Light & Wonder shares to delist from the Nasdaq on 13 November
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The news: Dual-listed gambling company Light & Wonder has confirmed that it will delist from the Nasdaq on 13 November.
The context: The Las Vegas-based group said its last day of trading on the Nasdaq will be 12 November, with the stock delisting prior to the start of trading on 13 November.
Light & Wonder will consequently begin trading on the ASX on a sole primary basis on 14 November.
The company said the move to a sole ASX primary listing reflects its "strategic focus on aligning our capital markets presence with our long-term growth plans and shareholder base".
"We are seeking to consolidate trading liquidity onto the ASX, a deep and liquid market that has a robust understanding of the gaming sector," it said.
The source: ASX
