#Brookfield Business Partners

Vegas Slots Online

Netflix and Light & Wonder Will Launch a Squid Game Slot

Netflix is partnering with Light & Wonder to launch a slot machine game based on its popular Squid Game series. [Image: Shutterstock.com] Gaming supplier Light & Wonder is partnering with Netflix to launch a new slot machine based on the streaming service's popular Squid Game, a South Korean survival drama. Squid Game is expected to hit casino…

Industry ・ 13 October 2023

USA Tales

The biggest deals in the iGaming industry at the end of 2022

The interactive gaming industry is growing and the capitalization of this sector has increased significantly over the past few years. If previously many were sure that online gambling would not exceed the sphere of land-based casinos in terms of capitalization, today everything is going exactly to that. The COVID-19 pandemic, which made online…

Industry ・ 11 January 2023

Review Journal

Gaming equipment manufacturers riding same growth wave as casinos

As the casino industry continues to show resilience in its rebound from the pandemic, so too is the gaming equipment manufacturing sector. No company may be showing more resiliency than Las Vegas-based Light &Wonder Inc., formerly Scientific Games Corp. In the past 18 months, the company has changed its name, strategic vision, board of directors,…

Industry ・ 03 December 2022

Casino Guru

Loto-Québec expands Scientific Games partnership for lottery

Scientific Games and Loto-Québec have been together for the past 50 years, and the companies are committing to another five years. Since the launch of the lottery and Scientific Games' choice of partner, the latter has been able to develop 4500 instant games for the lottery, making sure that it remains competitive and players - satisfied. The new…

Lottery ・ 21 July 2022

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Vegas Inc

Scientific Games’ lottery playbook succeeded, then spread

The growth of the lottery business nationwide was inspired in large part by the lobbying innovations of a single multinational gambling company, Scientific Games Holdings LP. A 1986 memo from Scientific Games co-founder and then-Chairman John R. Koza described a "draft version of our new model state lottery law which we distribute widely each year…

Lottery ・ 13 July 2022

Review Journal

Light and Wonder cites balance sheet improvement via lottery division sale

Light & Wonder used the sale of its lottery business division to pay down debt and grow its other operating segments, the company said on an earnings call Tuesday. Light & Wonder reported a net loss of $67 million, 72 cents a share, on revenue of $572 million for the quarter that ended March 31. In the same quarter in 2021, the company - then known…

Lottery ・ 11 May 2022

The Nevada Independent

Indy Gaming: Aristocrat Americas president sees convergence with online and casinos

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Tom O'Brien returned to Aristocrat…

Sports ・ 06 April 2022

Yogonet

Scientific Games' lottery services business sold to Canadian asset manager Brookfield

Investment company Brookfield Business Partners has completed its acquisition of Scientific Games' -now doing business as Light & Wonder- global lottery services business, the parties announced on Monday. The gaming business celebrated the closure of the transaction, which was valued at $6 billion. The company says it is entering its "next era"…

Lottery ・ 05 April 2022

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Scientific Games rebrands as 'Light & Wonder' amid focus shift towards digital casino gaming

Scientific Games Corporation on Tuesday confirmed it will now do business as Light & Wonder, Inc. , a company that will focus on creating new games and omnichannel player experiences. The rebranding celebration was attended by Nevada Governor Steve Sisolak. The move comes after Scientific Games sold its lottery and sports betting businesses and…

Lottery ・ 03 March 2022

Yogonet

Scientific Games becomes Light & Wonder amid focus shift towards digital casino gaming

Scientific Games Corporation on Tuesday confirmed it will now do business as Light & Wonder, Inc. , a company that will focus on creating new games and omnichannel player experiences. The rebranding celebration was attended by Nevada Governor Steve Sisolak. The move comes after Scientific Games sold its lottery and sports betting businesses and…

Lottery ・ 02 March 2022

Casino News Daily

Scientific Games has announced the sale of its lottery business to Canada’s Brookfield Partners

Scientific Games Corporation (NASDAQ: SGMS) announced on Thursday the sale of its lucrative lottery business to Canada's Brookfield Business Partners L.P. in a definitive agreement valued at $6.05 billion; a mostly cash sale. The worldwide lottery giant said the deal is expected to be consummated in the second quarter of 2022. Brookfield is a…

Lottery ・ 15 January 2022

Online Poker Report

Scientific Games Adds ELK Studios To Its Growing Content Portfolio

Leaders at Scientific Games Corporation (SG) are moving forward on the Las Vegas -based gambling product and services provider's plans to bulk up the company's iGaming offerings. To that end, SG recently acquired ELK Studios, a Swedish games developer; signed an exclusive deal with Playzido, a UK-headquartered B2B games platform provider;…

