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OFFON

SCIENTIFIC GAMES CORPORATION

(SGMS)
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Brookfield Reportedly Close to Winning SG Lottery Deal

10/27/2021 | 10:11pm EST

Brookfield Asset Management Inc. (TSX:BAM.A) is firming as the buyer of SG Lottery, according to sources. The company owned by Scientific Games Corporation (NasdaqGS:SGMS) has been subject to a dual-track process involving either a sale to a trade buyer or an initial public offering on the Australian Securities Exchange. Advisers working on the float for SG Lottery last week locked in cornerstone demand worth more than $3 billion ahead of a plan to raise about $5 billion for an IPO of the company that services the booming lotteries industry. The aim was for the business to list with a market value of more than $8 billion in Australia because of the knowledge local investors have with lotteries and wagering group Tabcorp. The IPO was set to be finalised at the weekend, but the advisers to the deal were still awaiting news on the final outcome on October 27, 2021. Brookfield and Apollo Global Management, Inc. (NYSE:APO) were earlier known to be competing to buy the business. Australian equity investors were believed to be willing to pay between 14 and 15 times earnings before interest, tax, depreciation and amortisation for the business. Jarden, Macquarie Capital, Morgan Stanley, UBS and Goldman Sachs are working on the IPO, while Macquarie Capital has also been involved in the trade sale.


ę S&P Capital IQ 2021
All news about SCIENTIFIC GAMES CORPORATION
11/23SCIENTIFIC GAMES CORP : Change in Directors or Principal Officers (form 8-K)
AQ
11/23Scientific Games Corporation Announces Executive Changes
CI
11/18Playtech gets third takeover approach, sets up potential bidding war
RE
11/15SCIENTIFIC GAMES : Wraps NCPG's Gift Responsibly Holiday Campaign into its Lottery Healthy..
PU
11/11Deutsche Bank Adjusts Scientific Games PT to $71 From $63, Maintains Hold Rating
MT
11/11WHSP, Singapore's ComfortDelGro pause Australia IPO plans for units
RE
11/10Scientific Games Signs Exclusive Deal for Plazido Content on OpenGaming™ Platform
PU
11/10Credit Suisse Raises Scientific Games' PT to $45 from $39, Incorporates Sale of Lottery..
MT
11/09SCIENTIFIC GAMES : Q3 Earnings Snapshot
AQ
11/09SCIENTIFIC GAMES CORP MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND ..
AQ
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Analyst Recommendations on SCIENTIFIC GAMES CORPORATION
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Financials (USD)
Sales 2021 2 713 M - -
Net income 2021 267 M - -
Net Debt 2021 8 158 M - -
P/E ratio 2021 24,2x
Yield 2021 0,01%
Capitalization 6 302 M 6 302 M -
EV / Sales 2021 5,33x
EV / Sales 2022 3,46x
Nbr of Employees 9 000
Free-Float 80,1%
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Technical analysis trends SCIENTIFIC GAMES CORPORATION
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 65,30 $
Average target price 87,57 $
Spread / Average Target 34,1%
EPS Revisions
Managers and Directors
Barry L. Cottle President, Chief Executive Officer & Director
Constance P. James Chief Financial Officer, Secretary & Treasurer
Jamie R. Odell Executive Chairman
Jeff McVay Chief Information Officer
Stephen Richardson Chief Compliance Officer & Senior Vice President