IGT, one of the world's largest lottery service providers, recently disclosed a cybersecurity breach that occurred on November 17, when unauthorized third parties gained access to certain company systems. The company has initiated its cybersecurity response plan and temporarily taken some systems offline as a protective measure.

The gaming giant is working with external advisors to investigate and remediate the unauthorized activity, focusing on safely restoring affected systems. While the full financial impact remains unclear, Stifel analyst Jeffrey Stantial suggests the breach's effects will likely be "immaterial" if addressed promptly.

Key points about the breach:

• Limited to internal systems, not affecting consumer-facing operations
• Potential delays in product/software deliveries expected to be brief
• Business continuity plans are operational
• Company maintaining "business as usual" operations where possible

The incident comes shortly after Everi Holdings shareholders approved a $6.3 billion merger with IGT's global gaming and PlayDigital units, though there's no evidence connecting these events. The merger, which includes Apollo Global Management, is scheduled to complete in Q3 2025.

The company continues to investigate the incident while working to restore full system functionality, with minimal disruption to its core business operations anticipated.

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