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28 September, 2021 | Financial

Scientific Games to sell OpenBet to Endeavor Group

Scientific Games Corporation has signed an agreement to sell OpenBet, its sports betting business, to Endeavor Group Holdings in a transaction valued at $1.2bn. According to a statement from the company, Scientific Games will receive $1bn in cash and $200m in Endeavor Class A common stock. The transaction is scheduled to close in Q2 2022, after regulatory approval. OpenBet is a global online sports betting company that focuses on...
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