Scientific Games Sells Lottos to Brookfield for $5.8 Billion
- Brookfield’s deal includes about $2.6 billion in equity
- Scientific Games helps run lotteries in 50-plus countries
Photographer: Justin Sullivan/Getty Images
This article is for subscribers only.
Brookfield Asset Management Inc. has agreed to pay just under $6 billion for Scientific Games Corp.’s global lotteries business the firm announced Thursday.
Brookfield Business Partners LP, an affiliate of the Canadian firm, will pay $5.8 billion including about $2.6 billion of equity for the business, which has long-term relationships with about 130 lottery entities in more than 50 countries, the firm said in a statement confirming an earlier report by Bloomberg.