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Dec. 7, 2020, 5:57 a.m. EST

International Game Technology selling Italian gaming business to Apollo

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By Steve Goldstein

IGT

International Game Technology /zigman2/quotes/202670793/composite IGT -3.37% said it's selling Lottomatica Videolot Rete and Lottomatica Scommesse, its Italian B2C gaming machine, sports betting, and digital gaming businesses, to Apollo Global Management for €950 million ($1.15 billion). IGT said the deal was struck at an attractive multiple to comparable Italian transactions and provides enhanced financial flexibility.

/zigman2/quotes/202670793/composite
US : U.S.: NYSE
$ 25.21
-0.88 -3.37%
Volume: 1.53M
Jan. 27, 2022 4:00p
P/E Ratio
23.55
Dividend Yield
3.17%
Market Cap
$5.35 billion
Rev. per Employee
$355,279
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