Light & Wonder’s SciPlay a drag on earnings, analyst says

Jefferies Equity Research analyst Kai Erman believes investors are broadly comfortable with igaming momentum continuing at Light & Wonder, according to a research note published Monday. However, two investor concerns voiced by the Erman were whether gambling revenue would speed up again and the degree of drag on Light & Wonder posed by its SciPlay social-casino unit. Erman allowed that some uncertainty surrounds SciPlay, but that it’s unlikely to be more of an impediment in 2027 than it was in 2026. Erman said that it was apt that SciPlay should be a central concern.