Apollo Acquires IGT & Everi in $6.3 Billion Deal

By Matt Speakman,
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Matt Speakman Betting Expert at online-gambling.com

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Last updated: July 7, 2025

Apollo has completed its acquisition of the IGT Gaming & Digital business and Everi Holdings in a $6.3 billion all-cash deal. According to Apollo’s official press release, the two companies will be integrated into a combined enterprise. This creates a new privately held global leader in gaming, digital, and financial technology solutions.

Key Details of the Acquisition

The combined company will operate under the IGT brand, retaining the Everi brand in select markets and product lines. That said, Everi has been delisted from the New York Stock Exchange, with stakeholders set to receive $14.25 per share in cash. International Game Technology PLC will receive $4.05 billion in gross cash proceeds.

The new IGT will be organized into three core segments – Gaming, Digital, and FinTech – to provide integrated solutions across land-based and digital gaming sectors. It’ll be headquartered in Las Vegas, Nevada, and Nick Khin is the interim CEO. In the fourth quarter of 2025, Hector Fernandez, former CEO of Aristocrat Gaming, will take over the position.

The Future of the New IGT

Both IGT and Everi have established strong footholds in the gambling industry worldwide. Just last year, for example, IGT’s Cash Eruption slot ranked number 1 in performance for three months. The company won 7 Awards in March at the 2025 Eilers & Krejcik Gaming (EKG) Slot Awards Show.

Everi is also a well-known brand with years of experience and hundreds of releases across different categories. Its land-based games, such as Player Classic Spin™ and Dynasty Luna™ cabinets, are widely recognized. Industry-leading cashless payment and loyalty platforms are also key products of the company.

This means that the new IGT has immense potential ahead of it. The company is well-positioned to become one of the major players in innovation across its comprehensive portfolio of products. This portfolio extends to land-based, digital, and mobile gambling and financial technology solutions.

“By uniting two leading organizations, 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.” – Nick Khin, Interim CEO of IGT

Conclusion

As the gaming industry continues to evolve, particularly with the rise of digital and cashless technologies, the new IGT company is uniquely positioned to deliver differentiated products and services that meet the needs of operators and players worldwide. This strategic merger not only strengthens its competitive edge but also sets a new standard for integrated gaming and FinTech solutions in the years to come.