
Light & Wonder backs FY25 adjusted EBITDA view $1.4B
Light & Wonder hosted its investor day on May 20 in New York City. The company is targeting to achieve consolidated adjusted EBITDA of $2B and doubling of 2024 adjusted EPS per share, by 2028 to over $10.55. President and CEO Matt Wilson stated, 'We value the investment community's involvement in our 2025 Investor Day and their ongoing support of Light & Wonder as the leading cross-platform global games company. The presentation reflected Light & Wonder's major achievements over the past three years, offered insights into our strategic roadmap through 2028, and highlighted the strength of our diverse portfolio, and the quality of our team,' said President and CEO Matt Wilson. 'Our success is grounded in our financial discipline and culture of efficiency and excellence, which have enabled us to create a more agile business and drive margin expansion and profitability. Supported by the strength of our diverse portfolio, our financial profile and our team, we will continue advancing our proven omni-channel strategy with a focus on building industry leading games to deliver on our 2028 financial targets of Consolidated AEBITDA of $2.0 billion and doubling of Adjusted NPATA per share(1) to over $10.55, to create substantial value for our shareholders.'

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Fast Company
20 hours ago
- Fast Company
Wonder, Marc Lore's food tech startup, is planning to go public in early 2028
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Yahoo
2 days ago
- Yahoo
Streaking Nitrogen Could Achieve Millionaire Status In Saturday's Wonder Again
Streaking Nitrogen Could Achieve Millionaire Status In Saturday's Wonder Again originally appeared on Paulick Report. D.J. Stable's Kentucky homebred Nitrogen will chase millionaire status when she brings a four-race win streak into Saturday's Grade 2, $300,000 Wonder Again, a 1 1/16-mile inner turf test for sophomore fillies on Belmont Stakes Day, at Saratoga Race Course in Saratoga Springs, N.Y. Trained by Hall of Famer Mark Casse, the Medaglia d'Oro bay has found a new level this year with four wins in as many starts while running her bankroll to $981,604 through a 7-4-1-2 ledger. She graduated in style in the Listed Ginger Brew in January at Gulfstream Park and added the Grade 3 Florida Oaks in March at Tampa Bay Downs, the Grade 2 Appalachian in April at Keeneland and the Grade 2 Edgewood on May 2 at Churchill Downs. Advertisement Last out, she drew off to win by 3 1/2-lengths in the 1 1/16-mile Edgewood under returning pilot Jose Ortiz with an explosive turn-of-foot when asked. 'She's beautiful. She's big and tall. She's never been much of a workhorse so if you watched her work, you would think she was just average, but when she runs, she explodes when Jose asks her the question,' Casse said. Casse noted that Ortiz believes Nitrogen, who will exit post 6 carrying a co-field high 123 pounds, has won with plenty in the tank. 'It would appear that way. Jose certainly feels that way,' Casse said. Although she exited her 2-year-old campaign a maiden after three attempts, she demonstrated her abundant class with a three-quarter length third in the Grade 1 Natalma in September at Woodbine before closing from 12th-of-14 to finish a close third in the Grade 1 Breeders' Cup Juvenile Fillies Turf in November at Del Mar. Casse indicated that a good result on Saturday would propel Nitrogen to the nine-furlong Grade 1, $500,000 Belmont Oaks Invitational on July 5 during the four-day July 4 Racing Festival at Saratoga. Nitrogen, a half-sister to multiple graded stakes-placed Love to Shop, is out of the stakes-placed Uncle Mo mare Tiffany Case – a half-sister to graded stakes-winner Talk Veuve to Me. Casse also sends out Bessie Abott [post 3, Dylan Davis, 118 pounds], a half-sister to multiple graded stakes-placed Spirit And Glory, who was second to returning rival Al Jafara in her stateside debut in a Keeneland allowance for owners Gary Barber and Team Valor International. Newstead Stables' Laurelin [post 8, Kendrick Carmouche, 120 pounds], an Irish-bred chestnut daughter of Zarak, is undefeated in three starts for trainer Graham Motion. Laurelin has notched all three of her victories with recent recipient of the George Woolf Memorial Jockey Award Kendrick Carmouche at the helm at Aqueduct Racetrack, scoring on debut in October traveling 1 1/16-miles. She followed with a victory in the Tepin in November by a half-length over New York-bred Five G, who subsequently won the Cash Run at Gulfstream and later the Grade 2 Gulfstream Park Oaks. Last out, in her April 27 seasonal debut, Laurelin posted a game neck victory over pacesetting returning rival Opulent Restraint in the one-mile Listed Memories of Silver with another returning rival, Virgin Colada, in third. There, she stalked Opulent Restraint through splits of 23.11, 48.60 and 1:14.05. Into the final turn, Carmouche tipped Laurelin to the outside of Opulent Restraint as a retreating Burner Account drifted in and caused Italian Soiree to steady and bump with the favored Virgin Colada, who had her rally from last stymied. Opulent Restraint dug in along the rail inside the eighth pole, but Laurelin would not be denied the narrow score in a final time of 1:38.68. 