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On October 5, Kramer Levin client Scientific Games Corporation announced that it has completed the sale of Scientific Games Racing, its racing and venue management business, to U.K.-based Sportech Plc. The deal is valued at approximately $75 million. Scientific Games is a global leader in providing customized, end-to-end gaming solutions to lottery and gaming organizations worldwide.
Leading the Kramer Levin team were Corporate partner Peter G. Smith, and associates Robert J. Wollin and Amanda Webber; Tax partner Howard J. Rothman and special counsel Helayne O. Stoopack; Intellectual Property counsel Kevin M. Moss; Employee Benefits and Executive Compensation partner Christine Lutgens and associate Carissa R. Trast; and Real Estate associate Soyoung Lee.