• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Sunday 3 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Former Aristocrat CEO Jamie Odell to become new Scientific Games Chairman after Australian fund manager Caledonia acquires 35% stake from Ron Perelman

Ben Blaschke by Ben Blaschke
Mon 14 Sep 2020 at 13:47
Former Aristocrat CEO Jamie Odell to become new Scientific Games Chairman after Australian fund manager Caledonia acquires 35% stake from Ron Perelman
98
SHARES
2.5k
VIEWS
Print Friendly, PDF & Email

Scientific Games has announced that its largest shareholder, Ronald Perelman, has reached an agreement to sell a 34.9% stake in the global gaming giant to a number of long-term institutional investors, led by Australian fund manager Caledonia (Private) Investments, in a deal worth around US$1 billion.

Caledonia was officially announced as the major benefactor of Perelman’s stake on Monday, acquiring the shares at a price of US$28.00 per share. Shares in Scientific Games were priced at US$18.97 at market open on Monday before jumping almost 40% following news of the deal to US$26.43 at close.

Perelman, listed as the 79th wealthiest person in the United States with a personal fortune of US$7.8 billion, revealed in July that he was exploring opportunities to offload his entire 39% stake in Scientific Games, held by his wholly-owned investment vehicle MacAndrews & Forbes Holdings Ltd.

The new ownership structure will see all three MacAndrews & Forbes representatives – including Chairman Perelman as well as Barry Schwartz and Frances Townsend – step down from the Scientific Games board.

They will be replaced by former Aristocrat CEO Jamie Odell, who will become Scientific Games’ Executive Chairman, and former Aristocrat CFO Toni Korsanos as new Executive Vice Chairman.

“Scientific Games is well-positioned for future success given our industry leading portfolio of products and technologies, loyal customer base and talented leadership team,” said President and CEO of Scientific Games, Barry Cottle.

“We are pleased to have the support of our refreshed Board and new investor base as we continue to execute on our strategy to drive meaningful long-term growth and shareholder value creation.”

Founded in Sydney in 1982, Caledonia already owns a 10.4% stake in Flutter Entertainment – the UK gaming giant that owns Paddy Power and Sky Bet and which recently completed a US$12 billion merger with The Stars Group, operator of online poker site PokerStars.

It also holds sizeable stakes in Warner Music and US digital real estate firm Zillow among others.

RelatedPosts

Star to open AU$3.6 billion Queen’s Wharf Brisbane development on 29 August

Star’s Hong Kong partners officially terminate Queen’s Wharf Brisbane acquisition deal

Fri 1 Aug 2025 at 13:02
FBM launches eight new slot themes into Mexican casino market

FBM launches eight new slot themes into Mexican casino market

Wed 30 Jul 2025 at 15:59
Hong Kong’s Far East Consortium reports first full year gaming revenue after Australian, European acquisitions

Star says deal now “unlikely” to offload Queen’s Wharf Brisbane assets to Hong Kong partners

Wed 30 Jul 2025 at 13:53
AUSTRAC launches Federal Court action against clubs giant Mounties for alleged serious and systemic non-compliance with AML laws

AUSTRAC launches Federal Court action against clubs giant Mounties for alleged serious and systemic non-compliance with AML laws

Wed 30 Jul 2025 at 12:55
Load More
Tags: AustraliaCaledonia (Private) InvestmentsFlutter EntertainmentJamie OdellNorth AmericaRon PerelmanScientific Gamesslot machines
Share39Share7
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Melco awarded 20-year license to operate City of Dreams Sri Lanka

As City of Dreams Sri Lanka celebrates official opening, Melco’s Lawrence Ho says Sri Lanka “can be to India what Macau is to China”

by Ben Blaschke
Sun 3 Aug 2025 at 10:46

City of Dreams Sri Lanka, the joint venture between Macau’s Melco Resorts & Entertainment and local developer John Keells Holdings, held its Grand Opening on Saturday – celebrating what the companies have described as a “landmark national transformation”. Located within...

We’re Back!

Executive reshuffle sees RWS CEO Lee Shi Ruh named President and COO of parent company Genting Singapore

by Ben Blaschke
Sat 2 Aug 2025 at 15:26

Genting Singapore has announced the promotion of Ms Lee Shi Ruh, the recently appointed CEO of Resorts World Sentosa Pte Ltd, as its new President and Chief Operating Officer. Lee has until now served as Genting Singapore’s CFO. In a...

Star to open AU$3.6 billion Queen’s Wharf Brisbane development on 29 August

Star’s Hong Kong partners officially terminate Queen’s Wharf Brisbane acquisition deal

by Ben Blaschke
Fri 1 Aug 2025 at 13:02

Star Entertainment Group’s Hong Kong partners have officially closed the door on a deal that would have seen them acquire Star’s 50% stake in their AU$3.6 billion Queen’s Wharf Brisbane development. In a Friday release, Star confirmed that Chow Tai...

Macau GGR up 19% year-on-year to MOP$22.1 billion in July, sets new post-pandemic record

Macau GGR up 19% year-on-year to MOP$22.1 billion in July, sets new post-pandemic record

by Ben Blaschke
Fri 1 Aug 2025 at 12:49

Macau’s casinos recorded gross gaming revenue of MOP$22.13 billion (US$2.73 billion) in July, up 19.0% year-on-year and setting a new post-pandemic record, according to information from the Gaming Inspection and Coordination Bureau (DICJ). The month-on-month rise comes largely unexpected, with...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語