Brookfield Business Partners L.P. has completed the acquisition of Scientific Games’ global lottery services business[1]. The transaction allows Scientific Games to focus its attention on providing games, services and technology to the global lottery and lottery-administered sports betting markets. The company will continue to operate under the Scientific Games name, which was established in 1973. Metro Atlanta will continue to serve as the company’s global headquarters, and the entire executive leadership team will remain in place.
Pat McHugh, CEO Scientific Games, said: “This marks an exciting new chapter for Scientific Games, and positions the company to build on the record growth we achieved in 2021 across all parts of our lottery business.”
“Taking a long-term view of the business, Brookfield is committed to providing Scientific Games with the flexibility and agility necessary to expand our deep product portfolio to expand our deep product portfolio to meet the evolving needs of our customers and their beneficiaries.”
The sale of Scientific Games Corporation’s lottery business was announced in October 2021, and on March 1, 2022 its Gaming and iGaming business rebranded as Light & Wonder.
[1] The sale of certain international Lottery Business subsidiaries (Scientific Games International GmbH, and its two subsidiaries) is awaiting regulatory approval in Austria, which is expected to be obtained by the end of the second quarter of 2022, with the transaction to be completed promptly thereafter.
