{"id":284,"date":"2024-06-28T23:30:05","date_gmt":"2024-06-28T20:30:05","guid":{"rendered":"https:\/\/spindimensionnodepositbonuscodes.icu\/2024\/06\/28\/light-wonder-adds-michael-maretti-to-board-of-directors\/"},"modified":"2024-06-28T23:30:05","modified_gmt":"2024-06-28T20:30:05","slug":"light-wonder-adds-michael-maretti-to-board-of-directors","status":"publish","type":"post","link":"https:\/\/spindimensionnodepositbonuscodes.icu\/2024\/06\/28\/light-wonder-adds-michael-maretti-to-board-of-directors\/","title":{"rendered":"Light &#038; Wonder Adds Michael Maretti to Board of Directors"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/s67WzKX9FFA\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Light &#038; Wonder (L&#038;W) declared on Monday that Michael Maretti has been added to the company&#8217;s board of directors.<\/p>\n<p>Maretti, who previously held positions at Electronic Arts and Buffalo Studios, will join the L&#038;W board on January 15th. He will then seek re-election at the company&#8217;s annual shareholder meeting.<\/p>\n<p>Maretti has been a director of SciPlay since 2019. L&#038;W completed the purchase of the remaining shares of SciPlay in October 2023. The company acquired a 17% stake for over $420 million (\u00a3329.8 million\/\u20ac383.8 million).<\/p>\n<p>Jamie Odell, Executive Chairman of L&#038;W, stated: &#8220;We are thrilled to welcome Michael to the Light &#038; Wonder board as a new independent director.<\/p>\n<p>&#8220;Michael brings a wealth of mobile gaming experience and a solid financial background that will help us continue to generate maximum value for shareholders.&#8221;<\/p>\n<p>Maretti said: &#8220;I am excited to join the Light &#038; Wonder board at this time. Light &#038; Wonder is in a strong position, and I look forward to collaborating with my colleagues to leverage my experience and passion for the business to create value for the shareholders of this great company.&#8221;<\/p>\n<p>Light &#038; Wonder: Third-quarter growth driven by record performance from SciPlay<br \/>\nL&#038;W&#8217;s record third-quarter results were largely driven by SciPlay&#8217;s continued robust growth. <\/p>\n<p>Light &#038; Wonder&#8217;s third-quarter income increased significantly by 128% to $731 million, fueled by exceptional performance from its SciPlay and online gambling divisions.<\/p>\n<p>SciPlay&#8217;s revenue climbed by 14.6% to a record-breaking $196 million, while online gambling revenue soared by 20.7% to a new peak of $70 million.<\/p>\n<p>Net profit reached $75 million as a result of revenue growth and reduced operating expenses. Adjusted earnings before interest, taxes, depreciation, and amortization for the third quarter climbed by 21.7% to $286 million.<\/p>\n<p>Marchetti&#8217;s appointment is among the recent changes at Light &#038; Wonder.<\/p>\n<p>Marchetti&#8217;s appointment follows the appointment of Oliver Chow as L&#038;W&#8217;s temporary chief financial officer. He previously held the position.<\/p>\n<p>Chow assumed the role in August 2023 after Connie James stepped down to pursue other endeavors.<\/p>\n<p>Chow&#8217;s official appointment also makes him executive vice president of L&#038;W. He joined the company in October 2022 after working for five years at Aristocrat.<\/p>\n<p>Chow previously held financial positions at Universal Pictures, Deluxe Entertainment Services, and JPMorgan Chase earlier in his career.<\/p>\n<p>Sign up for the online gambling newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Light &#038; Wonder (L&#038;W) declared on Monday that Michael Maretti has been added to the company&#8217;s board of directors. Maretti, who previously held positions at Electronic Arts and Buffalo Studios, will join the L&#038;W board on January 15th. He will then seek re-election at the company&#8217;s annual shareholder meeting. Maretti has been a director of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Light &amp; Wonder Adds Michael Maretti to Board<\/title>\n<meta name=\"description\" content=\"Michael Maretti, former Electronic Arts and Buffalo Studios executive, joins Light &amp; Wonder\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/spindimensionnodepositbonuscodes.icu\/2024\/06\/28\/light-wonder-adds-michael-maretti-to-board-of-directors\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Light &amp; Wonder Adds Michael Maretti to Board of Directors\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Michael Maretti, former Electronic Arts and Buffalo Studios executive, joins Light &amp; Wonder\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/spindimensionnodepositbonuscodes.icu\/2024\/06\/28\/light-wonder-adds-michael-maretti-to-board-of-directors\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Discover the Best Online Casino Games | Licensed &amp; Trusted\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T20:30:05+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/spindimensionnodepositbonuscodes.icu\/2024\/06\/28\/light-wonder-adds-michael-maretti-to-board-of-directors\/\",\"url\":\"https:\/\/spindimensionnodepositbonuscodes.icu\/2024\/06\/28\/light-wonder-adds-michael-maretti-to-board-of-directors\/\",\"name\":\"Light & Wonder Adds Michael Maretti to Board\",\"isPartOf\":{\"@id\":\"https:\/\/spindimensionnodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-28T20:30:05+00:00\",\"dateModified\":\"2024-06-28T20:30:05+00:00\",\"author\":{\"@id\":\"https:\/\/spindimensionnodepositbonuscodes.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Michael Maretti, former Electronic Arts and Buffalo Studios executive, joins Light & Wonder\",\"breadcrumb\":{\"@id\":\"https:\/\/spindimensionnodepositbonuscodes.icu\/2024\/06\/28\/light-wonder-adds-michael-maretti-to-board-of-directors\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/spindimensionnodepositbonuscodes.icu\/2024\/06\/28\/light-wonder-adds-michael-maretti-to-board-of-directors\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/spindimensionnodepositbonuscodes.icu\/2024\/06\/28\/light-wonder-adds-michael-maretti-to-board-of-directors\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/spindimensionnodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Light &#038; Wonder Adds Michael Maretti to Board of Directors\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/spindimensionnodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/spindimensionnodepositbonuscodes.icu\/\",\"name\":\"Discover the Best Online Casino Games | Licensed &amp; Trusted\",\"description\":\"Explore the dynamic world of online gambling with our licensed casino. 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