Brightstar Lottery has completed the sale of its Gaming & Digital business to Apollo Global Management, resulting in a significant capital return to shareholders and a strategic focus on its core lottery operations.

Target Company Overview

International Game Technology PLC, operating under the name Brightstar Lottery, is a prominent figure in the global lottery industry. The company specializes in delivering secure technology and comprehensive lottery solutions that encompass both retail and digital platforms. With a robust employee base of approximately 6,000, Brightstar has established strong partnerships with governments and regulatory bodies worldwide, maintaining a commitment to integrity and responsibility.

The company recently announced a strategic shift that includes the sale of its Gaming & Digital business. This decision is part of a broader vision to streamline operations and focus on its core lottery activities while enhancing shareholder value.

Industry Overview in the United States

The lottery industry in the United States has experienced significant growth in recent years, driven by the increasing acceptance of digital and online gaming platforms. As more states s