Industry
IGT completes sale of Gaming & Digital business to Apollo
IGT completed the $4.1 billion transaction and rebranded its lottery arm Brightstar Lottery.
IGT completed the sale of its Gaming & Digital business to Apollo and rebranded its lottery arm Brightstar Lottery, according to industry reporting. The transaction separates major gaming and lottery businesses into new corporate structures.
The context
Corporate reorganisations can change supplier priorities, investment capacity, and commercial relationships across gaming. They do not automatically change the legal status of any consumer product.
What we are watching
We are watching for post-close reporting on the new gaming business, supplier agreements, and strategic direction.