{"id":634,"date":"2025-06-12T09:27:30","date_gmt":"2025-06-12T09:27:30","guid":{"rendered":"http:\/\/www.masteringphsyics.com\/?p=634"},"modified":"2025-06-19T02:36:02","modified_gmt":"2025-06-19T02:36:02","slug":"igt-everi-merger-to-create-north-americas-largest-land-based-casino-game-machine-supplier","status":"publish","type":"post","link":"http:\/\/www.masteringphsyics.com\/index.php\/2025\/06\/12\/igt-everi-merger-to-create-north-americas-largest-land-based-casino-game-machine-supplier\/","title":{"rendered":"IGT-Everi Merger to Create North America\u2019s Largest Land-Based Casino Game Machine Supplier"},"content":{"rendered":"

The post IGT-Everi Merger to Create North America\u2019s Largest Land-Based Casino Game Machine Supplier<\/a> appeared first on Vegas Slots Online News<\/a>.<\/p>\n

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Taking over market share<\/h2>\n

Apollo Global Management is moving ahead with its proposed acquisition of IGT Gaming and Everi Holdings Inc. According to Fitch Ratings, the takeover will have a deep impact on North America\u2019s gaming industry and create the region\u2019s largest supplier of land-based slots and game machines.<\/p>\n

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will own more than 77,000 North American casino gambling machine installations<\/p>\n<\/blockquote>\n

Combined, the new entity will have a greater installed base and market share of slot cabinets and other game machines than any of its major competitors, Light & Wonder and Aristocrat Leisure. The firm, which is backed by private equity investment firm Apollo, will own more than 77,000 North American casino gambling machine installations, a higher figure than Light & Wonder\u2019s current 54,397.<\/p>\n

The entities\u2019 combined 2024 pro forma revenues are $2.6bn and $1.1bn in Adjusted EBITDA.<\/p>\n

Creating a brand new identity<\/h2>\n

The acquisition, announced in a press release in July 2024<\/a>, will see IGT spin off its slot business to Everi to focus on its lottery technology business. After closing, the combined company will be privately owned and have a new name and ticker.<\/p>\n

While Everi has historically had a smaller foothold in the slots industry, Analysts believe the merger will be a catalyst for meaningful diversification and growth. The agency indicated there was significant potential for cross-selling, most specifically among IGT\u2019s in-market global sales channels and Everi\u2019s FinTech and Class II gaming offerings.<\/p>\n

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leaves opportunities for the company to export its content overseas<\/p>\n<\/blockquote>\n

Revenue sources must be sensibly well-balanced, with gaming activities generating 29%, sales of equipment 23%, systems and software 23%, and the remaining with FinTech and digital platforms. The blend also leaves opportunities for the company to export its content overseas through IGT\u2019s international networks.<\/p>\n

Competing in innovative markets<\/h2>\n

Aristocrat and Light & Wonder currently have larger digital and iGaming footprints, but Fitch highlights the FinTech segment offered by Everi, which delivers differentiated value. This has greater potential in longer-term opportunities in cashless products and player interaction solutions in casino settings.<\/p>\n

The acquisitions will be finalized in the third quarter of this year and will position the new enterprise as the biggest supplier of land-based casino gaming devices in North America.<\/p>\n

The post IGT-Everi Merger to Create North America\u2019s Largest Land-Based Casino Game Machine Supplier<\/a> appeared first on Vegas Slots Online News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The post IGT-Everi Merger to Create North America\u2019s Largest Land-Based Casino Game Machine Supplier appeared first on Vegas Slots Online News. Taking over market share Apollo Global Management is moving ahead with its proposed acquisition of IGT Gaming and Everi Holdings Inc. According to Fitch Ratings, the takeover will have a deep impact on North […]<\/p>\n","protected":false},"author":1,"featured_media":324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino"],"_links":{"self":[{"href":"http:\/\/www.masteringphsyics.com\/index.php\/wp-json\/wp\/v2\/posts\/634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.masteringphsyics.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.masteringphsyics.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.masteringphsyics.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.masteringphsyics.com\/index.php\/wp-json\/wp\/v2\/comments?post=634"}],"version-history":[{"count":1,"href":"http:\/\/www.masteringphsyics.com\/index.php\/wp-json\/wp\/v2\/posts\/634\/revisions"}],"predecessor-version":[{"id":635,"href":"http:\/\/www.masteringphsyics.com\/index.php\/wp-json\/wp\/v2\/posts\/634\/revisions\/635"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.masteringphsyics.com\/index.php\/wp-json\/wp\/v2\/media\/324"}],"wp:attachment":[{"href":"http:\/\/www.masteringphsyics.com\/index.php\/wp-json\/wp\/v2\/media?parent=634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.masteringphsyics.com\/index.php\/wp-json\/wp\/v2\/categories?post=634"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.masteringphsyics.com\/index.php\/wp-json\/wp\/v2\/tags?post=634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}