Nevada board gives initial approval to IGT-Everi megadeal
Summary
The Nevada Gaming Control Board has granted initial approval for a significant merger involving IGT and Everi, backed by Apollo Global Management. This deal is expected to reshape the gaming supplier landscape, with the regulatory process currently underway.
Source: Nevada board gives initial approval to IGT-Everi megadeal
Key Points
- Initial approval granted unanimously by the Nevada Gaming Control Board.
- The merger involves Apollo’s $6.3 billion acquisition of both IGT and Everi.
- New entity will retain the IGT name and be headquartered in Nevada.
- All items related to ownership transfers were approved, paving the way for the next steps in the merger process.
- Final decision by the Nevada Gaming Commission set for June 26.
Why should I read this?
If you’re keeping your finger on the pulse of the gaming industry, this merger is a big deal! It’s not just some boardroom gossip, it’s shaping the future of gaming suppliers. Ignoring this news could mean missing out on significant changes that may affect the entire sector. Dive in and see how this might impact your interests!