Apollo completes IGT and Everi acquisition
The combined IGT Gaming & Digital Business and Everi will operate as IGT.
Key points:
– Apollo has confirmed the completion of its $6.3bn acquisition of IGT’s gaming and digital division and Everi
– The combined brand will trade under IGT
– IGT Interim CEO Nick Khin calls it “a defining moment for our industry.”
Apollo has confirmed it has completed its $6.3bn acquisition of Everi and IGT’s gaming and digital division. The acquisition, which was first announced in July 2024, with the merger approved by Everi stockholders in November.
As part of the acquisition, IGT split its lottery and non-lottery operations. Its lottery operations rebranded and launched as Brightstar Lottery, with non-lottery operations merged with Everi to form the brand now operating as IGT.
On the completed acquisition, IGT Interim CEO Nick Khin said: “This is a defining moment for our industry. By uniting two leading organisations, we are building an enterprise with the scale, talent and technology to lead the future of gaming.
Good to know: Hector Fernandez will take on the role of CEO of IGT in the final quarter of the year
“With Apollo’s support, we are very well-positioned to deliver exceptional content across land-based and digital experiences, along with integrated financial solutions and casino management that enhance the player journey and drive value for our customers. I’m honored to be part of this exciting chapter and to help shape the future of IGT.”
Apollo Partner Daniel Cohen said: “Bringing together highly complementary businesses creates a more competitive, agile and well-capitaliased platform built for long-term growth.
“We are confident that IGT is well positioned to deliver differentiated content and capabilities that better serve customers across the globe. We look forward to working closely with Hector, Nick and the rest of the talented IGT team to lead the industry forward.”
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