SCIENTIFIC GAMES: CELEBRATES THE SALE AT BROOKFIELD







A global company enters the next era with the name of Scientific Games and focuses 100% on lottery

ATLANTE – April 4, 2022 – Brookfield Business Partners LP has completed the acquisition of the global lottery services business of Scientific Games[1]. The transaction enables 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 as Scientific Games, which was established in 1973. Metro Atlanta will continue to serve as the company’s global headquarters, and the entire management team will remain in place.

“This marks an exciting new chapter for Scientific Games and positions the business to build on the record growth we achieved in 2021 across all areas of our lottery business,” said Pat McHugh, a veteran of the lottery industry for 25 years who will continue as CEO. for Scientific Games after serving as Managing Director of the Lottery Group under the previous corporate structure. “By taking a long-term view of the business, Brookfield is committed to providing Scientific Games with the flexibility and agility to expand our in-depth product portfolio to expand our in-depth product portfolio to meet the needs constantly evolving of our customers and their beneficiaries.”

Brookfield Business Partners is a global business and industrial services firm focused on owning and operating high-quality businesses that provide essential products and services to the public and private sectors. Founded in 1899, Brookfield is one of the world’s most successful investment firms with over $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 was rebranded as Light & Wonder.

[1] The sale of certain international subsidiaries of Lottery Business (Scientific Games International GmbH and its two subsidiaries) is pending regulatory approval in Austria, which is expected to be obtained by the end of the second quarter of 2022, with the transaction expected to be completed quickly by the following .

© 2022 Scientific Games, LLC. All rights reserved.

About science games
Scientific Games Corporation (NASDAQ: SGMS) is a global entertainment leader providing dynamic games, systems and services for casinos, lotteries, social gaming, online gaming and sports betting. Scientific Games offers the largest and most integrated portfolio of game content, advanced systems, advanced platforms and professional services in the video game industry. Committed to responsible gaming, Scientific Games delivers what customers and gamers value most: reliable security, engaging entertainment content, operational efficiency and innovative technology. For more information, visit scientificgames.com.

Media inquiries: Media@scientificgames.com

Forward-looking statements
In this press release, Scientific Games makes “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “will”, “may”, and “should”. ” These statements are based on management’s current expectations, assumptions and estimates and are not guarantees of future timing, results or performance. Accordingly, 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 such 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 most recent 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’ continuing obligations under U.S. federal securities laws, Scientific Games assumes no obligation to update publicly forward-looking statements, whether as a result of new information, future events or otherwise.

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Science Games Society published this content on April 04, 2022 and is solely responsible for the information contained therein. Distributed by publicunedited and unmodified, on Apr 04, 2022 20:16:23 UTC.

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2022 sales 2,439 million

Net income 2022 117M

Net debt 2022 2,048 million

PER 2022 ratio 51.7x
2022 return
Capitalization 5,875 million
5,875 million
EV / Sales 2022 3.25x
EV / Sales 2023 2.86x
# of employees 5,600
Floating 80.0%

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Number of analysts 8
Last closing price $60.77
Average target price $76.38
Average Spread / Target 25.7%


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