Gaming equipment giant International Game Technology may be taking a page out of the playbook of rival Light & Wonder.
The Italy-based company, which maintains a small corporate office presence in Las Vegas and a manufacturing facility in Reno, said last week it was “evaluating strategic alternatives” for its global gaming and digital operations business segments.
In a statement, company executives said the range of options included a sale, merger or spinoff of the divisions, as well as further investment.
The announcement came three days after IGT said it reached a new 10-year licensing agreement with Sony Pictures Television for the exclusive rights to use the Wheel of Fortune brand across the company’s casino, lottery and social gaming products through the end of 2034.
