Apollo funds complete acquisitions of IGT's Gaming, Digital business and Everi
Written by Emily J. Thompson, Senior Investment Analyst
Acquisition Announcement: Apollo has completed the acquisition of International Game Technology's Gaming & Digital Business and Everi Holdings for approximately $6.3 billion, creating a global leader in gaming and financial technology solutions under the IGT name.
Leadership Transition: Hector Fernandez is set to become CEO of IGT in late 2025, while current leader Mr. Khin will manage the organization until then and transition to head IGT's Gaming unit; Everi stock has been delisted from the NYSE with shareholders receiving $14.25 per share.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
