Private equity firm Apollo Global Management, which sold its ownership stake in a small gaming equipment provider nearly a year ago, may want to get back into the slot machine business.
The Venetian, Palazzo and Venetian Expo operator is considering a $4 billion to $5 billion purchase of International Game Technology’s global gaming and digital gaming divisions, according to a report last week by Bloomberg News.
The global gaming division includes IGT’s legacy gaming equipment operations, including ownership of the Wheel of Fortune slot machine brand. IGT’s digital business includes its sports betting platform and its sportsbook management operations.
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.