tyb
Scientific Games Corp sold by Ronald Perelman (former exec chair): $263.67m-Sept 28
Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. Its segments include Gaming, Lottery and Interactive. Its portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions. Gaming segment designs, develops, manufactures, markets and distributes a portfolio of gaming products and services. Lottery segment consists of its systems-based services and product sales business and its instant games business. Its Interactive business segment includes social (non-wagering) gaming and interactive real-money gaming (RMG). Its games are available on Facebook, Amazon, the Apple app store and Android app on Google play. Number of employees : 9 800 people.
https://www.marketscreener.com/quote/stock/SCIENTIFIC-GAMES-CORPORAT-10812/company/
from today
The Ronald O. Perelman Garage Sale: Why is the Revlon Billionaire Unloading Assets?
Billionaires—especially those who leverage and buy out—unload pricey assets all the time. They sell during upturns, downturns, and global pandemics—the timing doesn’t really matter for those who operate in the financial stratosphere. Only a few months ago, for example, Henry Kravis (of Barbarians at the Gate fame) sold a Colorado mansion he built in 1991 to Mike Bloomberg (of $900-million-failed-presidential-bid fame) for $45 million. No big deal. It barely made the real estate pages. But recently, one of the country’s most feared dealmakers—Revlon majority stockholder and longtime occupant of the Forbes and Bloomberg billionaire ranking lists—Ronald O. Perelman, has been making news by selling assets. A lot of them. Rapidly. Earlier this month, the New York Post reported Perelman was shopping his 57-acre East Hampton estate, the Creeks, for $180 million in a so-called “whisper sale.” (A spokesperson for Perelman told the paper that the property is not on the market.) The Creeks is where Perelman held an annual, celebrity-packed fundraiser, Apollo in the Hamptons, from 2009 to 2019 to benefit the Harlem theater. On September 14, MacAndrews & Forbes, an investment company owned by Perelman, announced it would sell its shares of Scientific Games, a maker of casino, interactive, and instant lottery games, for an estimated $1 billion. On July 28, two paintings from Perelman’s vast art collection, Peinture (Femme au Chapeau Rouge) by Joan Miró and a portrait of Carla Avogadro by Henri Matisse, were sold at auction by Sotheby’s for a combined $37.2 million (the estimate had been $53 million). According to Bloomberg, the pieces were the first among many works owned by Perelman that the auction house will offer. MacAndrews & Forbes agreed to sell its majority stake in AM General, the maker of Humvee military jeeps, to KPS Capital Partners LP on July 22, 2020, for an undisclosed sum. (The Post estimates $1 billion). In June, MacAndrews & Forbes completed sales of Merisant and MAFCO, a sweetener and natural licorice company, respectively, that it had announced in December 2019, for $510 million.
https://www.townandcountrymag.com/society/money-and-power/a34198788/ronald-o-perelman-selling-assets-2020/
https://www.finviz.com/insidertrading.ashx?oc=1186472&tc=7&b=2
fuck off OSS