A *Reuters* news report indicates that Brookfield Asset Management and Apollo Global Management have expressed interest in purchasing Scientific Games’ worldwide lottery operations. Although the firms involved have remained silent, insiders suggest the interest is genuine. Scientific Games has been exploring possibilities for its lottery unit for a while, such as a sale or an independent listing on the Australian stock market. That initial public offering was estimated to be valued at roughly $3 billion, but no final choices have been reached, and Scientific Games may yet opt to retain the division.
This all began earlier this year when Scientific Games declared it was investigating methods to decrease its debt, including possibly spinning off its lottery and sports wagering enterprises. They’ve already consented to sell their sports betting platform, OpenBet, to Endeavor Group Holdings for $1.2 billion, indicating they’re serious about reorganizing.
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