Apollo Completes $6.3 Billion Acquisition of IGT and Everi to Form Global Gaming Leader
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Apollo Global Management has completed its $6.3 billion all-cash acquisition of IGT’s Gaming & Digital business and Everi Holdings Inc. The new global gaming, digital, and FinTech company will be based in Las Vegas. For players, this means new games, better gaming platforms and improved betting experiences as the combined company brings together its best ideas and technology.
Who Are IGT and Everi?
IGT, short for International Game Technology, is a provider of gaming machines, game content and systems for casinos worldwide. It makes slot machines, lottery systems and digital games for casinos all over the world. The company has gaming licenses in over 100 countries, including Malta and the UK.
IGT’s Most Popular Games to Check Out
- Cleopatra
- Wheel of Fortune
- Da Vinci Diamonds
- Golden Goddess
- Wolf Run
Everi Holdings is an American company based in Las Vegas, Nevada, which focuses on financial technology (FinTech) for casinos and makes gaming equipment. It helps casinos manage money transactions, provides cash access services and creates casino management systems.
Both companies have strong market positions in the gaming industry and operate in multiple countries. Before the acquisition IGT’s business was split between gaming, digital and lottery, while Everi focused on casino technology and financial solutions.
Transaction Details
| Aspect | Amount (USD) | Notes |
|---|---|---|
| Total Purchase Price | $6.3 billion | All-cash transaction |
| Everi Shareholder Payout | $14.25 per share | Premium payout, stock delisted |
| IGT Gross Cash Proceeds | $4.05 billion | From sale of Gaming & Digital |
The deal is valued at $6.3 billion and was paid entirely in cash. Everi shareholders got $14.25 per share in cash, more than the market price before the deal was announced.
IGT got $4.05 billion in gross cash from selling its Gaming & Digital business to Apollo. As part of the deal, Everi’s common stock has been removed from the New York Stock Exchange, since the company is now privately owned by Apollo. The last day of trading for Everi shares was June 30, 2025.
Final Product – New Company to be Called IGT
The new IGT will be organised into three main business units:
- Gaming – Slot machines and casino equipment
- Digital – Online games and sports betting
- FinTech – Financial technology and payment systems
The combined company will be called IGT, though the Everi brand will still be used in certain markets and for specific products. Nick Khin will be Interim CEO and Hector Fernandez will become CEO in Q4 2025.
This means more games and more innovation. Players will see new slot machines, baccarat variants, digital casino games with better rules and more player-friendly betting limits. We can expect:
- IGT’s game libraries – Cleopatra and Wheel of Fortune and more
- Everi’s financial tech – easier and safer to manage your money
- Digital capabilities – better mobile gaming and online features
You might see new versions of popular slots like Cleopatra III or Wheel of Fortune: Luxury Edition, progressive jackpot networks connecting more casinos, faster cashless payments with your phone and better loyalty programs that work across multiple casinos.
Expected Game Types and Features Post-Merger
| Game Type | Strength | Expected Improvements |
|---|---|---|
| Slot Machines | IGT’s slot titles | More themes, higher payout rates, bonus rounds |
| Baccarat Variants | Everi’s casino tech | Live dealer options, fairer odds |
| Digital Games | IGT Digital & Everi | Seamless mobile play, new betting limits |
Our References For Further Reading
- Apollo Completes $6.3 Billion Acquisition of IGT and Everi to Form Global Gaming Leader | Nasdaq
- Apollo Funds Complete Acquisitions of International Game Technology’s Gaming & Digital Business and Everi; Combined Enterprise to Operate as IGT
- LinkedIn – https://www.linkedin.com/posts/igt_apollo-funds-complete-acquisitions-of-international-activity-7345805170829668355-kVV-?
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