Light & Wonder's President and CEO, Matt Wilson, addresses recent developments

Light & Wonder, Inc. (ASX:LNW) has released a video statement from its President and Chief Executive Officer, Matt Wilson, regarding the ongoing litigation concerning Dragon Train. The company is actively working to comply with the judge's order and ensure the well-being of its customers. Additionally, it aims to achieve its 2025 Consolidated AEBITDA target of $1.4 billion and sustain growth in the subsequent years.

Executive commentary on the impact and future plans

Hello everyone, thanks for tuning in. With the recent developments going on around Dragon Train, we've spent some time listening to various stakeholders, and there's obviously a few questions that are still left on your minds. Transparently, we want to get this video out now. Next week is G2E, and we want to ensure that it is a true demonstration of the great things coming out of this organization. I'll go through a few areas we've been asked about, and key things that have come up. First, we are ensuring that our customers are taken care of as we comply with the judge's order. Second, ensuring that we deliver our 2025 Consolidated AEBITDA target of $1.4 Billion and sustainable growth in the years that follow.

Summary of the update and future outlook

Light & Wonder, Inc. has provided an update on the ongoing Dragon Train litigation, emphasizing its commitment to customer care and compliance with the judge's order. The company aims to achieve its 2025 Consolidated AEBITDA target of $1.4 billion and ensure sustainable growth in the subsequent years. Additionally, it plans to address the impact on the North American and Australian markets by converting leased units and offering alternative games to customers. Light & Wonder also intends to develop a future version (v2.0) of Dragon Train in compliance with the order and reaffirms its focus on share buyback as a significant value creation initiative for its shareholders. The company remains optimistic about its future and is set to present its ambitious roadmap at G2E, demonstrating its commitment to driving sustainable growth.