The division provides equipment, technology and wagering odds assistance to more than 100 casinos in more than 30 states and Canadian provinces. In 2018, IGT created a digital gaming division to capitalize on the expansion of legal sports betting in the U.S. In 2015, lottery giant GTECH acquired casino-centric IGT in a $6.4 billion buyout with the combined company taking on the IGT name. IGT generates more than 64 percent of its revenue from its worldwide lottery business. Jonas said IGT began contemplating a sale because there is a “lack of market appreciation” in its business structure. 15 research note after holding an investor meeting with IGT executives, said the company did not offer any specific updates on the potential division sales. Truist Securities gaming analyst Barry Jonas, writing in a Sept. IGT, which is headquartered in Italy but maintains a small corporate office in Las Vegas and a manufacturing facility in Reno, said in June it was “evaluating strategic alternatives” for the two business units.
