<SEC-DOCUMENT>0000950157-23-000924.txt : 20230901
<SEC-HEADER>0000950157-23-000924.hdr.sgml : 20230901
<ACCEPTANCE-DATETIME>20230901183227
ACCESSION NUMBER:		0000950157-23-000924
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20230825
FILED AS OF DATE:		20230901
DATE AS OF CHANGE:		20230901

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Chow Oliver
		CENTRAL INDEX KEY:			0001991805

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11693
		FILM NUMBER:		231233649

	MAIL ADDRESS:	
		STREET 1:		LIGHT & WONDER, INC.
		STREET 2:		6601 BERMUDA ROAD
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89119

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Light & Wonder, Inc.
		CENTRAL INDEX KEY:			0000750004
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
		IRS NUMBER:				810422894
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		6601 BERMUDA ROAD
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89119
		BUSINESS PHONE:		7028977150

	MAIL ADDRESS:	
		STREET 1:		6601 BERMUDA ROAD
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89119

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SCIENTIFIC GAMES CORP
		DATE OF NAME CHANGE:	20010427

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AUTOTOTE CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNITED TOTE INC
		DATE OF NAME CHANGE:	19920317
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
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<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2023-08-25</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000750004</issuerCik>
        <issuerName>Light &amp; Wonder, Inc.</issuerName>
        <issuerTradingSymbol>LNW</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001991805</rptOwnerCik>
            <rptOwnerName>Chow Oliver</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O LIGHT &amp; WONDER, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>6601 BERMUDA ROAD</rptOwnerStreet2>
            <rptOwnerCity>LAS VEGAS</rptOwnerCity>
            <rptOwnerState>NV</rptOwnerState>
            <rptOwnerZipCode>89119</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOfficer>true</isOfficer>
            <officerTitle>Interim CFO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Restricted Stock Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>3397</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Restricted Stock Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2623</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
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        </derivativeHolding>
        <derivativeHolding>
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                <value>Restricted Stock Units</value>
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            <expirationDate>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
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                <underlyingSecurityShares>
                    <value>2131</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
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                    <value>D</value>
                </directOrIndirectOwnership>
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        <derivativeHolding>
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                <value>Restricted Stock Units</value>
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            <expirationDate>
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            <underlyingSecurity>
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                    <value>Common Stock</value>
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                <underlyingSecurityShares>
                    <value>1065</value>
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            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
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        <derivativeHolding>
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            <ownershipNature>
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                    <value>D</value>
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    <footnotes>
        <footnote id="F1">The restricted stock units (&quot;RSUs&quot;) are scheduled to vest on November 14, 2023 (1,132 shares), November 14, 2024 (1,132 shares) and November 14, 2025 (1,133 shares). Each unit converts into a share of common stock on a one-for-one basis.</footnote>
        <footnote id="F2">The RSUs are scheduled to vest on November 14, 2023 (874 shares), November 14, 2024 (874 shares) and November 14, 2025 (875 shares). Each unit converts into a share of common stock on a one-for-one basis.</footnote>
        <footnote id="F3">The RSUs are scheduled to vest on March 20, 2024 (710 shares), March 20, 2025 (710 shares) and March 20, 2026 (711 shares). Each unit converts into a share of common stock on a one-for-one basis.</footnote>
        <footnote id="F4">The RSUs are scheduled to cliff vest on March 20, 2026, subject to the achievement of a performance condition. Each unit converts into a share of common stock on a one-for-one basis.</footnote>
        <footnote id="F5">The RSUs are scheduled to cliff vest on March 20, 2026, subject to the achievement of a performance condition. Each unit converts into a share of common stock on a one-for-one basis.</footnote>
    </footnotes>

    <remarks>Exhibit 24 - Power of attorney</remarks>

    <ownerSignature>
        <signatureName>/s/ James Sottile, attorney-in-fact for Oliver Chow</signatureName>
        <signatureDate>2023-09-01</signatureDate>
    </ownerSignature>
</ownershipDocument>
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<TYPE>EX-24
<SEQUENCE>2
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<DESCRIPTION>POWER OF ATTORNEY
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    <div style="text-align: right; font-weight: bold;">Exhibit 24</div>
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    <div style="text-align: center; font-weight: bold;">POWER OF</div>
    <div style="text-align: center; font-weight: bold;"><u>ATTORNEY</u></div>
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    <div style="text-align: justify; text-indent: 36pt;">KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and appoints each of James Sottile and Sweta Gabhawala, signing singly, the undersigned&#8217;s true and lawful attorneys-in-fact to:</div>
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            <div style="text-align: justify;">execute for and on behalf of the undersigned, in the undersigned&#8217;s capacity as an officer and/or director of Light &amp; Wonder, Inc. (the &#8220;Company&#8221;), Forms 3, 4 and 5 in accordance with Section 16(a) of the
              Securities Exchange Act of 1934 and the rules thereunder;</div>
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          <td style="width: 90%; vertical-align: top;">
            <div style="text-align: justify;">do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4 and 5, and any amendments thereto, and timely file such form
              or report with the Securities and Exchange Commission and any stock exchange or similar authority; and</div>
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            <div>3.</div>
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            <div style="text-align: justify;">take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the
              undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact
              may approve in such attorney-in-fact&#8217;s discretion.</div>
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    <div style="text-align: justify; text-indent: 36pt;">The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the
      exercise of any rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such
      attorney-in-fact, or such attorney-in-fact&#8217;s substitute or substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing
      attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned&#8217;s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.</div>
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    <div style="text-align: justify; text-indent: 36pt;">This Power of Attorney supersedes any Power of Attorney previously granted by the undersigned with respect to the foregoing matters and shall remain in full force and effect until the undersigned is
      no longer required to file Forms 3, 4 and 5 with respect to the undersigned&#8217;s holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing
      attorneys-in-fact.</div>
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    <div style="text-align: justify; text-indent: 30.05pt; margin-right: 5.65pt; margin-left: 5.95pt;">IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney on this 1<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">st</sup> day of September, 2023.</div>
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            <td valign="top" nowrap="nowrap" align="left" style="width: 35%; border-bottom: #000000 2px solid">/s/ Oliver Chow</td>
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