Light & Wonder, formerly Scientific Games, has completed the sale of its sports betting business, OpenBet, to Endeavour Group Holdings for US$800m.
The sale completes the company’s strategy to streamline and transform its activities.
Matt Wilson, interim CEO of Light & Wonder, said: “With the completion of the OpenBet divestiture and our now streamlined organisation, Light & Wonder is well positioned to execute on our growth strategy with a singular focus on building great games fully cross-platform.
"With our R&D engine and world class talent at our core, we have an unparalleled ability to leverage our leading industry positions, evergreen franchises and unmatched platforms to drive sustainable differentiation and significant value.”
