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Casino
June 11, 2025
Everi-IGT Merger Boosts Outlook, Fitch Maintains Rating
Fitch Ratings has reaffirmed Everi Holdings’ BB- long-term issuer default rating, highlighting that the company is on track to emerge stronger following its upcoming merger with International Game Technology (IGT). At the end of March, Fitch also reaffirmed MGM Resorts’ BB-rating, reflecting the company’s EBITDA leverage. Positive Outlook for Everi The ratings agency that offers forward-looking […]
Casino
May 6, 2025
Everi Holdings’ CashClub Wallet Now Available at Penn’s M Resort Spa Casino
PENN Entertainment has become the latest company to adopt the CashClub Wallet technology by Everi Holdings this Monday, after the company implemented the solution at its M Resort Spa Casino in Henderson, Nevada. PENN and Everi Holdings Double Down on Frictionless Payments This marks a broader trend in the land-based sector whereby companies that offer […]
Blockchain
March 10, 2025
Choctaw Pioneers Crypto Gaming in the US via Everi and Bitline
At the end of last year, the Choctaw Nation’s gaming and hospitality arm, Choctaw Casino & Resorts, announced a partnership with the ATP Tour tennis competition, Dallas Open. The move came amid rumors that sports betting in the Lone Star State might materialize in 2025. In another surprising and pioneering move in the industry, Choctaw […]
Legal
February 14, 2025
Koin and Everi Pause Litigation to Explore Settlement Options
A significant new development in the ongoing legal drama between Everi Holdings and Koin Mobile could lead to a possible settlement. The two entities have agreed to a 90-day pause in litigation, potentially seeking to negotiate an end to their ongoing dispute. The decision follows a 28 January settlement conference where the two parties and […]
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
October 4, 2024
Koin Secures Initial Victory in Everi Federal Lawsuit
A lawsuit between two technology companies that power the gambling sector with cashless solutions recently picked up speed. Earlier this year, Koin Mobile, a company providing cashless solutions, filed a lawsuit against its rival, Everi, a recognizable technology and solutions provider that operates in the same vertical, alleging digital wallet infringement. Koin Will Continue Its […]
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 […]
