IGT News & Events

IGT announced that Andy Hendrickson has expanded his role to become chief product and technology officer, subject to receipt of all required regulatory approvals. Hendrickson previously served as IGT's chief technology officer since joining the merged IGT and Everi enterprise in 2025.

IGT announced that it secured a multi-year sports betting technology and services agreement with Hipodromo de Agua Caliente SA de CV and Distribuidora Internacional de Equipos de Juego, S. De R.L. De C.V. that will significantly extend IGT PlaySports' footprint to Mexico and Latin America via Corporacion Caliente. Per the agreement, 42 Caliente sportsbooks in Mexico will leverage the IGT PlaySports platform and services from the Company's Trading Advisory Services Team. Through a phased rollout, Caliente will also be able to provide select sportsbooks operators throughout Latin America access to IGT PlaySports' technology, extending the technology's reach to more than 100 additional venues across eight countries.

International Game Technology (IGT), doing business as Brightstar Lottery, announced it has completed the sale of its Gaming & Digital business to a holding company owned by funds managed by affiliates of Apollo Global Management (APO) on July 1. Effective July 2, Brightstar will begin trading on the New York Stock Exchange under its business name, Brightstar Lottery, and new ticker symbol, BRSL. The company's CUSIP will not change, and no action is needed from current stockholders, the company noted. The company received approximately $4.0B of net cash proceeds that are expected to be allocated in the following manner: $2.0B used for previously disclosed contractual commitment to reduce debt; $1.1B to be returned to shareholders; $500M to partially fund upcoming Italy Lotto license payments; and $400M to be used for general corporate purposes. The company's board of directors declared a special cash dividend to common stockholders in the amount of $3.00 per share. The record date of the distribution is July 14 and it will be payable on July 29. In addition, the board authorized a $500M, two-year share repurchase program. The new authorization replaces the company's existing share repurchase program. "The company intends to maintain a strong balance sheet with target net debt leverage around 3.0x supported by robust cash flow generation. Pro forma for the transaction, approximately $100M of residual post-closing transaction costs, the full upfront payments associated with the new Italy Lotto license, and the $1.1B of capital returned to shareholders, net debt leverage as of March 31, 2025, was 3.5x," the company stated.