The company said on Monday that Michael Marchetti will be joining the Light & Wonder (L&W) board.
 Marchetti, who has worked for Electronic Arts and Buffalo Studios in the past, will join the L&W board on January 15.  At the company's annual meeting, he will then run for re-election.

 Marchetti had been a director of SciPlay Corporation since 2019.  In October 2023, L&W finished buying the last shares of SciPlay Corporation.  It paid more than $420 million (£329.8 million/€383.8 million) for the 17% stake.

 In October 2023, L&W bought the last of Sciplay's shares.
 Jamie Odell, the executive chair of L&W, said, "We are happy to have Michael join the Light & Wonder Board as a new independent director."

 "Michael has a lot of experience with mobile games and a strong financial background that will help us keep getting the most value for our shareholders."

 "I'm excited to join the Light & Wonder Board right now," Marchetti stated.  Light & Wonder is in a strong position, and I'm excited to use my knowledge and love for the business, along with my colleagues directors, to give the shareholders of this excellent company value.

 Light & Wonder: Record increase in Q3  SciPlay's performance: L&W's record Q3 results were mostly due to SciPlay's continued strong growth.

 Light & Wonder's gain in Q3 was mostly due to SciPlay's gaming revenue.
 Its Q3 results revealed a 128% jump in revenue to $731 million, thanks to record-breaking sales in the SciPlay and igaming companies.

 The division's sales rose 14.6% to a record $196 million, and the igaming revenue rose 20.7% to an all-time high of $70 million.

 The company's operating costs were also lower, and with revenue increase, net profit reached $75 million.  In the third quarter, consolidated adjusted EBITDA went up 21.7% to $286 million.

 Marchetti's appointment  the most recent change at Light & Wonder
 Marchetti's hiring comes after Oliver Chow was made L&W's permanent chief financial officer in December.  This came after a short time in the post.

 leaves the board
 In December, Oliver Chow was designated the permanent chief financial officer of Light & Wonder.
 Chow came in for Connie James in August 2023, when she left to look for other work.

 He was also became an executive vice president of L&W when he was given a permanent job.  He started working for the company in October 2022 after five years at Aristocrat.

 Chow previously worked in finance for Universal Pictures, Deluxe Entertainment Services, and JPMorgan & Chase earlier in his career.