Apollo Hitting the Jackpot – Again!

In a surprise turn of events, Apollo Global Management, made a bold play last week with an agreed offer of USD $6.3bn to acquire IGT and Everi, dramatically upstaging a planned merger between the two. The all-cash offer for the London-based IGT includes their slot operations, lotteries, digital gaming and sports betting platform valued at a mighty $4.05bn along with a generous $14.25 per share offer for Everi, a specialist gaming fintech and payment provider.

Apollo, one of the world’s leading asset management and private equity firms, continue to make big waves within the gambling sector given their acquisition in 2022 of the operations of the luxury Venetian Resort Las Vegas, the Palazzo Tower and Casino and the Venetian Expo Centre, a 2.25m square feet convention and expo centre in Las Vegas, the home of G2E.

This deal is likely to take up to 12 months to complete, given the level of regulator approval required, however, what seems certain is that the “nickel and dime” slots business is now a multi-million dollar global game!

Stay tuned for more exciting M&A news…

Like | Share | Follow | Buy!!
#apollo #igt #everi #casinos #mergersandacquisitions #casinobrokers #casinosforsale

CasinoBrokers are market-leaders in the specialist field of casino and gambling M&A activity, providing expert advice, valuations, premium client introductions and complete discretion.