
Network

From content only, to an operator-configurable platform engine, to a cross-operator network.

Beyond casino

Sportsbook & verticals

A vendor's lineup often mixes its own builds with other companies' products plugged in. When the sportsbook is third party, a second company stands behind your contract.

Sportsbook
No
Other verticals
EsportsNoVirtual sportsNoPokerNo
Cashier

Payments & cashier

A platform comes with its own cashier. Whatever PSPs are already wired in can be switched on without a new integration project.

Method types
CardsE-walletsBank transferLocal methods
Payment orchestrationCrypto accepted40+PSPs
At a glance

Crypto & risk maturity

Crypto support and risk controls are the two capabilities operators check first, so each carries its own grade.

Crypto support
None
Fiat on/off-ramp
Fraud & AML detection
KYC / AMLTransaction monitoringn/dRisk management
Track record

The history

Longevity in this industry usually comes with a change of owner somewhere in it.

Light & Wonder traces back to 1973 lottery roots that grew into Scientific Games. In 2022 the company renamed itself Light & Wonder, sold off its lottery and sports-betting businesses, and refocused on gaming: land-based machines, social casino (SciPlay), and iGaming. It is a public company with a sole ASX primary listing (LNW) after delisting from Nasdaq in November 2025.

6,500+Games on OpenGaming
60+Studio partners
36Regulated iGaming jurisdictions
$109BWagers processed on OGS
$337MiGaming segment revenue
$3.314BGroup revenue

Brands & clients on the platform

Golden NuggetBetMGMDraftKings

Corporate

Legal entity
Light & Wonder, Inc.
Countries served
36
Also known as
Scientific Games (former name)
Product lines
OpenGamingOpen Gaming System (OGS)PlayzidoPAMENGAGE AI
Acquisitions
  • ELK Studios
  • Lightning Box
  • Authentic Gaming
  • Playzido
Offices
AmericasEuropeAsia-Pacific

Leadership

Matt Wilson
President and Chief Executive Officer · since 2022

Milestones

  1. 1973

    Founded as the lottery business that became Scientific Games.

  2. 2021

    Acquired ELK Studios, Lightning Box, and Authentic Gaming to build in-house iGaming content.

  3. 2022

    Renamed Light & Wonder, divested lottery and sports betting, and acquired Playzido's RGS.

  4. 2024

    Signed a Konami US aggregation deal for OpenGaming. ENGAGE AI won Product Innovation of the Year at GGA America.

  5. 2025

    Record iGaming year: $337M segment revenue and $109B in wagers processed. Moved to a sole ASX primary listing.

  6. 2026

    Live from day one when Alberta opened its commercial iGaming market on July 13, after launching on Play Alberta in February. OpenGaming set a quarterly record with $31.3B in wagers processed in Q2.

Where they're pushing next

  • United States (all seven regulated iGaming states)
  • United Kingdom (UKGC)
  • Canada (Ontario, Alberta, BCLC)

Awards & recognition

Product Innovation of the Year (ENGAGE AI), Global Gaming Awards America
win2024
Slot Collaboration of the Year (Squid Game, L&W / Netflix), CasinoBeats Game Developer Awards
win2024
Best Productivity-Enhancement Technology (ENGAGE AI), GGB Gaming & Technology Awards (Silver)
shortlist2024
The company

Longevity and ownership

Switching vendors is expensive, which makes the company's staying power part of the purchase. What the contract says about your data decides how expensive an exit gets.

53 yrsTrack record
How it stacks up

Light & Wonder vs alternatives

Most buyers in this market shortlist three or four vendors long before they take a single sales call.

AttributeLight & WonderPlaytechEveryMatrix
Founded197319992008
Team6,500+7,900+1,500+
Games6,500+1,000+45,000+
Game studios60+—355+
In-house studioYesYesYes
Payment methods—1,000+300+
SportsbookNoYesYes
CryptoNoNoYes
LicensesUKGC, MGA, US-NJ +14UKGC, MGA, Gibraltar +2MGA, UKGC, Romania +16
US marketAvailableAvailableAvailable
PricingOn requestOn requestOn request
Commercials

Pricing & terms

Light & Wonder quotes pricing per project. Here's how the model and the terms are structured.

B2B content and aggregation

Demo / sandbox available

Turnkey

ModelOn request
Setup feeOn request
Request commercials
Working with them

Support & account management

You can't demo service before you sign, so what a vendor puts in writing is the only floor you can hold it to.

24/7 supportDedicated account managerB2B supportMulti-language
Channels
EmailLive chatPhone