Everi stockholders approve acquisition by Apollo Funds in special meeting

Gaming solutions provider Everi Holdings announced that its stockholders have voted in favor of the company’s pending acquisition by Apollo Global Management’s affiliates, which also includes the acquisition of International Game Technology's (IGT) Gaming and Digital business. 

The approval came during a special meeting of Everi stockholders, where approximately 99.88% of the shares voted in favor of the deal, representing roughly 71.48% of the total outstanding shares as of October 3rd, 2024. The final voting results on the proposal will be set forth in a Form 8-K filed by the company with the US Securities and Exchange Commission (SEC).

The deal, valued at approximately $6.3 billion, will see Everi stockholders receive $14.25 per share in cash. The transaction is expected to close by the end of the third quarter of 2025, subject to the satisfaction of customary closing conditions.

"We are pleased that our stockholders supported our transaction with the Apollo Funds," said Michael Rumbolz, Chairman of Everi’s Board of Directors. "We now shift our focus to the important next steps toward completing the transaction and maximizing value for Everi stockholders."

The merger will create a combined entity under private ownership, with Apollo Funds acquiring both Everi and IGT’s Gaming & Digital business. Following the transaction, IGT will separate its Gaming and Digital divisions and focus on becoming a lottery business.