SYDNEY, Feb 26 (Reuters) - American gaming group Light &

Wonder ( LNW ) said on Wednesday it was considering a sole

Australian stock market listing in a deal that could benefit the

country's weak listings market.

Light & Wonder ( LNW ), listed on the Nasdaq with a $9 billion

market cap, said it had hired investment banks Jarden and

Goldman Sachs ( GS ) to work on a listing proposal.

The company trades Chess Depository Instruments (CDIs) on

the ASX through a secondary listing but said it was considering

a dual primary listing or a sole Australian listing.

It said about 30% of the company's shares were owned through

the ASX CDI listing.

The potential sole listing comes as Australian regulators

urge the country's stock exchange to streamline listing rules

that would help more companies become publicly-traded entities.

IPO volumes in Australia are languishing at near decade lows.

Light & Wonder ( LNW ) announced earlier this month it would pay

$1.05 billion for Grover Gaming's charitable gaming assets as

part of its U.S. business expansion.

The company's Australian-listed shares were up 4.4% on

Wednesday after it reported a 10% increase in full-year revenue

to $3.2 billion. The Australian shares are trading 20% higher

year to date, outpacing a 17.5% gain in its U.S stock.

Light & Wonder's ( LNW ) Chairman Jamie Odell said Australia had a

track record of backing global gaming companies and offered

"access to a deep and liquid market of sophisticated investors

and industry participants with a comprehensive understanding of

the gaming sector."