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With Perelman Gone, Scientific Games to Exit Sports Betting (1)

June 29, 2021, 7:38 PM

Scientific Games Corp., the slot machine manufacturer built up through a series of acquisitions by investor Ron Perelman, is now retooling itself under new management.

The company is looking to divest its lottery and sports-betting businesses. That could happen through a sale, initial public offering or merger with a special purpose acquisition company, Las Vegas-based Scientific Games said in a statement Tuesday. The company, one of the largest suppliers of gear and services to casinos worldwide, said it intends to focus on gambling content, like its physical and online games.

Ron Perelman
Photographer: Amanda Gordon/Bloomberg

Executive Chair Jamie Odell and Executive Vice ...