Australian online casino games developer Lightning Box Games has reportedly announced that its revenues for the twelve months to the end of June increased by 57% year-on-year thanks to significant support from its new Light & Wonder Incorporated parent.
According to a report from Inside Asian Gaming, the Sydney-headquartered firm offers a portfolio of over 500 video slots and was purchased a year ago as part of an arrangement worth approximately $70 million by the American behemoth previously known as Scientific Games Corporation. The source detailed that the subordinate iGaming enterprise subsequently saw its annual aggregated revenues hit an all-time high buoyed by backing from its new Nasdaq-listed benefactor.
American adventure:
Established in 2004, Lightning Box Games reportedly disclosed that it has enjoyed considerable success in the embryonic iGaming markets of the United States and Canada with two of its titles currently being among the 20 most popular offered by its parent’s innovative OpenGaming platform. The company purportedly also explained that this online casino advance offers operators around the world an array of over 3,500 proprietary and third-party games with its own five-reel Lightning Shenlong video slot having consistently held down a top-ten spot.
Executive excitement:
Peter Causley serves as the Chief Executive Officer for Lightning Box Games and he reportedly divulged that the OpenGaming platform is secure and robust while additionally offering partners easy integration. The experienced boss purportedly went on to admit that even he was surprised at the speed with which his company’s games have become popular with the clientele of Light & Wonder Incorporated.
Reportedly read a statement from Causley…
“We knew that by joining Light & Wonder Incorporated we would be able to drive forward with our ambitious plans but, even given the huge global power of the company, the speed at which we have flourished has taken us aback. Our games continue to hit new heights of popularity around the world and we can’t wait to release new hits to penetrate the United States, Canadian and European markets even further.”
Approaching optimism:
For his part and the iGaming Chief Executive Officer for Light & Wonder Incorporated, Dylan Slaney, reportedly asserted that video slots from Lightning Box Games are currently live with more than 50 iGaming operators and that he is now looking forward to the developer ‘breaking more records’ over the course of the coming months and years.
A statement from Slaney reportedly read…
“The team at Lightning Box Games has a wealth of industry experience that it has put to great use in producing some fantastic content that really resonates with players who enjoy land-based titles. The numbers that have been produced in the first twelve months after the acquisition speak for themselves and prove it was the right decision to bring Lightning Box Games into the Light & Wonder Incorporated family.”