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    Justin Barrett

    Managing Director and Equity Analyst at CLSA

    Justin Barrett is a Managing Director and Equity Analyst at CLSA, specializing in coverage of the Chinese internet and technology sectors with a primary focus on companies such as Alibaba, JD.com, Meituan, and Tencent. Recognized for his deep industry knowledge, Barrett is highly ranked by investment platforms and has achieved notable outperformance in his sector, contributing to strong returns for investors with a consistent recommendation accuracy above industry averages. He began his career in equity research in the early 2000s, with prior experience at JPMorgan and Deutsche Bank before joining CLSA in 2015. Barrett holds multiple industry certifications, including FINRA Series 7 and Series 63 licenses, and has been recognized in Institutional Investor surveys for excellence in China internet coverage.

    Justin Barrett's questions to Light & Wonder (LNW) leadership

    Justin Barrett's questions to Light & Wonder (LNW) leadership • Q3 2024

    Question

    Justin Barrett asked about the importance of margin expansion in achieving the fiscal year 2025 target and questioned the risk of having to remove already sold Dragon Train units in Australia due to ongoing litigation.

    Answer

    President and CEO Matthew Wilson explained that margin stability and scaling are key to value creation, with gaming margins expected to remain steady and SciPlay margins benefiting from DTC growth. Regarding litigation, he stated that while the company doesn't comment on legal matters, the injunction is against Light & Wonder, not its customers, and they do not foresee an impact on customer-owned games.

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