{"id":9392,"date":"2025-07-02T01:13:51","date_gmt":"2025-07-02T01:13:51","guid":{"rendered":"https:\/\/casino-online-best.com\/index.php\/2025\/07\/02\/apollo-funds-officially-acquire-igt-and-everi\/"},"modified":"2025-07-02T01:13:51","modified_gmt":"2025-07-02T01:13:51","slug":"apollo-funds-officially-acquire-igt-and-everi","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/07\/02\/apollo-funds-officially-acquire-igt-and-everi\/","title":{"rendered":"Apollo Funds Officially Acquire IGT and Everi"},"content":{"rendered":"<div>\n<p>Apollo Funds has officially wrapped up its $6.3 billion acquisition of IGT\u2019s gaming and digital business, nearly a year after first announcing the move. The deal also includes Everi, and together, the two will now operate as one combined company under the IGT name, fully owned and managed by Apollo.<\/p>\n<hr>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>IGT\u2019s gaming and digital operations have merged with Everi under Apollo ownership.<\/strong><\/em><\/li>\n<li><em><strong>The company\u2019s new headquarters will be based in Las Vegas.<\/strong><\/em><\/li>\n<li><em><strong>A separate entity, Brightstar Lottery, will now manage IGT\u2019s former lottery business.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<p>This merger marks a big shift for IGT. Its lottery division has split off into its own business called Brightstar Lottery, while the gaming and digital sides will move forward with Everi as part of a new-look IGT. Apollo is backing the combined company, aiming to create a stronger, more focused gaming platform with greater reach in both land-based and digital markets.<\/p>\n<p>Former Aristocrat CEO Hector Fernandez is set to lead the merged business. His appointment was first announced in late 2024, and he will now take the reins as the group\u2019s new chief executive. Nick Kihn, who served as IGT\u2019s interim CEO, shared his thoughts on the completed deal.<\/p>\n<p><em>\u201cThis is a defining moment for our industry,\u201d<\/em> Kihn said. <em>\u201cBy uniting two leading organizations, we are building an enterprise with the scale, talent and technology to lead the future of gaming. With Apollo\u2019s 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.\u201d<\/em><\/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>Daniel Cohen, Partner at Apollo, added that the deal brings together two highly complementary businesses to create \u201ca more competitive, agile and well-capitalized platform built for long-term growth.\u201d He said the firm looks forward to supporting the IGT team as it moves forward under Fernandez\u2019s leadership.<\/p>\n<p>The <a href=\"https:\/\/igaming.org\/casino-news\/igt-and-everi-merger-approved\/\">final go-ahead from the Nevada Gaming Control Board<\/a> came last week, clearing the way for the merger to close. That approval was one of the last steps in a long regulatory process.<\/p>\n<p>As part of the transition, IGT\u2019s headquarters will return to Las Vegas\u2014its former home\u2014after spending the past decade in Italy. The move reflects the company\u2019s renewed focus on the North American gaming market, particularly through its digital and land-based offerings.<\/p>\n<p>The new IGT, backed by Apollo and led by Fernandez, is expected to expand its reach across gaming systems, casino management tools, and online products\u2014offering operators a more unified and innovative suite of services.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/apollo-funds-officially-acquire-igt-and-everi\/\">Apollo Funds Officially Acquire IGT and Everi<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Apollo Funds has officially wrapped up its $6.3 billion acquisition of IGT\u2019s gaming and digital business, nearly a year after first announcing the move. The deal also includes Everi, and together, the two will now operate as one combined company under the IGT name, fully owned and managed by Apollo. Good to know IGT\u2019s gaming [&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-9392","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9392","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=9392"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9392\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}