Light & Wonder, Inc. (LNW)

The reference supplier of live-dealer and online slot content to regulated online casinos, the exact market Light & Wonder's iGaming segment sells into.

Named first by Light & Wonder in its own 10-K, IGT sells and leases slot machines, casino management systems and online casino content to the same casino operators in North America and abroad; since Apollo combined it with Everi in July 2025 it is privately held and no longer listed.

The other giant of casino slot machines, competing with Light & Wonder for floor space in the same casinos and, through Product Madness and Big Fish Games, for the same social-casino players as SciPlay.

Its gaming division supplies slot machines and casino management systems to casinos in North America, Australia and Asia, the same two product lines and the same buyers as Light & Wonder's Gaming segment.

Privately held Austrian group that manufactures and leases gaming machines across Europe, Latin America and increasingly North America, competing for the same machine orders as Light & Wonder outside the United States.

Largest operator of free-to-play social casino apps, competing directly with Light & Wonder's SciPlay games for the same mobile players and the same in-app spending.