Light & Wonder completes sale of lottery business for $5.8 million to Brookfield Business Partners

April 6, 2022 World Industry Updates

Light & Wonder on Monday announced it has completed the sale of its Lottery Business to Brookfield Business Partners L.P. for $5.8 billion.

“The sale marks a major milestone in transforming the Company and its balance sheet, delivering on one of the key promises the Company made as part of its strategic review,” said the company.

After another record year, this is a significant step forward for the Lottery Business, positioning it to accelerate growth as a stand-alone company with a singular focus on its lottery customers.