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Kramer Levin Client Scientific Games Completes Sale of Scientific Games Racing to Sportech Plc

October 5, 2010

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.

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