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IGT Selling Italian Gaming Device, Sports Betting Units to Apollo Unit for $1.15 BillionWritten by: Todd Shriber

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International Game Technology (NYSE:IGT) is selling its Italian digital gaming, gaming machine and sports wagering operations to Gamenet Group S.p.A., a group of affiliated funds run by private equity giant Apollo Global Management, for $1.15 billion. Selling the businesses known as Lottomatica Videolot Rete S.p.A. and Lottomatica Scommesse S.r.l. enables IGT to reduce debt, which
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