Light & Wonder confirms Nasdaq delisting in November

Light & Wonder has confirmed that it will delist from the Nasdaq stock exchange on 13 November ahead of switching its primary listing to the Australian Securities Exchange (ASX).

The gambling tech giant first mooted the move in February and then in August, when it said the switch would be completed before the end of November.

Light & Wonder provided notice to the Nasdaq to delist its common stock in October, while its Form 25 (with respect to common stock with the Securities and Exchange Commission (SEC)) will be submitted on 3 November.

Nasdaq is expected to suspend trading in common stock once trading closes on 12 November, then Light & Wonder’s delisting would become effective the following day.

Its share price on the Nasdaq was down 0.68% at $75.85 at the close of play on 23 October, the day of the delisting announcement.

Strategic focus for Light & Wonder

When confirming the news earlier in the year, Light & Wonder said the switch to ASX fit in with the group’s wider “strategic focus”. It stopped short of saying when exactly it would begin trading on the ASX.

“Consistent with our previous announcements, our decision to transition to a sole primary listing on the ASX reflects our strategic focus on aligning our capital markets presence with our long-term growth plans and shareholder base,” the company said in its Friday update.

“We are seeking to consolidate trading liquidity onto the ASX, a deep and liquid market that has a robust understanding of the gaming sector.”

Light & Wonder set for ASX top 50

The group has said transitioning to the ASX will help to consolidate liquidity in a market that has deep understanding of gaming. It added that the pivot could unlock greater shareholder value and align with its wider growth plans.

Since launching its secondary ASX listing in May 2023, equity traded on the exchange has accounted for approximately 37% of the company’s total equity.

In an update during its Q2 2025 results presentation, the group said sit market cap could go from circa AU$4.5 billion to AU$12.2 billion. It is also expected to ascend from circa #90 in the ASX 100 into the ASX 50 and into the index.

More light could be shed on the switch when Light & Wonder publishes its Q3 results on 5 November.