Light & Wonder CEO Siobhan Lane has outlined the company’s position following its decision to operate solely on the Australian Securities Exchange (ASX).
Lane, who became CEO of Gaming in March 2022 after two years as CCO, is overseeing the full transition.
The move comes after Light & Wonder’s delisting from Nasdaq and signals a shift toward operating under a single regulatory regime. Trading on Nasdaq was halted on 12 November, shortly after the mid-October announcement. Shares experienced a brief rise during the transition period before stabilising on 14 November.
Under Lane’s leadership, the company has implemented the complete ASX governance framework. Light & Wonder has moved from an ASX Foreign Exempt Listing to an ASX Standard Listing, bringing its corporate structure in line with the ASX Corporate Governance Council’s fourth-edition principles.
A restructured board of nine directors – six of whom are independent non-executives – has been formed, including a Lead Independent Director to coordinate board independence and executive oversight. Four key committees now oversee audit, compliance, governance, and compensation matters, supported by updated policies on disclosure, trading, conduct, and anti-bribery to ensure full ASX compliance.
Light & Wonder stated:
We’re excited to chart a new path forward on the ASX as a primary listed company. Kudos to the global team for your help in making this happen over the last few months!
The ASX is a premier market for global gaming companies and we believe this move will deliver long-term value to all shareholders.
Lane added:
Excited for the future of Light & Wonder as a primary listing on the ASX! A big thanks to our L&W teams across the globe for their relentless passion, focus on execution and teamwork.
