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)
- Industry
- Media & Entertainment
- Location
- Nevada, United States
- Transaction Type
- Divestiture
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