{"id":9262,"date":"2025-06-12T06:50:10","date_gmt":"2025-06-12T06:50:10","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/06\/12\/apollo-gets-nevada-approval-for-igt-and-everi-merger\/"},"modified":"2025-06-12T06:50:10","modified_gmt":"2025-06-12T06:50:10","slug":"apollo-gets-nevada-approval-for-igt-and-everi-merger","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/06\/12\/apollo-gets-nevada-approval-for-igt-and-everi-merger\/","title":{"rendered":"Apollo Gets Nevada Approval for IGT and Everi Merger"},"content":{"rendered":"<div>\n<p>A major casino industry merger is close to wrapping up after receiving a green light in Nevada. The Nevada Gaming Control Board has approved Apollo Global Management\u2019s <strong><a href=\"https:\/\/igaming.org\/casino-news\/apollo-acquires-everi-and-igt-gaming-digital-for-6-3-billion\/\">$6.3 billion purchase<\/a><\/strong> of International Game Technology and Everi Holdings, putting the deal on track to close by July 1, 2025.<\/p>\n<hr>\n<p><strong><em>Good to know<\/em><\/strong><\/p>\n<ul>\n<li><strong><em>Everi shareholders will receive $14.25 per share in cash.<\/em><\/strong><\/li>\n<li><strong><em>IGT will sell its Gaming and Digital divisions for $4.05 billion.<\/em><\/strong><\/li>\n<li><strong><em>Final sign-offs are expected from Nevada and Pennsylvania regulators in late June.<\/em><\/strong><\/li>\n<\/ul>\n<hr>\n<p>Apollo Global Management plans to acquire both IGT and Everi Holdings and combine them into one privately owned business. The new combined operation will continue under the IGT name. The Nevada Gaming Commission is expected to issue final approval on June 26, followed by clearance from the Pennsylvania Gaming Control Board.<\/p>\n<p>IGT\u2019s current President of Global Gaming, Nick Khin, will take on the role of interim CEO of the unified business. He will fill the position until Hector Fernandez completes a non-compete agreement with Aristocrat Gaming later in the year. Once that agreement ends, Khin will shift back to leading IGT\u2019s global gaming division, with Fernandez set to take over as CEO.<\/p>\n<h2>Details on the Buyout Terms<\/h2>\n<p>Under the agreement, Everi Holdings shareholders are set to receive $14.25 per share in cash, pushing Everi\u2019s total valuation to approximately $2.25 billion. IGT, on the other hand, will receive $4.05 billion in return for selling its Gaming and Digital segments to Apollo. Once completed, both companies will operate privately under Apollo\u2019s ownership.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"BetUS\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/BetUS.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"BetUS\" target=\"_blank\" rel=\"nofollow\">BetUS<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of up to $2,500<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino &#038; Sports<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>As part of the transition, the Nevada Gaming Control Board also recommended removing IGT\u2019s public company status. Once approved, IGT will no longer trade publicly. NGCB Chairman Kirk Hendrick commented on the process, stating the deal was \u201cmuch easier\u201d to handle thanks to regulators\u2019 existing familiarity with the involved companies. Hendrick is scheduled to step down from his role on June 23.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/apollo-gets-nevada-approval-for-igt-and-everi-merger\/\">Apollo Gets Nevada Approval for IGT and Everi Merger<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A major casino industry merger is close to wrapping up after receiving a green light in Nevada. The Nevada Gaming Control Board has approved Apollo Global Management\u2019s $6.3 billion purchase of International Game Technology and Everi Holdings, putting the deal on track to close by July 1, 2025. Good to know Everi shareholders will receive [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-9262","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=9262"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9262\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}