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 and the Gaming & Digital business of International Game Technology. The buyer is a newly formed holding company owned by funds managed by affiliates of Apollo Global Management.

According to Everi’s official announcement, the shareholders were overwhelmingly supportive of the deal. The company clarified that the owners of 99.88% of the shares voted were voted in favor of the merger. For context, this represented approximately 71.48% of the total outstanding shares of Everi common stock as of October 3, the record date for the special meeting.

Everi added that the final voting results on the proposals voted on at its special meeting will be forwarded to the US Securities and Exchange commission in a Form 8-K.

If all other conditions are satisfied, Everi Holdings expects the M&A deal to close by the end of Q3 2025.

Everi reiterated its previous statement that, pursuant to the terms of the merger, Everi stockholders will receive $14.25 per share for each share of Everi common stock they own before the merger’s completion.

Michael Rumbolz, chairman of Everi’s board of directors, commented on the approved deal, saying that his team is glad that the shareholders are in favor of the transaction with Apollo Funds. He added that the company will now focus on enacting the deal.

We now shift our focus to the important next steps toward completing the transaction and maximizing value for Everi stockholders.

Michael Rumbolz, chair, Everi Holdings

Everi May Lose the Case against Koin

In other news, Everi remains involved in a lawsuit that some analysts believed could have disrupted the deal with Apollo Global. The suit was filed by Koin Mobile, a company providing cashless solutions, which alleged a digital wallet infringement.

Koin eventually secured an initial victory in that case, despite Everi’s attempt to dismiss the anti-competitive lawsuit. For context, Everi had earlier called its rival’s allegations misguided and flawed.