Apollo has announced a $6.3 billion all-cash acquisition of International Game Technology's gaming and digital business alongside Everi Holdings, aiming to create a leading pure play lottery enterprise.

Target Information

International Game Technology (IGT) is a prominent player in the gaming and digital entertainment landscape. With a significant focus on providing technology solutions, IGT operates in the highly competitive gaming sector, which has expanded rapidly due to technological advancements and evolving consumer preferences. The transaction involves the acquisition of IGT Gaming's gaming and digital business, which includes a wide array of gaming products and services that cater to casinos and players alike.

As part of this strategic move, IGT will also be acquiring Everi Holdings, a leading provider of technology solutions for the casino floor. This consolidation is expected to enhance the technological capabilities of the new enterprise, providing a comprehensive portfolio of gaming solutions.

Industry Overview in the United States

The gaming industry in the United States has experienced robust growth, driven by the legalization of sports betting and the increasing popularity of online gaming platforms. Over the past few years, changes in legislation have allowed mo