Brookfield to Acquire Scientific Lottery Business


BROOKFIELD, NEWS, October 27, 2021 (GLOBE NEWSWIRE) – Brookfield Business Partners LP (NYSE: BBU) (TSX: BBU.UN) (“Brookfield Business Partners”) as well as Institutional Partners (collectively “Brookfield”) announced today A deal to acquire the global lottery services and technology businesses of Scientific Games Corporation (“Scientific Games Lottery” or “the Company”) for approximately $ 5.8 billion.

With innovative capabilities in game design, production, distribution, systems and terminals, and turnkey technology solutions, Scientific Games Lottery has long-term relationships with approximately 130 lottery entities in more than 50 countries. The company is deeply integrated into the lottery ecosystem as a provider of essential services to global lottery programs that represent a critical and growing source of funding for governments around the world.

“We are delighted to continue to grow our business with the acquisition of a market leader and a provider of essential services to governments around the world,” said David Nowak, Managing Partner, Brookfield Business Partners. “We look forward to partnering with leadership and bringing our scale and global capabilities to support the future growth of Scientific Games Lottery. “

Investment highlights

  • Strong position in the market. Scientific Games Lottery is a market leader providing products, services and technology to major lotteries around the world. The breadth of its product offering, its scale and its differentiated service offerings contribute to long-standing partnerships with its customers.
  • Sustainable financial performance. The Company operates in a resilient industry, with favorable margins and low ongoing capital requirements. Its recurring revenue base is built on a clear value proposition, strong customer relationships and contracts with high renewal rates.
  • Favorable market dynamics. Scientific Games Lottery is well positioned to meet strict regulatory and oversight frameworks that require high standards of service and security.
  • Growth opportunities. The company has access to multiple levers to drive future revenue growth, including expanding service offerings to existing customers, participating in expected digital growth, and acquiring new customers.


Brookfield’s investment will be funded by approximately $ 2.6 billion in equity.

Brookfield Business Partners intends to fund approximately 30% of equity at closing from existing available cash and capital that will be raised from internal initiatives currently underway. Brookfield Business Partners also recently increased the availability of its credit facilities by $ 500 million in order to maintain a strong corporate liquidity position.

The balance of the equity investment should be financed by institutional partners. Before or after closing, a portion of Brookfield Business Partners’ engagement may be syndicated to other institutional investors.

Transaction process

The closing of the transaction remains subject to customary closing conditions, including regulatory approvals. Closing is scheduled for the second quarter of 2022.


The financing will be led by a syndicate of banks comprising Barclays, Deutsche Bank Securities, BNP Paribas, Crédit Agricole Corporate and Investment Bank, Macquarie Capital and RBC Capital Markets. Cleary Gottlieb Steen & Hamilton LLP is acting as legal counsel to Brookfield.

Brookfield Business Partners is a business and industrial service company focused on owning and operating high quality businesses that benefit from barriers to entry and / or low production costs.

Brookfield Business Partners is the flagship listed business and industrial services firm of Brookfield Asset Management, a leading global alternative asset manager with more than $ 625 billion in assets under management. More information is available at

Brookfield Business Partners is listed on the New York and Toronto Stock Exchanges. For more important information, please visit our website at

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Note: This press release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of Section 27A of the US Securities Act of 1933, as amended, from Section 21E of the US Securities Exchange Act of 1934, as amended, the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities regulations. Forward-looking statements include statements that are predictive in nature, depend on or refer to future events or conditions, include statements regarding operations, activities, financial condition, expected financial results, performance, outlook, opportunities, priorities, goals, objectives, objectives, strategies and prospects of Brookfield’s business partners, as well as the outlook for the North American and international economies for the current fiscal year and subsequent periods, and include words such that “” considers “,” seeks “,” intends “,” targets “,” plans “,” plans “or negative versions of these and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”.

Although we believe that our anticipated future results, performance or achievements expressed or implied by forward-looking statements and information are based on reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information as they imply unknown risks, uncertainties and other factors, many of which are beyond our control, that may cause the actual results, performance or achievements of Brookfield’s business partners to differ materially from the anticipated future results, performance or achievements expressed or implied by these forward-looking statements and information.

Factors that could cause actual results to differ materially from those envisaged or suggested by forward-looking statements include, but are not limited to: the impact or unforeseen impact of general economic, political and business factors in countries in whom we operate; including due to the ongoing novel coronavirus pandemic (“COVID-19”); the behavior of financial markets, including fluctuations in interest rates and exchange rates; global equity and capital markets and the availability of equity and debt financing and refinancing in these markets; strategic actions, including provisions; the ability to effectively complete and integrate acquisitions into existing operations and the ability to achieve expected benefits; changes in accounting policies and methods used to present the financial position (including uncertainties associated with critical accounting assumptions and estimates); the ability to appropriately manage human capital; the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulations and laws in the countries in which we operate; government investigations; litigation; changes in tax laws; ability to collect amounts owed; catastrophic events, such as earthquakes; hurricanes and pandemics / epidemics; the possible impact of international conflicts and other developments, including terrorist acts and cyberterrorism; and other risks and factors detailed from time to time in our filings with securities regulators in Canada and the United States.

In addition, our future results may be affected by various economic restrictions imposed by the government resulting from the ongoing COVID-19 pandemic and the related global reduction in trade and travel and substantial volatility in stock markets around the world. , which may have a negative impact on our income, affect our ability to identify and conclude future transactions, impact our liquidity position and result in decreased cash flows and impairment losses and / or revaluations on our investments and assets, and therefore we may be unable to achieve our expected returns. See “Risks Associated with the COVID-19 Pandemic” in the “Risk Factors” section included in our MD&A on Financial Condition and Results of Operations in our Form 20-F for the year ended December 31 2020.

We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking statements, investors and others should carefully consider the above factors as well as other uncertainties and potential events. Except as required by law, Brookfield Business Partners assumes no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may result from new information, future events or otherwise.

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