Nevada board gives initial approval to IGT-Everi megadeal
Summary
The Nevada Gaming Control Board has given its initial approval to the IGT-Everi merger, a significant corporate deal valued at $6.3 billion led by Apollo Global Management. This merger is intriguing as it promises to transform the gaming supplier landscape, with implications for the future of gaming technology and operations.
Key Points
- The Nevada Gaming Control Board approved the merger of IGT and Everi, set to reshape the gaming supplier industry.
- This $6.3 billion deal includes significant regulatory discussions about ownership and compliance protocols.
- The merged entity will be headquartered in Nevada, a pivotal location for gaming operations.
- IGT’s substantial lottery business will be spun off as a separate company under a different brand.
- The transaction aims to close by July 1, pending eight more jurisdiction approvals, with Pennsylvania being crucial.
Why should I read this?
This article dives into a massive deal that could potentially reshape your favourite gaming experiences. Whether you’re in the industry or just a fan, this merger’s implications for technology and operations are worth your attention! Get ahead of the curve and learn what this means for the gaming landscape!