Apollo Global Acquires IGT's Gaming Business in $6.3 Billion Deal

The acquisition will split IGT's lottery and gaming units, forming a new private entity headquartered in Las Vegas.

IGT's gaming and digital business will merge with Everi Holdings under Apollo's ownership.
The deal includes a $4.05 billion cash payment to IGT and $1.2 billion to Everi shareholders.
IGT's lottery operations will remain publicly traded and headquartered in Rhode Island.
The transaction is expected to close by the end of the third quarter of 2025, pending regulatory and shareholder approvals.
IGT CEO Vince Sadusky will lead the new lottery-focused company post-merger.