Global Company Enters Next Era with Scientific Games Name and 100% Focus on Lottery
ATLANTA – April 4, 2022 – Brookfield Business Partners L.P. has completed the acquisition of Scientific Games’ global lottery services business. The transaction allows Scientific Games to focus its 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.
“This marks an exciting new chapter for Scientific Games, and positions the company to build on the record growth we achieved in 2021 across all parts of our lottery business,” said Pat McHugh, a 25-year lottery industry veteran who will continue as CEO for Scientific Games after serving as Lottery Group Chief Executive under the previous company structure. “Taking a long-term view of the business, Brookfield is committed to providing Scientific Games with the flexibility and agility necessary to expand our deep product portfolio to meet the evolving needs of our customers and their beneficiaries.
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.
The sale of Scientific Games Corporation’s lottery business was announced in October 2021, and on March 1, 2022 its Gaming and iGaming business rebranded as Light & Wonder.
 The sale of certain international Lottery Business subsidiaries (Scientific Games International GmbH, and its two subsidiaries) is awaiting regulatory approval in Austria, which is expected to be obtained by the end of the second quarter of 2022, with the transaction to be completed promptly thereafter.
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.