Business
December 7, 2020
Apollo Signs $1.15 Billion Deal to Acquire IGT’s B2C Lottomatica Businesses
IGT announced on December 6 it will sell its B2C Lottomatica businesses to Apollo Global Management’s investment subsidiary for $1.15 billion. IGT Board Unanimously Approves Billion-Dollar Deal Multinational gaming provider International Game Technology (IGT) announced yesterday it has agreed to sell its Italian B2C Lottomatica businesses to Apollo Global Management’s finance subsidiary Gamenet Group for […]
Legal
October 30, 2020
IGT Suspends 4 Lottomatica Employees Involved in €24 Million Fraud
The Special Currency Police Unit of Italy’s law enforcement agency Guardia di Finanza has arrested 12 individuals connected to lottery fraud. Current and former employees of Lottomatica Holdings, a subsidiary of International Game Technology (IGT), and their families allegedly devised to collect jackpots via scratch-off tickets. Suspects Allegedly Collected €24 Million in Four Years Four […]