Nevada Board Gives Initial Approval to IGT-Everi Megadeal
Summary
The Nevada Gaming Control Board has given its initial approval for the significant merger between IGT and Everi, potentially reshaping the gaming supplier landscape. This deal, worth $6.3 billion and backed by Apollo Global Management, will see both firms maintain their operational focus while aiming to innovate and expand.
Key Points
- The Nevada Gaming Control Board approved items relating to the IGT-Everi merger unanimously.
- The merger represents one of the biggest deals in the gaming industry in recent history.
- IGT’s gaming business will merge with Everi’s gaming and financial technology operations.
- The combined entity will work towards enhancing innovation and product offerings for casino operators.
- The Nevada Gaming Commission is set to make a final ruling on June 26.
Why should I read this?
If you’re into gaming, tech, or business moves, this article is essential reading! The merger between IGT and Everi is a huge development that could change the game for operators and suppliers alike. With big stakes involved, knowing the ins and outs can keep you ahead of the curve.