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Gambling News - 'Apollo global management'
Business
December 6, 2024
Hector Fernandez to Lead Combined IGT and Everi Enterprise as CEO in 2025
Hector Fernandez will take charge as CEO of the merged business combining International Game Technology’s (IGT) Gaming and Digital division with Everi Holdings, once the deal closes. Apollo Global Management Plans New Leadership Structure Post-Acquisition This news comes after Apollo Global Management affiliates bought both companies taking a big step to build a varied gaming […]

Industry
November 15, 2024
Everi Shareholders Give the Thumbs Up to Apollo Merger
Everi Holdings, a premier provider of content, products, fintech, player retention and bingo to the land-based and digital casino industries, announced that its shareholders have approved the company’s takeover by Apollo Global Management. Shareholders Favored the Deal At a special meeting of Everi stakeholders, investors voted in favor of the pending simultaneous acquisition of Everi […]

Legal
September 30, 2024
Shareholder Lawsuit May Derail Apollo-Everi Acquisition
Dan Clancy, a shareholder of Everi Holdings, on Wednesday, 25 September, filed a suit to block the proposed $6.3 billion deal by Apollo Global Management to acquire the company. The lawsuit accuses Everi’s board of directors of violating securities laws by submitting a misleading and incomplete proxy statement regarding the deal. The Deal Has Significant […]

Business
August 29, 2024
Deutsche Bank Leads $4.3B Deal for Apollo’s Acquisition of Everi and PLC-IGT
Deutsche Bank AG is leading a $4.325 billion bond-and-loan offering to finance Apollo Global Management Inc.’s ambitious buyout of two big casino equipment suppliers. The deal represents one of the most pivotal mergers and acquisition moves in the gaming landscape this year, a sector where such high-profile deals are a rarity. Everi and PLC-IGT Will […]

Business
July 26, 2024
Apollo Funds to Acquire IGT Gaming & Everi Holdings in Historic Deal
Apollo Funds, a newly formed holding subsidiary of Apollo Global Management, has set out to acquire International Game Technology’s IGT Gaming & Digital business and Everi Holdings in a historic arrangement. The transaction values the two companies at approximately $6.3 billion. This deal comes after an earlier agreement between IGT and Everi that saw the […]
Business
February 22, 2023
Lottomatica’s IPO May Become a Reality in April
Apollo Global Management, the American global private-equity firm behind the Italian operator Lottomatica, plans to have the casino brand go public. As reported by sources earlier, Lottomatica’s initial public offering listing may be ordered very soon. Apollo’s strategy would be to list Lottomatica on the Borsa Milan Exchange. The rumors were later confirmed by Lottomatica […]
Industry
January 25, 2023
Lottomatica Mulls on IPO to Support Strong Q4 and FY22 Growth
Italian betting and gaming operator Lottomatica confirmed rumors that it was considering an initial public offering among its options going forward but did not provide any further details on its plans. Considering Going Public Lottomatica announced that its board, together with the company’s controlling shareholder, Apollo Global Management, “is currently contemplating potential strategic alternatives to […]
Business
March 3, 2022
Apollo Interested in Creating Yahoo Sports Spin-Off via New Merger
Apollo Global Management, the global, high-growing asset manager that took over Yahoo from Verizon for $5 billion dollars in 2021, is looking into a merger plan between Yahoo Sports and an existing sports betting company in the industry. No details or drafts of the merger are available at the moment. Yahoo is Having Preliminary Talks […]
Business
February 24, 2022
Apollo Global Strengthens As It Completes Las Vegas Sands Purchase
The Venetian and Palazzo casino resorts, as well as the former Sands Expo and Convention Center, have a new owner. Apollo Global Management and Las Vegas Sands (LVS) announced Wednesday that they have completed the sale of the iconic Las Vegas Strip properties. Changing of the Vegas Guard In separate statements, Apollo and LVS stated […]
Business
February 3, 2022
NGCB Approves Sales of Las Vegas Sands Properties to Apollo Global
Apollo Global Management is a step closer to returning to the Las Vegas Strip. The global investment firm has been targeting the gaming industry for years, but previous access to the Las Vegas casino scene didn’t go well. Apollo is working on a deal with Las Vegas Sands (LVS) to purchase three of the latter’s […]