Scientific Games’ Lottery division has announced its expected financial figures for Q4 of FY2021, revealing preliminary growth in key financial metrics.
Informing stakeholders ahead of its upcoming sale to Brookfield Business Partners, SG Lottery announced its preliminary revenue for the period ending December 31 will be between $265m and $275m, compared to $256m for the same period the year prior, representing an expected increase of approximately 4% to 7%.
Likewise, the firm’s adjusted operating income is expected to increase from 2020, a year severely impacted by retail closures.
SG Lottery expects an adjusted operating income of between $110m and $115m, compared to $99m for the previous year, representing an expected increase of between 11% and 16%.
Lastly, expected EBITDA from equity investments is also set to increase from Q4 of 2020, with expectations of a figure around $19m, compared to $12m last year.
At the end of October last year, Scientific Games announced the sale of its lottery division to Brookfield Business Partners in a deal that could reach over $6bn.
Brookfield will pay $5.825bn in cash upfront as well as a further $225m in earn-out based on several performance metrics including EBITDA in FY2022 and FY2023.
The sale is expected to be formally ratified and completed by Q2 of 2022, subject to regulatory approval and customary closing conditions.