Finance

Scientific Games Announces Sale of Sports Betting Business, OpenBet, to Endeavor for $1.2 Billion

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Significant Milestone Advancing Vision to Become the Leading Cross-platform Global Game Company Accelerates De-Levering Plan and Unlocks Significant Value 

"This transaction represents the culmination of a thorough process to divest OpenBet in order to maximize value for our shareholders and rapidly advance our vision to become the leading cross-platform global game company," said Barry Cottle, President and Chief Executive Officer of Scientific Games. "The transaction is a significant milestone towards optimizing our portfolio and de-levering the balance sheet to enhance our financial flexibility. It will position us to invest both organically and inorganically in key growth areas, particularly in content and digital markets. We are delivering on our promises and executing on our strategy to transform our company and unlock significant value for employees, customers and shareholders."

Read moreScientific Games Announces Sale of Sports Betting Business, OpenBet, to Endeavor for $1.2 Billion