Fund managers including Endeavor Asset Management, L1 Capital, Ten Cap, Clime Investment Management, Cooper Investors, Bennelong Australian Equity Partners, Milford Asset Management, Blackwattle Investment Partners, Ausbil Investment Management, Oracle Advisory Group, Equity Trustees Asset Management, QVG Capital, Paradice Investment Management, Totus Capital, Perpetual Asset Management, SG Hiscock & Company, Ellerston Capital, TMS Capital, Pendal Group, Sage Capital, Pengana Capital Group, Quest Asset Partners, First Sentier Investors, Wilson Asset Management and Investors Mutual Limited have invested in Light & Wonder Inc CHESS (ASX:LNW).

Managers highlight an earnings beat, US consumer exposure, and a valuation that Totus and L1 consider attractive relative to its quality and growth, with L1 seeing a favourable outlook over two years.

Pendal noted softer revenue growth and outright sales, and SG Hiscock observed that rising bond yields hurt interest rate-sensitive stocks such as Light & Wonder. Litigation with Aristocrat over game intellectual property has also weighed on sentiment.

Light & Wonder, Inc. is a global cross-platform games company headquartered in Las Vegas, NV. Founded in 1984, the company operates through three core segments: Gaming, SciPlay, and iGaming. The Gaming segment designs, manufactures, and distributes gaming products. SciPlay develops and publishes mobile and web-based digital games. The iGaming segment provides digital content, distribution platforms, and player account management systems. These segments support the company's objective of delivering comprehensive gaming solutions across multiple market channels.