Apollo finalizes $6.3B acquisition of IGT’s Gaming & Digital business and Everi, forming a new global leader in gaming and fintech under the IGT name
New York & Las Vegas – Apollo Global Management (NYSE: APO) has officially completed its acquisition of International Game Technology PLC’s (Brightstar Lottery) Gaming & Digital business and Everi Holdings Inc. in a landmark $6.3 billion all-cash transaction. The newly formed privately held company will operate under the IGT brand, positioning itself as a premier global platform for gaming, digital entertainment, and financial technology solutions.
The combined enterprise will be headquartered in Las Vegas and organized into three key business units: Gaming, Digital, and FinTech. The well-known Everi brand will continue to be used selectively in certain markets and product categories.
Nick Khin, Interim CEO of IGT, stated:
“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 well-positioned to deliver exceptional content across land-based and digital experiences, along with integrated financial solutions that enhance the player journey and drive value for our customers.”
Hector Fernandez, former president of Aristocrat Americas, is set to assume the CEO role in Q4 2025, following the conclusion of a non-compete period. Until then, Nick Khin will lead the organization and later transition to CEO of the Gaming business unit.
Daniel Cohen, Partner at Apollo, commented:
“Bringing together highly complementary businesses creates a more competitive, agile and well-capitalized platform built for long-term growth. We’re confident IGT will continue to deliver differentiated capabilities to customers around the world.”
IGT’s unified product offering will encompass:
- Gaming machines and content
- iGaming and sports betting platforms
- Casino management systems
- Loyalty and engagement solutions
- Fintech products including cash access and digital wallet services
The transaction establishes IGT as a fully integrated provider of entertainment technology, serving casinos, digital gaming operators, and hospitality venues globally.
With this acquisition, Apollo strengthens its investment in the gaming sector while creating new growth opportunities for the combined enterprise. As of March 31, 2025, Apollo manages approximately $785 billion in assets, spanning private equity, credit, and retirement services.
For more information, visit www.apollo.com or www.igt.com.
