Scientific Games Corporation (NASDAQ: SGMS) announced that the Company, with the support of its Board of Directors, including Executive Chair Jamie Odell and Executive Vice Chair Toni Korsanos, intends to divest its Lottery and Sports Betting businesses. Scientific Games is evaluating strategic alternatives to execute the divestitures for each business, respectively, including an initial public offering ("IPO") or a combination with a special purpose acquisition company ("SPAC"), or a sale or a strategic combination with another business. There can be no assurances that Scientific Games' exploration of alternatives for its Lottery and Sports Betting businesses will result in any transactions or other actions by the Company. The Company does not intend to comment on or provide updates regarding these matters unless and until it determines that further disclosure is appropriate or required based on the then-current facts and circumstances. Macquarie Capital (USA) Inc. and Oakvale Capital LLP are serving as financial advisors and Cravath, Swaine & Moore LLP is serving as legal counsel to Scientific Games.