Apollo Completes $6.3bn Acquisition of Everi and IGT’s Gaming & Digital Unit

Apollo has finalised its $6.3 billion acquisition of Everi and IGT’s global gaming and digital division, a landmark deal first announced in July 2024 and approved by Everi shareholders in November.

As part of the transaction, IGT separated its operations, spinning off its lottery business under the new Brightstar Lotterybrand. Meanwhile, its non-lottery operations have now been merged with Everi, with the combined entity continuing under the IGT name.

Commenting on the completed deal, IGT Interim CEO Nick Khin said:

“This is a defining moment for our industry. By uniting two leading organisations, we are building an enterprise with the scale, talent and technology to lead the future of gaming.

With Apollo’s support, we are very well-positioned to deliver exceptional content across land-based and digital experiences, along with integrated financial solutions and casino management that enhance the player journey and drive value for our customers. I’m honoured to be part of this exciting chapter and to help shape the future of IGT.”

Hector Fernandez is set to assume the role of CEO of IGT in Q4 2025.

Apollo Partner Daniel Cohen added:

“Bringing together highly complementary businesses creates a more competitive, agile and well-capitalised platform built for long-term growth.

We are confident that IGT is well positioned to deliver differentiated content and capabilities that better serve customers across the globe. We look forward to working closely with Hector, Nick and the rest of the talented IGT team to lead the industry forward.”

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