Scientific Games Chairman Ronald Perelman has revealed he is exploring opportunities to sell his 39% stake in the business.

According to a filing Wednesday morning in New York. Perelman entities hold about 39% of the company, which has a market valuation of $1.5 billion, according to data compiled by Bloomberg.

According to Bloomberg, Perelman is looking to rework his holdings due to the coronavirus pandemic.

“Due to changes in the world both socially and economically, we have decided to reset MacAndrews & Forbes in a manner that will give us maximum flexibility both financially and personally,” company spokesman Josh Vlasto said in a statement to Bloomberg. “This will allow us to be opportunistic and flexible in looking at new situations.”

Perelman, 77, who is currently ranked No. 63 on the Forbes Magazine list of billionaires with a net worth of $7.5 billion, has built a fortune through investments in a variety of industries, including candy and cosmetics.