Apollo Adds IGT’s Gaming and Digital Business and Everi in New Acquisition

The acquisition follows months of speculation after initial merger discussions between IGT and Everi. Under the deal:

• Apollo-linked funds will acquire both IGT Gaming and Everi Holdings,

• The two will operate as privately held entities within a single combined enterprise,

• The transaction is expected to close by Q3 2025, pending regulatory and shareholder approvals.

Financial details of the agreement include:

• Everi stockholders will receive $14.25 per share in cash, representing a 56% premium on the pre-announcement closing price.

• IGT will receive $4.05 billion in gross cash proceeds for its gaming division.

• Majority shareholder De Agostini S.p.A. will make a minority equity investment in the newly combined company.

This acquisition concludes IGT’s strategic review initiated last year to boost shareholder value and focus on core strengths. Vince Sadusky, CEO of IGT PLC, highlighted that Apollo’s involvement validates the strength of IGT’s gaming business and its global talent base. Following the deal:

• IGT will rebrand and change its name and ticker symbol,

• It will reposition itself as a pure-play lottery company, focusing solely on its growing lottery segment.

The agreement has been unanimously approved by both the IGT and Everi Boards of Directors, with prior merger agreements terminated in favor of this new arrangement.

The move signals:

• A consolidation trend within the gaming industry,

• A push toward greater innovation and scale,

• Apollo’s confidence in the long-term potential of digital and gaming markets.

With this transaction, Apollo solidifies its position as a dominant investor in global gaming, combining industry expertise and capital strength to drive future growth and digital transformation across entertainment sectors.