Nevada board gives initial approval to IGT-Everi megadeal
Summary
The Nevada Gaming Control Board has granted initial approval for the IGT-Everi merger, amidst discussions of a significant corporate reshaping in the gaming supplier sector. The merger, valued at $6.3 billion, involves Apollo Global Management acquiring both companies and aims to create a new entity that will operate under the IGT name.
Key Points
- The merger is considered one of the biggest corporate deals in the supplier sector, anticipated to close by the end of June.
- Apollo Global Management is set to merge IGT’s gaming business with Everi’s technology solutions.
- Nevada is a crucial regulatory environment for this merger, with significant implications for the gaming industry.
- The initial approval by the Nevada Gaming Control Board represents a critical step in the merger process.
- The new entity plans to innovate and cater to the demands of operators like Caesars and Venetian.
Why should I read this?
If you’re into gaming and tech, this article is right up your alley! The IGT-Everi merger could shake things up in the gaming supplier world, and knowing the ins and outs of this deal will keep you ahead of the curve. Don’t miss out on how this will influence industry trends and the competitive landscape!