• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 22 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Apollo completes acquisition of IGT gaming and digital businesses and Everi, new entity to trade under IGT name

Ben Blaschke by Ben Blaschke
Wed 2 Jul 2025 at 06:28
Apollo completes acquisition of IGT gaming and digital businesses and Everi, new entity to trade under IGT name
25
SHARES
622
VIEWS
Print Friendly, PDF & Email

Asset management giant Apollo announced overnight that it has completed the acquisition of FinTech firm Everi Holdings and the Gaming and Digital businesses of International Game Technology (IGT). The two companies will be combined into a single enterprise operating under the IGT name.

In a brief statement, Apollo confirmed that a holding company owned by funds managed by its affiliates had completed the US$6.3 billion all-cash transaction, bringing together “two complementary businesses to form a privately held global leader in gaming, digital, and financial technology solutions.”

Following the acquisition, Apollo stated that it will soon integrate the two businesses into a combined enterprise headquartered in Las Vegas. The new company will operate under the IGT name while retaining the Everi brand in select markets and product lines.

The new IGT will be organized into three business units: Gaming, Digital, and FinTech, it added.

“This is a defining moment for our industry,” said Nick Khin, Interim CEO of IGT. “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. I’m honored to be part of this exciting chapter and to help shape the future of IGT.”

Khin will lead the newly merged entity until the fourth quarter of this year, when Hector Fernandez – former CEO of Aristocrat Gaming – completes a customary non-compete period. Khin will then transition into the role of CEO of IGT’s Gaming business unit.

“Bringing together highly complementary businesses creates a more competitive, agile and well-capitalized platform built for long-term growth,” said Daniel Cohen, Partner at Apollo. “We are confident that IGT is well positioned to deliver differentiated content and capabilities that better serve customers across the globe. We look forward to working closely with Hector, Nick and the rest of the talented IGT team to lead the industry forward.”

RelatedPosts

ARIA executive Ayesha Molino to replace Corey Sanders as MGM Resorts COO

ARIA executive Ayesha Molino to replace Corey Sanders as MGM Resorts COO

Fri 19 Sep 2025 at 06:06
CDC Gaming announces reimagined Day Zero Party including “10 Women Rising in Gaming” presentation at Resorts World Las Vegas’ Allē Lounge on 66, on 5 October 2025, the Sunday prior to G2E

CDC Gaming announces reimagined Day Zero Party including “10 Women Rising in Gaming” presentation at Resorts World Las Vegas’ Allē Lounge on 66, on 5 October 2025, the Sunday prior to G2E

Thu 18 Sep 2025 at 02:08
Genting sued by partner in Bahamas casino Resorts World Bimini for alleged “massive and co-ordinated fraud”

Genting Malaysia looks to dismiss amended complaint filed by partner in Bahamas casino-resort, says no new material elements introduced

Wed 17 Sep 2025 at 19:02
Guiding light

Light & Wonder prices US$1 billion in senior notes to pay down existing debt

Thu 11 Sep 2025 at 07:00
Load More
Tags: Apollo Global ManagementEVERIIGTNorth America
Share10Share2
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Evolution Asia
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

Macau government prepares to order closure of all casinos as super typhoon Ragasa approaches

Macau government prepares to order closure of all casinos as super typhoon Ragasa approaches

by Pierce Chan
Mon 22 Sep 2025 at 15:44

Secretary for Economy and Finance, Tai Kin Ip, said Monday that Macau’s casinos will be ordered to close should the warning signal for approaching super typhoon Ragasa be raised higher than the No. 8 signal. According to forecasts from the...

SBC Summit Lisbon organizers say 30,000 attendees booked 72,000 hotel room nights at 2025 event

SBC Summit Lisbon organizers say 30,000 attendees booked 72,000 hotel room nights at 2025 event

by Newsdesk
Mon 22 Sep 2025 at 06:25

This year’s SBC Summit attracted more than 30,000 attendees who booked a combined 72,000 room nights in Lisbon – making it the show’s biggest edition ever according to event organizers. The preliminary figures were unveiled at a press conference late...

IEC issues profit warning on widened losses through December 2021

Upgrade work at Manila’s New Coast hotel and casino has International Entertainment Corp expecting US$32.5 million loss in FY25

by Newsdesk
Mon 22 Sep 2025 at 05:48

Hong Kong-listed International Entertainment Corporation (IEC) said Friday it expects to report a widened loss of at least HK$260 million (US$32.5 million) for the financial year ended 30 June 2025, primarily due to increased costs since taking control of casino...

Delays in game approvals see Ainsworth revise revenue target down

Novomatic and Kjerulf Ainsworth both increase holdings as battle for control of Ainsworth Game Technology continues

by Ben Blaschke
Mon 22 Sep 2025 at 05:17

Austrian gaming giant Novomatic and its founder Johann Graf have increased their stake in Australian slot machine supplier Ainsworth Game Technology (AGT) to almost 60%. However, the Ainsworth family – which has publicly disputed Novomatic’s takeover efforts – have taken...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English