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 …
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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. …
Read More »Scientific Games returns to profitable trading as unit sell-off looms
Scientific Games Corporation (SGC) pointed to positive group-wide commercial gains, as the firm accelerates plans to divest the technology group’s lottery and sports betting units disclosed during the quarter. Publishing its Q2 trading results, SGC registered consolidated group revenues of $880 million, up 63% on corresponding Q2 2019 results of $539 million. Period growth was primarily attributed to the …
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