SCIENTIFIC GAMES LOTTERY CONGRATULATES LIGHT & WONDER ON REBRANDING ANNOUNCEMENT
ATLANTA – March 3, 2022 – In preparation for the Scientific Games Lottery group becoming a stand-alone company, the company’s Gaming and iGaming groups have rebranded as Light & Wonder. Scientific Games will continue our successful path as a global lottery company and partner of choice for government lotteries as Light & Wonder carves its own path forward to become the leading global gaming company.
Scientific Games lottery organization will keep the iconic Scientific Games name, and the company’s Gaming and iGaming business units are moving forward as Light & Wonder. Light & Wonder’s rebranding does not impact the company’s lottery business or 130 customers in 50 countries worldwide.
As announced in October 2021, the sale of Scientific Games’ Lottery business to Brookfield Business Partners is expected to close in late March, Scientific Games Lottery Executive Leadership team will remain in place with some additions to support functional areas as it becomes a stand-alone company. “These strategic business moves are several years in the making and would not be possible without a true team effort. We congratulate our Gaming and iGaming groups’ rebranding on March 1st. This brings our Lottery organization one step closer to moving forward as a stand-alone, privately held company, focused 100% on our global lottery customers,” said Lottery Group CEO Patrick McHugh.
McHugh said it is business as usual for the Scientific Games Lottery organization with the same customer-focused commitment to excellence.
About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is a world leader in entertainment offering dynamic games, systems and services for casino, lottery, social gaming, online gaming and sports betting. Scientific Games offers the gaming industry's broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology. For more information, please visit scientificgames.com.
In this press release, Scientific Games makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "will," "may," and "should." These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors, including those factors described in our filings with the Securities and Exchange Commission (the “SEC”), including Scientific Games’ current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K filed with the SEC on March 1, 2021 (including under the headings "Forward-Looking Statements" and "Risk Factors"). Forward-looking statements speak only as of the date they are made and, except for Scientific Games' ongoing obligations under the U.S. federal securities laws, Scientific Games undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.