On 1st July 2025, Apollo Global Management created a $6.3 billion deal that brought together two companies: International Game Technology (IGT) and Everi Holdings.
- Apollo now owns both IGT and Everi.
- They created three main parts in their new company:
- Gaming – This keeps IGT’s slot machines and hardware.
- Digital – Combines IGT’s online gaming with Everi’s apps for engagement.
- FinTech – Uses Everi’s systems for cashless payments and loyalty programs.
Finalized on July 1, 2025, this deal goes beyond a simple financial move. It represents a strategic shift to take advantage of long-term trends in digital gaming, global market growth, and the rise of cashless payment systems.
In conclusion, Apollo’s $6.3 billion investment in IGT is a smart strategy to create a leading tech-focused gaming company. By combining strengths from both IGT and Everi, the company is well-positioned to compete in the $298 billion global gaming market.
