Scientific Games: Scientific Games to buy online lottery operatorScientific Games Corp., a maker of betting equipment and lottery systems, on Friday said it would acquire International Game Technology's on-line lottery operator for $143 million in cash.
The agreement to buy IGT Online Entertainment Systems will give Scientific Games, based in New York, access to online lottery systems that produce lotto-type game tickets in seven states and the Caribbean.
IGT Online, which also supports systems sold to customers in Korea, Norway, Switzerland and Shanghai, generates annual revenues of about $140 million. Scientific Games said it expect the acquisition, which it hopes to close by the end of the year, will add immediately to earnings by an unspecified amount.
