- Scientific Games Corp. a maker of casino slot machines, has attracted takeover interest for its global lotteries business from Brookfield Asset Management Inc. s private equity arm and Apollo Global Management Inc. according to people familiar with the matter.
None The Top Money Maker at Deutsche Bank Reaps Billions From Singapore.
None of Google s Biggest Moonshot Is Its Search for a Carbon-Free Future?
None Beef Industry Tries to Erase Its Emissions With Fuzzy Methane Math.
Scientific Games has been in discussions with private equity firms about a potential sale of the lotteries unit, said the people, who asked not to be identified because the information was private. The Las Vegas-based company is also considering a stock listing in Australia, Bloomberg News reported this week.
The division could have a value of up to $7.5 billion, including debt, in an initial public offering, one of the people said. It s unclear how much private equity firms are bidding. A final decision on a sale hasn t been made and Scientific Games could still decide to keep the unit, the people said.
Representatives for Scientific Games, Brookfield and Apollo declined to comment.
In a June statement, Scientific Games said it was exploring divesting its lotteries and sports betting units via a merger with a strategic acquisition company, a sale or a sale with another business, as part of a process to rein in debt. Later, it agreed to sell its sports gambling company OpenBet to Endeavor Group Holdings Inc. for $1.2 billion in cash and stock.
How do Donald Trump, Elon Musk, and Gwyneth Paltrow short-circuit your ability to think rationally?
Homeopathy Doesn't Work. None These out-of-work Americans tell us Job market turmoil is nothing but transitory.
What Does My Brain Scan Revealed About Persuasion Science?
None Jane Fraser Has a plan to Remake Citigroup While Tormenting Rivals.