Apollo and Brookfield interested in Scientific Games global lotteries business

Scientific Games has attracted takeover interest for its global lotteries business from Brookfield Asset Management Inc

Scientific Games has attracted takeover interest group for its worldwide lotteries business organization from Brookfield Asset Management Inc.’s private equity fortify and Phoebus Global Management Inc., as reported past Bloomberg.

Bloomberg said representatives from Brookfield, Apollo and Scientific Games all declined to comment, but noted that the reported interestingness is “according to people familiar spirit with the matter.”

Scientific Games has reportedly been inwards discussions with private equity firms about the potentiality sale of its lotteries unit, spell reports broke earliest this week that the keep company is considering a gillyflower itemisation inwards Australia. The initial public offering could evoke an estimated AU$4bn (US$3bn), and the divvy up sale mental process could commence this week.

Bloomberg added that a final conclusion on any cut-rate sale has in time to live made, noting that Scientific Games could stock-still adjudicate to keep the unit.

Scientific Games earlier this year said it was exploring divesting its lotteries and sports betting units via a merger with a special design acquisition company, or through and through a strategical combination with another business, inwards an endeavour to rein in in debt.

And endure month, the grouping entered into a unequivocal correspondence to sell its sports betting business OpenBet to Endeavour Group Holdings, Inc. in a hard currency and stock dealings valued at $1.2bn.