Apollo Funds Acquire IGT's Gaming & Digital Business from Brightstar Lottery

July 1, 2025

Funds managed by affiliates of Apollo Global Management completed the acquisition of International Game Technology PLC’s Gaming & Digital business from Brightstar Lottery (formerly IGT). Brightstar received approximately $4.0 billion of net cash proceeds, which it will use to reduce near-term debt, return $1.1 billion to shareholders (a $3.00 per-share special dividend plus a $500 million repurchase authorization), and fund other corporate priorities; Brightstar will continue to trade as Brightstar Lottery (BRSL).

Buyers
Funds managed by affiliates of Apollo Global Management, Inc.
Targets
Gaming & Digital business of International Game Technology PLC (IGT)
Sellers
International Game Technology PLC (Brightstar Lottery)
Location
Nevada, United States
Transaction Type
Divestiture

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.