IGT and Everi Merger Approved; Apollo Closing Deal July 1

Apollo Global Management secured final approval from the Nevada Gaming Control Board (NGCB) to complete its $6.3 billion acquisition of the soon-to-be combined IGT and Everi gaming entity. Apollo expects the deal to officially close next Tuesday, July 1.

Good to know

• Apollo currently owns major Las Vegas resorts, including Venetian and Palazzo.
• IGT is moving its headquarters back to Las Vegas after nearly ten years away.
• IGT’s lottery division has separated and now operates as Brightstar Lottery.

Initially revealed in February 2024, Apollo’s acquisition involves splitting IGT’s gaming and digital divisions from its lottery business. IGT’s lottery segment now stands independently under the name Brightstar Lottery, a strategic move made earlier this month.

The NGCB gave unanimous backing earlier in June, which set the stage for Apollo’s final approval. This acquisition also means that IGT will relocate its headquarters from Italy to Las Vegas, returning after a decade away following its merger with Italy-based Gtech Holdings in 2015.

Apollo confirmed the timeline clearly, stating: “Following this latest approval, the deal is set to close next Tuesday, July 1.” With Everi, a Las Vegas-based gaming equipment provider, joining IGT’s gaming and digital business, the newly combined entity is expected to strengthen Apollo’s gaming portfolio significantly.

This shift enables the new IGT-Everi group to concentrate fully on gaming equipment and digital gaming technology, marking a strategic refocus for the company.

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