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Scientific Games Pares SG Lottery Australia IPO to $3B, Still 15x 2022 Fiscal EarningsWritten by: Todd Shriber

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Scientific Games (NASDAQ:SGMS) is reportedly trimming the size of a Sydney initial public offering (IPO) for its SG Lottery arm to $3 billion, valuing it at roughly 15x fiscal 2022 earnings. Previous speculation mentioned the Las Vegas-based company could raise up to $5 billion. But sources familiar with the matter said a haircut is necessary.
The post Scientific Games Pares SG Lottery Australia IPO to $3B, Still 15x 2022 Fiscal Earnings appeared first on Casino.org.
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