Nevada Board Gives Initial Approval to IGT-Everi Megadeal
Summary
The Nevada Gaming Control Board has given initial approval for a major merger between the gaming suppliers IGT and Everi, a deal projected to reshape the gaming landscape. The $6.3 billion merger is led by Apollo Global Management, aiming to streamline operations and enhance product offerings in the industry.
Key Points
- The merger has received unanimous initial approval from the Nevada Gaming Control Board.
- IGT’s gaming operations will merge with Everi’s financial technology business.
- Apollo aims to close the gap with competitors Aristocrat and Light & Wonder.
- The transaction includes a spin-off of IGT’s lottery business into a separate publicly traded entity.
- The combined slot machine base will surpass that of major competitors, offering new cross-selling opportunities.
Why should I read this?
If you’re interested in the gaming industry, this merger is about to shake things up! This article breaks down a monumental deal that could redefine the landscape of gaming suppliers, making it a must-read. Stay ahead of the game and find out how this merger might impact the future of gaming tech.