IGT details $6.3bn Apollo transaction and reports $1.049bn in Q2 revenue
IGT chief executive Vince Sadusky discussed the planned $6.3bn sale of its gaming and digital businesses to Apollo Global Management during an investor call. IGT reported Q2 2024 revenue of $1.049bn, including $613m from global lottery and $436m from games and digital; Sadusky said proceeds would be used in part to repay debt and return capital to shareholders after completion.
Investors can assess how the planned sale proceeds may support debt repayment and shareholder returns after completion.