Published
OnlineLand-BasedMergers & Acquisitions

Light & Wonder acquires House Advantage assets

Light & Wonder has acquired all of the assets of House Advantage in a cash transaction.

lw ha

A loyalty and marketing software and technology provider, House Advantage was founded in 2004 and is based in Las Vegas and India. Its HALo platform provides an omnichannel loyalty and marketing solution by integrating and collecting data from multiple systems across land-based and digital channels.

In connection with the transaction, Light & Wonder has named House Advantage Founder and CEO John Wolfe as SVP and President, Global Systems and Services, while approximately 20 other House Advantage employees will become Light & Wonder employees.

Wolfe brings over 25 years of experience building business intelligence and customer information systems in the gaming and hospitality sectors and, as noted by Light & Wonder, has a “proven track record of driving significant growth and profitability by capitalising on industry tailwinds and building strong relationships with the largest operators in the gaming and hospitality industry.”

Light & Wonder Interim CEO Matt Wilson commented: “Loyalty is no longer just about a player’s card; it’s about the player journey across all touchpoints. By welcoming the HA team to L&W, we are strengthening our position and accelerating the transformation and growth of our systems business to drive greater value for our customers.

“The addition of HA’s industry-leading software and technology solutions allows us to capitalise on the growing convergence of digital and land-based gaming. With HALo, we gain a powerful omnichannel player loyalty solution that complements our current product family and enables us to deliver a truly differentiated offering.

“Further, HA adds stable, high-margin recurring revenue streams with significant growth potential to bolster cash flows for the benefit of all stakeholders.”

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
 
Premium
 
Premium
 
Premium
 
Premium Connections
Executive Profiles
Penn Entertainment
Flutter Entertainment
Barstool Sports
DraftKings
FanDuel

London calling

Gambling Insider looks ahead to the sixth Global Gaming Awar...

Innovating fantasy

StatHero CEO and Founder Jason Jaramillo speaks to the GI Hu...

The uncut pearl

In this issue, Gambling Insider looks at three of Asia’s m...

Singapore: Age of the VIP

Gambling Insider looks at the Asian nation's high prospects...

Read Magazine

25 November, 2022

Asia round-up: Emperor, ACMA, Malaysia & our top stories from the region this week

In today's Asia round-up, we look at news from Emperor Entertainment, ACMA, Malaysia and recap the biggest stories from the continent this week...