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Scientific Games to buy online lottery operator

Scientific GamesScientific Games: Scientific Games to buy online lottery operator

Scientific 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.

Lottery Post Staff

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