Hopes of a whopper $10 billion SG Lottery float sunk on Wednesday as word spread that someone on Wall Street was pulling together a huge leverage finance package after days spent negotiating with owner Scientific Games.
Cornerstone investors, still in the dark and into day six of sitting on their hands, took it as the confirmation they needed to move on to other things. SG Lottery owner, Scientific Games, hadn’t signed anything as of Wednesday night, but there were plenty of onlookers tipping a deal to be announced on Thursday, Australian time.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
