• Brightstar Lottery confirmed it finalized the sale of its Gaming & Digital business
• After it recently changed its name, Brightstar Lottery will now trade under the BRSL ticker on the NYSE
• Divesting its Gaming & Digital business, the company announced plans to return $1.1bn to shareholders and use $2.0bn for debt reduction

The innovative and leading company in the lottery industry, International Game Technology (IGT), doing business as Brightstar Lottery, confirmed the finalization of the sale of its Gaming & Digital business.

The divestment, completed on July 1, 2025, saw the holding company owned by funds managed by affiliates of Apollo Global Management, acquire Brightstar Lottery's Gaming & Digital business.

Brightstar Lottery trades under new NYSE ticker, unveils plans for debt reduction and shareholder return

Ahead of the completion of the sale, IGT Lottery has gone through rebranding, changing its name to Brightstar Lottery.

The change also affects the symbol the company will trade with on the New York Stock Exchange.

As of July 2, 2025, Brightstar Lottery will trade under BRSL, its new ticker symbol on the New York Stock Exchange.

While the ticker symbol has changed, the company explained that its CUSIP will remain the same and its current stockholders are not required to engage in any actions.

Selling its Gaming & Digital business, Brightstar Lottery received approximately $4.0bn in net cash proceeds.

A statement released by the company confirms the manner it plans to allocate the aforementioned sum and offers a detailed breakdown.

Per the released plan, Brightstar Lottery intends to return $1.1bn to shareholders and use $2.0bn to reduce debt.

On the other hand, $400m would be used for "general corporate purposes," while $500m would be allocated for the funding of forthcoming license payments in Italy.

Divesting its Gaming & Digital business, the company is positioned well for further growth

Vince Sadusky, Brightstar Lottery's CEO, spoke about the completed sale of the company's Gaming & Digital business.

"Today marks an exciting new chapter for the Company, one that builds on a long legacy of delivering responsible, sustainable solutions through our products, services, technology, and insights," he explained.

Finally, Sadusky praised the company's team for their dedication, innovation and commitment to fueling its growth.

Marco Sala, Executive Chair of Brightstar Lottery, added: "The sale of the Gaming & Digital business positions Brightstar for an exciting future."

Speaking about the company's intention to allocate the received funds, the executive acknowledged that the plan will reduce debt while at the same time bringing a substantial return to shareholders.

Last but not least, Sala said that the allocation includes growth investment, predicting that this will deliver further value for company shareholders.

Last month, Brightstar Lottery's Vice President of Global Lottery Marketing, Michelle Carney, earned a spot in the Lottery Industry Hall of Fame.

Recognizing her decades of work in the lottery vertical, she will be inducted as a member of the Class of 2025.

The official induction into the Lottery Industry Hall of Fame will be completed at a ceremony in September.

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