Nevada board gives initial approval to IGT-Everi megadeal
Summary
The IGT-Everi merger, valued at $6.3 billion, received initial approval from the Nevada Gaming Control Board. This could potentially reshape the gaming supplier landscape, marking one of the largest corporate mergers in the sector’s history. The board’s unanimous approval of the items discussed is a significant step towards completing the merger, pending further regulatory approvals.
Key Points
- The merger combines IGT’s gaming business with Everi’s gaming and financial technology sectors.
- It aims to close the gap in market competitiveness against leaders like Aristocrat and Light & Wonder.
- New management will take over, with IGT’s president serving as interim CEO until the merger’s completion.
- The Nevada Gaming Commission will provide final ruling by 26 June.
- Fitch Ratings anticipates strong performance from the new entity.
Why should I read this?
If you want to stay in the loop about one of the biggest corporate shifts in the gaming industry, then this article is a must-read! The IGT-Everi merger could change the landscape dramatically, and being informed means you’re ahead of the game. Don’t miss out on what this could mean for investors and stakeholders alike.