Lottery ・ 10 December 2021

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Sci Games buys Authentic Gaming, enters ‘live casino’ market

Casino equipment and online games provider Scientific Games Corp has announced the acquisition of Malta-based Authentic Gaming Ltd, a provider of live casino products for the iGaming space. The terms of the deal were not disclosed in a Wednesday press release. The acquisition marks Scientific Games' first foray into the live casino market, and…

Live Gambling ・ 03 December 2021

iGaming Business

Scientific Games completes acquisition of Elk Studios

The gaming solutions giant now will look to roll out Elk's content in the North American market, as well as continuing to strengthen its position in the UK and Europe. Terms of the deal have not been disclosed. Based in Stockholm, Sweden, Elk specialises in mobile games, and has launched titles such as Wild Toro II, Katmandu and Cygnus. It has also…

Industry ・ 01 December 2021

Yogonet

One Toronto Gaming hosting career fair for Pickering Casino and Ajax Casino

It is the operator's second career fair this year, following an earlier one in August to staff the recently-opened Pickering venue. The new career fair sees more than 300 positions available, including table game dealers, executive hosts, facilities supervisors, more. One Toronto Gaming, a partnership formed by Great Canadian Gaming…

Covid ・ 14 November 2021

GGRAsia

Sci Games 3Q net income up y-o-y helped by gaming biz

Casino equipment and online games provider Scientific Games Corp said on Tuesday its third-quarter net income was US$182 million, compared to a US$117-million net loss in the prior-year period. Net income was also up sequentially by 67.0 percent. The figure included contributions from the company's continuing operations as well as from discontinued…

Sports ・ 10 November 2021

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Scientific Games enters European live casino market, plans US expansion with Authentic Gaming acquisition

Scientific Games Corporation has made its first move into the live casino space following the acquisition of live casino games supplier Authentic Gaming. The acquisition comes just a week after Scientific Games announced it had sold its lottery business to US asset management firm Brookfield Business Partners LP for US$6.05 billion, part of the…

Live Gambling ・ 07 November 2021

World Casino News

Authentic Gaming joins Scientific Games via live casino asset

In keeping with its global expansion ambitions, Las vegas-based gambling company Scientific Games Corporation (NASDAQ: SGMS) has made its move into the live casino vertical through the acquisition of Authentic Gaming. The investment bolsters Scientific Games' in-house development capabilities to build live casino products, particularily for the…

Live Gambling ・ 03 November 2021

Online Poker Report

Scientific Games Acquires Live Dealer Company Authentic Gaming

Scientific Games recently found buyers for the sports betting and lottery arms of its business. Its plan in selling them off was to focus more on iGaming, so we expected to see some online casino-related announcements in the near future. As it turns out, we didn't have to wait long. The company announced today that it has acquired Authentic…

Live Gambling ・ 03 November 2021

Review Journal

Scientific Games selling lottery business for $6.05B

Las Vegas-based Scientific Games Corp. is selling its lottery business to a private equity firm based in New York that specializes in acquisitions, the company reported Wednesday. Brookfield Business Partners LP, which operates as a subsidiary of Brookfield Asset Management Inc., and has operations in Hamilton, Bermuda, is paying $6.05 billion for…

Lottery ・ 30 October 2021

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Scientific Games Sells Lottery Business To Focus On Online Casino

Even as the iGaming market seems to become more complex, with a constant influx of operators and content providers, Scientific Games Corporation (SG) is working to make its business simpler. To that end, the Las Vegas -based company announced yesterday that it reached an agreement to sell its lottery business for more than $6 billion to Brookfield…

Lottery ・ 28 October 2021

Reuters

Canada's Brookfield to buy Scientific Games' lottery business for $6.05 billion

Lottery ・ 28 October 2021

Toronto Star

Pickering gaming hall breached casino limit deal with province: Scugog Island First Nation

The Ontario government has breached an agreement that limited the number of gaming halls in Durham, leading to Monday's opening of a "mega-casino" in Pickering, says the Scugog Island First Nation. With the Pickering Casino Resort opening its doors to gambling enthusiasts on July 26, the Mississaugas of Scugog Island First Nation continued to voice…

Travel ・ 28 July 2021

Casino Reports

Tribal Nation Opposes New Pickering Casino Resort

Pickering Casino Resort is one of the hot topics over the past couple of years, but especially so within the last days, as its first phase was recently greenlighted. The casino resort welcomed its first gaming patrons over the weekend, but it also managed to stir the pot with its launch. The Mississaugas of Scugog Island has once again expressed…

Travel ・ 27 July 2021