BUZZ-Light & Wonder's ASX-listed shares plunge more than 24% after legal blow

Reuters
24 Sep 2024

** Light & Wonder's Australia-listed shares plunge as much as 24.4% to A$124.62, lowest since Feb. 6

** Stock on track for its worst day ever

** U.S-based gaming co gets preliminary injunction order from U.S. District Court of Nevada for its Dragon Train game after rival Aristocrat Leisure's unit filed an intellectual property infringement claim

** Stock biggest loser on benchmark ASX 200 index , which is down 0.3%

** More than 260,000 shares traded, 2.4x the 30-day avg

** LNW up 15.5% YTD, while AXJO loses 7.1%

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10