Tag Archives: Scientific Games Corporation (SGC)

Entain renews Light & Wonder contract for LBO gaming products

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 …

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Light & Wonder offloads SGC lottery unit to Brookfield Partners for $5.8bn

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. …

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Voxbet secures international investment to ‘drive international growth’

Sports betting software developer Voxbet has secured strategic funding from a number of international investors, led by Waterhouse VC CIO Tom Waterhouse and Tekkorp Capital CEO Matt Davey. The investments have been conducted via the two businessman’s respective firms, whilst Davey’s holding has leveraged the ‘expertise and experience’ of Robin Chhabra and Andy Clerkson, former executives at Fox Bet and …

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OpenBet cites ‘unbeatable performance’ at 2021 Melbourne Cup

Sports betting technology company OpenBet enjoyed a strong performance at this year’s Melbourne Cup, processing an average of 65,000 vets per minute on its platform. Describing its scalable platform technology as ‘pivotal’ in handling the betting activity ahead of the race, one of the most popular horse racing fixtures in the Australian sport, OpenBet provided its services to notable operators …

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Scientific Games confirms $6bn cash sale of lottery division

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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Investment firms reportedly circling Scientific Games’ lottery unit

Two international investment firms are reportedly interested in acquiring Scientific Games Corporation’s (SGC) lottery divisions, according to Bloomberg. Citing ‘people familiar with the matter’, the outlet reported that Brookfield Asset Management Inc.’s private equity arm and Apollo Global Management Inc are interested in purchasing the Nasdaq-registered igaming provider’s lottery unit. SGC disclosed that it would pursue a ‘strategic divestment’ of …

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SGC strengthens commitment to responsible gaming with AGA Education Week

Victor Blanco to join Scientific Games as new CTO

Scientific Games Corporation (SGC) has moved to reinforce its commitment to responsible gaming across its business operations by recognising the American Gaming Association (AGA) Responsible Gaming Education Week (RGWE). Taking place between 19-25, the AGA RGEW will see SGC focus particularly on its Lottery Group’s Healthy Play programme, with which the Nasdaq-listed company aims to provide tools and education promoting …

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Scientific Games acquires Sideplay Entertainment to bolster iLottery games suite

Victor Blanco to join Scientific Games as new CTO

Scientific Games has signed an agreement to acquire instant games studio Sideplay Entertainment, bolstering its games content and advancing the development of its iLottery platform. The Nasdaq technology group chose not to disclose financial terms of its agreement, in which it will acquire Sideplay’s full suite of +270 instant win games, boosting its services for the digital lotteries market. Sideplay …

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Former F1 team manager Eddie Jordan to lead $1bn bid for OpenBet

Eddie Jordan, the Irish businessman who made his name in Formula One management and analysis, is leading a $1 billion bid for Scientific Games’ OpenBet sports betting division, according to The Currency. The planned takeover was reportedly confirmed by former Australian Formula One racing driver Mark Webber in an Instagram post, describing the development as ‘a mega acquisition in gaming’. …

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