Street Talk

SG Lottery sale a $US1b kick in the guts

Anthony Macdonald, Yolanda Redrup and Kanika Sood

Oct 28, 2021 – 9.35pm

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It could be a while before any banker mutters the phrase “dual track”.

SG Lottery’s abysmal sale, where a strong Australian initial public offering bid was overlooked for a softer leveraged buyout, will shut the window for dual track auctions, and particularly for anything with scant ties to Australia.

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.

Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.