International Game Technology updates on its transformation to Brightstar Lottery
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 01 2025
0mins
Should l Buy ?
Source: SeekingAlpha
Sale Completion and New Branding: International Game Technology PLC has completed the sale of its Gaming & Digital business to a holding company managed by Apollo Global Management, effective July 2, rebranding as Brightstar Lottery with the new ticker symbol BRSL.
Financial Strategy Post-Sale: The company plans to use approximately $4.0 billion in net cash proceeds from the sale to reduce debt, issue a special dividend, fund share repurchases, and support future investments, while aiming for a target net debt leverage of around 3.0X.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
