ASX shares of Light & Wonder drop after US court rules in competitor's favour

Light & Wonder

20/10/2025 03:54

** Australia-listed shares of Light & Wonder LNW.AX LNW.O fall as much as 5.8% to A$110.28, its biggest intraday pct loss since August 6
** Gaming co says Nevada court granted peer Aristocrat Leisure ALL.AX renewed motion to obtain discovery of math models for certain co's hold and spin games released since 2021
** Co says no evidence of Aristocrat math being used in any commercially released games other than Dragon Train and Jewel of the Dragon
** YTD, LNW.AX shares down 17%

** Meanwhile, ALL down 0.6% to add to YTD loss of 5.9%

** 14 analysts rate LNW.AX shares 'buy' on avg, median PT A$179; ALL rated 'buy' on avg, median PT A$72.50 - LSEG-compiled data

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))