Gaming equipment manufacturer and content provider International Game Technology Plc (IGT) on Tuesday reported preliminary estimates for selected financial results from its gaming and digital business.
The company stated that the unit is expected to post adjusted revenue of between US$370 million and US$410 million for the first quarter of 2025.
IGT’s gaming and digital segments have been classified as “discontinued operations” since the third quarter of last year. The latest forecast did not include year-on-year comparisons; IGT said the estimates were produced using a different methodology from that applied to its 2024 results.
The group operates three main segments: global lottery, global gaming, and PlayDigital, its online content division.
IGT is set to sell its gaming and digital interests to funds managed by affiliates of private equity firm Apollo Global Management Inc, for US$4.05 billion. The gaming supplier has previously stated that the transaction is expected to be completed by the end of the third quarter of 2025.
Upon completion, the current IGT will become a pure-play lottery services company under a new name and ticker symbol.
Funds affiliated with Apollo will simultaneously acquire gaming technology supplier Everi Holdings Inc, paying US$14.25 per share in cash.
IGT’s gaming and digital business is forecast to post first-quarter adjusted earnings before interest, taxation, depreciation, and amortisation (EBITDA) of between US$120 million and US$135 million, according to Tuesday’s announcement.
Adjusted capital expenditures are expected to have been between US$55 million and US$62 million during the first three months of 2025, the document said.
