IGT Selling Italian Payments Unit for $788 MillionWritten by: Todd Shriber

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International Game Technology (NYSE:IGT) announced today its IGT Lottery S.p.A. is selling its its Italian proximity payment business to PostePay S.p.A. — Patrimonio Destinato IMEL for $788.31 million. IGT’s board of directors approved the transaction, which is slated to close in the third quarter. The buyer wasn’t identified by the gaming company. The sale price
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