Nevada board gives initial approval to IGT-Everi megadeal
Summary
The Nevada Gaming Control Board has given initial approval for a significant merger between IGT and Everi, which could reshape the gaming supplier landscape. This merger, valued at $6.3 billion, is expected to close by the end of June 2025. Key figures from Apollo Global Management, IGT, and Everi presented before the board to discuss ownership transfers and compliance.
Key Points
- Initial approval of the IGT and Everi merger by the Nevada Gaming Control Board.
- The merger is estimated to be worth $6.3 billion and could close by 1 July 2025.
- Nick Khin is positioned as interim CEO of the merged entity.
- The merger aims to improve long-term value and create a more competitive gaming portfolio.
- Fitch Ratings maintains a positive outlook on the new entity’s performance.
Why should I read this?
If you’re in the gaming industry or just a curious observer, this article is a must-read! The IGT-Everi merger is set to shake things up and could have major implications for the game tech landscape. Get clued up on the potential changes before they happen.