Nevada board gives initial approval to IGT-Everi megadeal
Summary
The Nevada Gaming Control Board has given initial approval to a major merger between IGT and Everi, potentially reshaping the gaming supply landscape. Apollo Global Management is orchestrating this $6.3 billion acquisition, marking a significant move in the gaming industry. The final ruling by the Nevada Gaming Commission is expected on 26 June.
Source: Nevada board gives initial approval to IGT-Everi megadeal
Key Points
- The merger involves IGT’s gaming business and Everi’s financial technology division, with the new entity being headquartered in Nevada.
- The deal was announced in July 2025, and the Nevada Gaming Commission is set to provide a final ruling on 26 June.
- Apollo aims to streamline operations and enhance product offerings to drive long-term value creation.
- This merger could bolster the combined customer base with cross-selling opportunities, potentially surpassing competitors like Aristocrat.
- Initial compliance and approval processes are still underway, with eight more approvals needed to close the transaction.
Why should I read this?
If you’re keen on the latest shifts in the gaming industry, this article digs into a merger poised to change the landscape dramatically. The implications for suppliers and operators alike are significant, making this read worthwhile to stay ahead of the game!