{"id":179214,"date":"2021-07-09T10:56:07","date_gmt":"2021-07-09T17:56:07","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=179214"},"modified":"2021-07-09T11:56:50","modified_gmt":"2021-07-09T18:56:50","slug":"scientific-games-could-list-lottery-business-in-australia","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/scientific-games-could-list-lottery-business-in-australia\/","title":{"rendered":"Scientific Games Reportedly Considering Australia Listing for Lottery Business"},"content":{"rendered":"

Scientific Games (NASDAQ:SGMS) is evaluating an Australian initial public offering (IPO) for the lottery business the company is planning to divest.<\/p>\n

\"Scientific
James Bond-inspired lottery scratchers from Scientific Games. The company is considering an Australian IPO for its lotto business. (Image: Bond Lifestyle<\/em>)<\/figcaption><\/figure>\n

Last week, the gaming equipment manufacturer said it’s parting with the lottery unit and its Don Best sports wagering arm. It noted at the time the transactions could materialize in the form of an initial public offering (IPO), a merger with a special purpose acquisition company<\/a> (SPAC), or an outright sale or combination with another firm.<\/p>\n

Unidentified sources told The Australian Financial Review<\/i> that Las Vegas-based Scientific Games is currently in talks with Australian investment banks regarding their thoughts on the lottery business and a possible listing on the Australian Stock Exchange (ASX).<\/p>\n

While bankers said it was still very much in the pitching stage, the fact SciGames management is talking to Australian ECM teams is a strong indication it was considering the ASX-boards as a likely home for the lotteries unit,\u201d reports the paper.<\/p><\/blockquote>\n

Scientific Games’ sports betting platform wasn’t mentioned in the article. That could be a sign the company is sticking with the plan of a possible SPAC deal, spin-off\/IPO<\/a>, or sale to another operator.<\/p>\n

Not Surprising Sci Games Considering Australia<\/h2>\n

This isn’t the first time Scientific Games is being tied to Aussie IPO speculation. In May, reports surfaced the company was mulling an ASX offering<\/a> as an avenue for raising cash to deleverage its balance sheets.<\/p>\n

\n

The slot machine manufacturer has ties to the country. For example, board member Jamie Odell is a well-respected Aussie gaming executive and previously ran rival Aristocrat for a decade. He’s also a part of Caledonia Investments, which last year purchased<\/a> a $1 billion stake in Scientific Games from financier Ron Perelman.<\/p>\n<\/div>\n

Scientific Games\u2019 Executive Vice-Chair Toni Korsano is also a former Aristocrat executive and is currently on the boards of Crown Resorts and Treasury Wine Estates — both Australian companies.<\/p>\n

There hasn’t been talking of the broader Australia IPO since the rumor initially appeared in early May.<\/p>\n

Lottery IPO Could Be Big Australia Deal<\/h2>\n

Should Scientific Games opt for listing its lottery unit in Sydney, it would likely be one of the largest non-privatization IPOs in the country’s history. It would be potentially larger than prior government-controlled deals, according to The Australian Financial Review<\/i>.<\/p>\n

The lottery unit generated $430 million in earnings before interest, taxes, depreciation and amortization (EBITDA) over the past 12 months. Analysts estimate it could fetch more than 10 times that as an IPO valuation.<\/strong><\/p>\n

\u201cJefferies analysts, in a note sent to global equities clients in Australia last week, valued the business at 8 to 12-times EBITDA, or $US3.44 billion to $US5.16 billion,\u201d according to the paper.<\/p>\n

The transaction could also be a template for Tabcorp, which earlier this week said it’s spinning off<\/a> its keno and lottery operations into a new public company. An estimated valuation hasn’t yet been assigned to the Tabcorp unit.<\/p>\n","protected":false},"excerpt":{"rendered":"

