Scientific Games Agrees to Sell its Lottery to Brookfield for $6B
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Scientific Games agrees to sell its lottery business to Brookfield for $6 billion.
Brookfield will buy Scientific Games' lottery business for $6 billion. The B2B company had piled up an $8.2 billion debt by June. Scientific Game also recently agreed to sell its sports betting brand OpenBet to Endeavor Group Holdings for $1. 2 billion, but the transaction is still subject to regulatory approval.
Scientific Games sold the lottery brand and is shifting its business towards iGaming content. The company's shares have gone up by 17.3% since June. Scientific Games has signed a 10-year contract to power the Vermont Lottery for the next decade. The B2B business expanded its agreements with the Golden Nugget Online Gaming and signed an iGambling content deal with White Hat Gaming’s USA subsidiary Whitehat Studios.
