Nevada board gives initial approval to IGT-Everi megadeal
Summary
The Nevada Gaming Control Board has given the green light to one of the largest mergers in gaming history, as IGT and Everi prepare to merge under Apollo Global Management. The deal is set to close by the end of this month, pending final regulatory approvals.
Key Points
- The merger could be finalised by the end of June 2025.
- Current IGT President Nick Khin is up for interim CEO of the new entity.
- The combined company will retain the IGT name but will spin off its lottery business.
- The merger aims to strengthen IGT’s position against rivals like Aristocrat and Light & Wonder.
- Additional regulatory approvals are still required for completion.
Why should I read this?
If you’re interested in the gaming industry or corporate mergers, this article covers a crucial development that could reshape the supplier landscape. The IGT-Everi deal is one to watch, with significant implications for the future of gaming technology and competition.