Scientific Games (NASDAQ:SGMS) is evaluating an Australian initial public offering (IPO) for the lottery business the company is planning to divest. Last week, the gaming equipment manufacturer said it’s parting with the lottery unit and its Don Best sports wagering arm. It noted at the time the transactions could materialize in the form of an […]<\/p>\n","protected":false},"author":46,"featured_media":179218,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,13699],"tags":[],"acf":[],"yoast_head":"\nScientific Games Could List Lottery Business in Australia<\/title>\n<meta name=\"description\" content=\"Scientific Games is reportedly considering an Australia initial public offering (IPO) for its lottery business.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/scientific-games-could-list-lottery-business-in-australia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scientific Games Could List Lottery Business in Australia\" \/>\n<meta property=\"og:description\" content=\"Scientific Games is reportedly considering an Australia initial public offering (IPO) for its lottery business.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/scientific-games-could-list-lottery-business-in-australia\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-09T17:56:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-09T18:56:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/sgms-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1030\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/scientific-games-could-list-lottery-business-in-australia\/\",\"url\":\"https:\/\/www.casino.org\/news\/scientific-games-could-list-lottery-business-in-australia\/\",\"name\":\"Scientific Games Could List Lottery Business in Australia\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/scientific-games-could-list-lottery-business-in-australia\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/scientific-games-could-list-lottery-business-in-australia\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/sgms-1.jpg\",\"datePublished\":\"2021-07-09T17:56:07+00:00\",\"dateModified\":\"2021-07-09T18:56:50+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Scientific Games is reportedly considering an Australia initial public offering (IPO) for its lottery business.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/scientific-games-could-list-lottery-business-in-australia\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/scientific-games-could-list-lottery-business-in-australia\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/scientific-games-could-list-lottery-business-in-australia\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/sgms-1.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/sgms-1.jpg\",\"width\":1600,\"height\":1030,\"caption\":\"James Bond-inspired lottery scratchers from Scientific Games. The company is considering an Australia IPO for its lotto business. (Image: Bond Lifestyle)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/scientific-games-could-list-lottery-business-in-australia\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial\",\"item\":\"https:\/\/www.casino.org\/news\/financial\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Scientific Games Reportedly Considering Australia Listing for Lottery Business\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Scientific Games Could List Lottery Business in Australia","description":"Scientific Games is reportedly considering an Australia initial public offering (IPO) for its lottery business.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/scientific-games-could-list-lottery-business-in-australia\/","og_locale":"en_US","og_type":"article","og_title":"Scientific Games Could List Lottery Business in Australia","og_description":"Scientific Games is reportedly considering an Australia initial public offering (IPO) for its lottery business.","og_url":"https:\/\/www.casino.org\/news\/scientific-games-could-list-lottery-business-in-australia\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2021-07-09T17:56:07+00:00","article_modified_time":"2021-07-09T18:56:50+00:00","og_image":[{"width":1600,"height":1030,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/sgms-1.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/scientific-games-could-list-lottery-business-in-australia\/","url":"https:\/\/www.casino.org\/news\/scientific-games-could-list-lottery-business-in-australia\/","name":"Scientific Games Could List Lottery Business in Australia","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/scientific-games-could-list-lottery-business-in-australia\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/scientific-games-could-list-lottery-business-in-australia\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/sgms-1.jpg","datePublished":"2021-07-09T17:56:07+00:00","dateModified":"2021-07-09T18:56:50+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Scientific Games is reportedly considering an Australia initial public offering (IPO) for its lottery business.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/scientific-games-could-list-lottery-business-in-australia\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/scientific-games-could-list-lottery-business-in-australia\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/scientific-games-could-list-lottery-business-in-australia\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/sgms-1.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/sgms-1.jpg","width":1600,"height":1030,"caption":"James Bond-inspired lottery scratchers from Scientific Games. The company is considering an Australia IPO for its lotto business. (Image: Bond Lifestyle)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/scientific-games-could-list-lottery-business-in-australia\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Financial","item":"https:\/\/www.casino.org\/news\/financial\/"},{"@type":"ListItem","position":3,"name":"Scientific Games Reportedly Considering Australia Listing for Lottery Business"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/179214"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=179214"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/179214\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/179218"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=179214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=179214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=179214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}