Scientific Games has reported that Brookfield Business Partners L.P. completed the acquisition of its global lottery services business.
As Scientific Games explains, the transaction allows them to focus their attention on providing games, services and technology to the global lottery and lottery-administered sports betting markets.
The company will continue to operate under the Scientific Games name, which was established in 1973. Metro Atlanta will continue to serve as the company's global headquarters, and the entire executive leadership team will remain in place.
Pat McHugh, CEO of Scientific Games, underlines that this is a new chapter "and positions the company to build on the record growth we achieved in 2021 across all parts of our lottery business".
And, he adds, that Brookfield "is committed to providing Scientific Games with the flexibility and agility necessary to expand our deep product portfolio to expand our deep product portfolio to meet the evolving needs of our customers and their beneficiaries."
We should mention that Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services to both the public and private sectors. Established in 1899, Brookfield is one of the world's most successful investment companies with more than $690 billion in assets under management.
It is worth remembering that the sale of Scientific Games Corporation's lottery business was announced in October 2021, and on March 1, 2022 its gaming and iGaming business was renamed Light & Wonder.
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