Nevada board gives initial approval to IGT-Everi megadeal
Summary
The Nevada Gaming Control Board has granted initial approval for a significant merger between IGT and Everi, which could judge the future landscape of gaming suppliers. The $6.3 billion acquisition by Apollo Global Management promises to combine IGT’s gaming business with Everi’s financial technology sector.
Key Points
- Initial approval was received during the last NGCB meeting chaired by Kirk Hendrick.
- The merger includes the significant transfer of ownership and compliance protocols.
- Nick Khin is approved as interim CEO until new leadership takes over.
- The combined entity aims to become a major supplier in the gaming sector.
- Fitch Ratings expects strong performance from the new entity post-merger.
Why should I read this?
This article dives into a mega-deal that could change the game for IGT and Everi, two heavyweights in the gaming industry. If you’re into the latest trends in gaming regulation and big corporate moves, this is one you won’t want to miss!