What happened Shares of International Game Technology (NYSE: IGT) were rising 6.5% higher heading into midday trading Monday, after the gaming company announced it was selling its Italian business-to-consumer gaming machine, sports betting, and digital gaming businesses to Apollo Global Management for $1.15 billion. So what IGT, which provides gaming experiences in physical and digital form, whether it's gaming machines, lotteries, or sports betting, is planning on focusing on the business-to-business segment of the market that it knows especially well. Image source: Getty Images. It will sell the share capital of the Italian businesses of Lottomatica Videolot Rete and Lottomatica Scommesse to Gamenet Group, a subsidiary of Apollo. Now what IGT is going back to basics and continuing to streamline its business to save money. The sale should help improve the gaming company's profits, and it ought to eliminate the drag that the tax and regulatory policies of Italy caused for IGT. For example, Italy imposed a value-added tax at the start of 2020. IGT routinely highlighted its business in Italy as an enduring risk factor for the tech stock's performance. 10 stocks we like better than International Game TechnologyWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and International Game Technology wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Rich Duprey has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source