IGT said on 17 June that it had renamed its lottery business Brightstar, ahead of a planned spin-off next month. The business is expected to become a pure-play lottery company after the sale of IGT’s Gaming and Digital division to an Apollo Global Management affiliate, which is expected to complete on 1 July.
The rebrand precedes the separation of IGT’s lottery operations from its gaming and digital business.
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IGT said Adam Chibib will become its chief financial officer on 1 November, subject to regulatory approvals. He will succeed Fabio Celadon, who leaves the CFO role on 31 October and will remain with the company through year-end to support the transition.
IGT is licensed by gaming commissions in every US state with legal online casinos, including New Jersey, Michigan and Pennsylvania, and by the Malta Gaming Authority, the UK Gambling Commission and the Alderney Gambling Control Commission, according to an overview. The report said Apollo Global Management completed a $6.3bn acquisition of IGT's Gaming & Digital division and Everi Holdings in July 2025.
IGT chief executive Hector Fernandez told employees on 23 March that the company would eliminate 700 jobs worldwide, about 10% of its workforce. He said the cuts were intended to align resources with business priorities and were not performance-related; the company did not specify how many roles in Nevada would be affected.
OLG will integrate Brightstar Lottery’s Sales Wizard with its central system in Ontario, the companies said. The mobile tool provides sales teams with data on sales, instant-ticket inventory and displays, and point-of-sale equipment; Brightstar said OLG will be the 25th lottery to use it.
IGT confirmed that Hector Fernandez has started as CEO of its gaming business after completing contractual obligations that delayed his arrival. Nick Khin will leave his company post and become a strategic adviser to senior leadership and the board; IGT’s digital and FinTech units will remain led by Gil Rotem and Darren Simmons, respectively.