M&A Deal Summary

Brookfield Business Partners Acquires Scientific Games - Lottery Business

On October 27, 2021, Brookfield Business Partners acquired gaming company Scientific Games - Lottery Business from Light & Wonder for 5.8B USD

Acquisition Highlights
  • This is Brookfield Business Partners’ 1st transaction in the Gaming sector.
  • This is Brookfield Business Partners’ 3rd largest (disclosed) transaction.
  • This is Brookfield Business Partners’ 2nd transaction in the United States.
  • This is Brookfield Business Partners’ 1st transaction in Nevada.

M&A Deal Summary

Date 2021-10-27
Target Scientific Games - Lottery Business
Sector Gaming
Buyer(s) Brookfield Business Partners
Sellers(s) Light & Wonder
Deal Type Divestiture
Deal Value 5.8B USD

Target

Scientific Games - Lottery Business

Las Vegas, Nevada, United States
Scientific Games' Lottery Business provides game design, production, distribution, systems and terminals, and turnkey technology solutions. Scientific Games' Lottery Business is based in Las Vegas, Nevada.

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Buyer(S) 1

Buyer

Brookfield Business Partners

Hamilton, Bermuda

Category Company
Sector Business Services
Employees67,315
Revenue 55.1B USD (2023)
DESCRIPTION

Brookfield Business Partners acquires high-quality businesses and applies its global investing and operational expertise to create value, with a focus on profitability, sustainable margins, and sustainable cash flows. Brookfield Business Partners has the flexibility to invest across multiple industries and through many forms. Brookfield Business Partners is based in Hamilton, Bermuda.


DEAL STATS #
Overall 5 of 8
Sector (Gaming) 1 of 1
Type (Divestiture) 2 of 2
State (Nevada) 1 of 1
Country (United States) 2 of 4
Year (2021) 3 of 3
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-05 DexKo Global

Novi, Michigan, United States

DexKo Global is a provider of highly engineered running gear technology, chassis assemblies, and related components with over 130 years of trailer and caravan componentry experience. DexKo Global was founded in 2015 and is based in Novi, Michigan.

Buy $3.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-18 La Trobe Financial

Melbourne, Australia

La Trobe Financial is a credit asset manager, specializing in credit investment solutions and real estate finance. La Trobe Financial has 5,100 distribution points across its two divisional arms Wealth products are distributed through 1,600 advice practices, and real estate credit finance is distributed through 3,500 brokers. La Trobe Financial was founded in 1952 and is based in Melbourne, Australia.

Buy $1.1B

Seller(S) 1

SELLER

Light & Wonder

Las Vegas, Nevada, United States

Category Company
Founded 1984
Sector Gaming
Employees6,000
Revenue 2.9B USD (2023)
DESCRIPTION
Scientific Games facility in Las Vegas, Nevada.
Scientific Games facility in Las Vegas, Nevada.

Light & Wonder is a developer of technology-based products and services and associated content for worldwide gaming and lottery markets. The Company's portfolio includes instant and draw-based lottery games; electronic gaming machines and game content; server-based lottery and gaming systems; sports betting technology; loyalty and rewards programs; and social, mobile and interactive content and services. Light & Wonder was established in 1984 and is based in Las Vegas, Nevada.


DEAL STATS #
Overall 1 of 1
Sector (Gaming) 1 of 1
Type (Divestiture) 1 of 1
State (Nevada) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-05 ACS PlayOn

Reno, Nevada, United States

ACS PlayOn develops products that adhere to regulatory compliance and contribute to efficient casino operations. ACS’s management team and associates possess more than 100 years of experience in casino operations and casino R&D. Its team recognizes that low cost, reduced labor, no interruption (or disruption) to the game are paramount in the process for new product development. ACS’s implementations take into consideration all aspects of the casino: Tables, Slots, Poker, Marketing, Accounting, Compliance, Security/Surveillance, Hotel, and Food & Beverage. ACS PlayOn was formed in 2010 and is based in Reno, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 Authentic Gaming

Sliema, Malta

Authentic Gaming is a provider of premium live casino solutions. Authentic Gaming was founded in 2015 and is based in Sliema, Malta.

Buy -