Nevada board gives initial approval to IGT-Everi megadeal
Summary
The Nevada Gaming Control Board has given initial approval for a significant merger between IGT and Everi, following a comprehensive review. This merger, backed by Apollo Global Management, could reshape the gaming supply landscape, with the state poised to be a central hub for the new entity.
Key Points
- Initial approval received from the Nevada Gaming Control Board for the IGT-Everi merger.
- Apollo Global Management’s $6.3 billion acquisition aims to merge IGT’s gaming business with Everi’s technology.
- The merged company will retain the IGT name and spin off the lottery business into a separate entity.
- The Nevada board’s unanimous approval marks a crucial step towards finalising the merger.
- The combined enterprise’s slot machine base is expected to surpass that of major competitors like Aristocrat.
Why should I read this?
If you’re keeping up with the gaming industry, this is one merger you won’t want to miss! The IGT-Everi deal is shaping up to be a game-changer, especially if you’re interested in how major players are reshaping the supply chain in gaming. Get the lowdown on what this could mean for the industry’s future!