(Reuters) - International Game Technology announced the spinoff of its Global Gaming and PlayDigital businesses, which will be integrated with gaming machine maker Everi Holdings in a deal valued at $6.2 billion, including debt.

The deal follows an overhaul of the two subsidiaries and will leave the pure global lottery business in Igt's hands. In the third quarter, the lottery business accounted for more than half of the company's total revenues.

Shareholders of Igt (controlled by De Agostini) are expected to own about 54 percent of the post-merger company and those of Everi the rest.

After the deal closes, expected in late 2024 or early 2025 depending on regulatory approvals, Everi will change its name to International Game Technology and be listed on the New York Stock Exchange as Igt.

(Translated by Laura Contemori, editing Sabina Suzzi)