April 14, 2022
Entain has extended its contract with Light & Wonder (L&W) through to 2030, continuing to leverage the firm’s retail gaming solution and catalogue of titles. The contract renewal will see L&W provide Entain with 10,000 gaming terminals, which will be fitted across the international gambling group’s Ladbrokes and Coral high-street licenced betting office (LBO) retail outlets. Additionally, Entain will also …
Read More »April 5, 2022
Newly established, Light & Wonder the new business entity of Scientific Games Corporation (SGC) has accomplished a major corporate objective by completing the sale of its global lottery unit to private investment fund Brookfield Business Partners for $5.8 billion. Terms on a deal have been finalised, following negotiations between Light & Wonder and Brookfield Partners that began in October 2021. …
Read More »January 19, 2022
Scientific Games Corporation (SG) has received international certification for its responsible gambling operations by the World Lottery Association (WLA). Covering the five continents in which SG maintains a commercial presence, the Responsible Gaming Framework Certificate of Alignment accredits the firm’s lottery activities across both retail and digital products and services. The accreditation was secured by SG following an auditing process …
Read More »October 28, 2021
Scientific Games Corporation (SGC) has announced this morning that it will sell its SG Lottery unit to Brookfield Business Partners and its institutional partners for a total sum of $6.05 billion. The consideration will consist of $5.825 billion in cash and an earn-out of up to $225 million dependent on the achievement of specified EBITDA targets in 2022 and 2023. …
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