Scientific Games Sells Lottery Business To Focus On Online Casino

Author: Live Casino Direct
 
Scientific Games Sells Lottery Business To Focus On Online Casino
BetOnline

Scientific Games Corporation is selling its lottery business for $6 billion to Brookfield Business Partners. The company will focus on online casino business.

Last month, Scientific Games sold its sports betting business, OpenBet, to Endeavor Group Holdings for $1.2 billion. It had indicated earlier this year that it planned to exit both those areas of business.

The sale of sports betting will transform the balance sheet and provide the financial flexibility to invest organically and inorganically.

Scientific Games sold its lottery business to focus on online casino.

Scientific Games Sells Lottery Business To Focus On Online Casino.

By 2022, about 130 government and non-government lottery entities in more than 50 countries will be working with Brookfield. Brookfeld gets $6.05 billion in cash and an earn-out of up to $225 million.

Connecticut launched its online casino and sportsbook marketplace on October 19. Scientific Games sells its lottery business to focus on online casinos.

Lottery business is the market leader in instant games. It provides a suite of turn-key solutions covering the entire lottery ecosystem.

Scientific Games sold its lottery business to focus on online casino. The company will remain headquartered in Atlanta.

Brookfield's support will help expand the product portfolio and maximize lottery beneficiary proceeds.

Scientific Games sold its lottery business to focus on online casino business. It plans to showcase its products at the 2021 Global Gaming Expo.

Scientific Games sold its lottery business to focus on online casino. The company's OpenGaming platform features more than 4,400 gaming titles. It was developed by Playtech, which was acquired by Aristocrat Leisure for $2.9 billion.

“We’re progressing rapidly in our strategy and our vision to become the leading cross-platform global game company.

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