Apollo funds complete acquisitions of IGT’s Gaming, Digital business and Everi

Apollo (APO) announced the completion of the previously announced acquisitions of International Game Technology’s (IGT) Gaming & Digital Business and Everi Holdings (EVRI) by a holding company owned by funds managed by Apollo affiliates. The all-cash transaction, valued at approximately $6.3B, brings together complementary businesses to form a privately held global leader in gaming, digital and financial technology solutions. The two companies will be integrated into a combined enterprise in the coming months. Headquartered in Las Vegas, the combined enterprise will operate under the IGT name, while retaining the Everi brand in select markets and product lines. IGT will be organized into three business units: Gaming, Digital and FinTech, creating a customer-first enterprise supported by a people-first culture that values talent, collaboration and innovation. As previously announced, Hector Fernandez is expected to assume the role of CEO of IGT in the fourth quarter of 2025, following the expiration of a customary non-compete period. Until then, Mr. Khin will lead the organization and transition into the role of CEO of IGT’s Gaming business unit upon Mr. Fernandez’s arrival. Effective today, Everi common stock has been delisted from the New York Stock Exchange. Everi stockholders are receiving $14.25 per share in cash, and International Game Technology PLC is receiving $4.05B of gross cash proceeds