'You can't fault her record, that's for sure. She's done nothing wrong and impressed me every time she's run—particularly last time,' Motion said. 'We have liked her a lot since the day she came to us and she has always been professional. I don't think I've been surprised by any of her races.' Bred in Ireland by M.H. Dixon and Mount Coote Estates, Laurelin was a $169,488 purchase from Book 1 of the 2023 Goffs Orby Yearling Sale and is out of the winning Cape Cross mare Bari, making her a half-sister to Irish stakes-winner Maude Gonne Spirit. Advertisement Five-time Eclipse Award-winning trainer Chad Brown will send out a formidable trio in Opulent Restraint [post 5, Irad Ortiz, Jr., 120 pounds], Virgin Colada [post 4, Joel Rosario, 118 pounds] and Al Jafara [post 1, Flavien Prat, 118 pounds] as he looks for a record-extending seventh win in this event following past success with Lady Eli [2015], New Money Honey [2017], Cambier Parc [2019], Consumer Spending [2022], Prerequisite [2023] and Segesta [2024]. Stephanie Seymour Brant's Opulent Restraint, by Dubawi, captured the Listed Chelsey Flower by a nose traveling 1 1/16-miles in October at Belmont at the Big A. She was a 5 1/4-length fourth to Nitrogen in the Florida Oaks in her seasonal debut ahead of her game Memories of Silver try. 'A nice filly. Headstrong, but solid,' Brown said, as he pursues a fourth consecutive Wonder Again. Opulent Restraint is out of the multiple graded stakes-winning dam Significant Form was second in this event in 2018 for the same connections. Resolute Racing's Virgin Colada, by More Than Ready, graduated at first asking in July at the Spa with a rallying half-length score. She was subsequently second in both the Listed P. G. Johnson at Saratoga and Grade 2 Miss Grillo at Belmont at the Big A before a troubled off-the-board effort in the Grade 1 Breeders' Cup Juvenile Fillies Turf in November at Del Mar. She will look to get a clean run after traffic trouble last out in her seasonal debut in the Memories of Silver. 'She had a lot of trouble turning for home,' Brown said. Madaket Stables, Michael Dubb and Richard Schermerhorn's Al Jafara was a stylish winner of her stateside debut, closing from last-of-12 and seven lengths off the pace to win the aforementioned 1 1/16-mile allowance on April 12 over good Keeneland turf by 1 3/4-lengths over returning rival Bessie Abott. 'She was kind of a little further behind than I thought she would be, but she sure kicked on Keeneland's turf. Hopefully, she takes to the Saratoga turf,' Brown said. The Pinatubo chestnut made her first two starts in France for trainer Hedi Ghabri, including a maiden win at second asking in September traveling nine furlongs at Chantilly. The $270,611 purchase from the Arqana Saint-Cloud sale is out of the Fastnet Rock mare Predawn, a full-sister to Group 1-winner Qualify and Group 2-placed Shogun. KatieRich Stables' May Day Ready [post 2, Frankie Dettori, 123 pounds] won the Grade 2 Jessamine last year at Keeneland en route to a runner-up effort in the Grade 1 Breeders' Cup Juvenile Fillies Turf at Del Mar. Trained by Joe Lee, the Tapit bay completed her campaign with an off-the-board effort in the Group 1 Hanshin Juvenile Fillies at Kyoto in Japan. May Day Ready has worked steadily over the Keeneland dirt for her seasonal debut, including a half-mile breeze in 48.80 on May 25. The $325,000 purchase at the OBS Spring Sale of 2-Year-Olds in Training is out of the Group 3-winning More Than Ready mare Nemoralia, who was second in the 2015 Grade 1 Frizette and third in the 2015 Grade 1 Breeders' Cup Juvenile Fillies Turf. Advertisement A talented group also includes trainer Rusty Arnold's recent maiden winner Love You Anyway [post 7, Luis Saez, 118 pounds], a $450,000 Keeneland September Yearling Sale purchase for Bregman Family Racing out of the Grade 3 winning Quality Road mare Princess La Quinta. The Wonder Again is slated as Race 6 on Saturday's 14-race card, headlined by the Grade 1 Belmont Stakes presented by NYRA Bets in Race 13. Other Grade 1 action includes the Hill 'n' Dale Metropolitan Handicap [Race 8] – a 'Win and You're In' for the Breeders' Cup Dirt Mile; the Jaipur [Race 9], a 'Win and You're In' for the Breeders' Cup Turf Sprint; the Woody Stephens presented by Mohegan Sun [Race 11], and Resorts World Casino Manhattan [Race 12]. The stacked card adds the Grade 3 True North [Race 7] and the Grade 3 Pennine Ridge [Race 10]. First post is 10:45 a.m. and admission gates will open to the public at 9 a.m. This story was originally reported by Paulick Report on Jun 3, 2025, where it first appeared.