# IGT Gaming and Digital / Everi

IGT Gaming and Digital / Everi is an Asset Manager based in United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** United States
- **Region:** North America
- **Address:** United States
- **Assets under management:** Undisclosed
- **Website:** everi.com

## Regulatory record

- **Reports private funds:** No

## About

This combined entity was formed when Apollo Global Management agreed to acquire International Game Technology's (IGT) Gaming and Digital business and simultaneously merge it with Everi Holdings in a transaction valued at roughly $6.3 billion, including debt. The deal, announced in February 2024, separates IGT's global lottery operations from its slot-machine, iGaming, and sports-betting divisions. Everi brings complementary casino-floor payment technology and loyalty products, creating a vertically integrated supplier that serves both the physical casino floor and the digital wallet infrastructure behind it. Post-merger, the portfolio spans land-based slot machines, casino-management systems, digital gaming content, and financial-technology products for the gaming industry. IGT's contribution includes proven slot titles like Fortune Coin and Wheel of Fortune, alongside its PlayDigital platform active in regulated iGaming markets. Everi adds cash-access kiosks, loyalty software, and a digital wallet called CashClub. The combined company serves over 1,000 casino properties across the US, Canada, and select international markets, with a deep installed base on Native American tribal gaming floors in particular. Apollo, which closed its acquisition and merger in September 2025, folded the assets under a new holding company renamed Everi Holdings Inc. and installed industry veteran Randy Konik as CEO. The private-company structure allows capital investment cycles that were harder to execute under the quarterly earnings scrutiny facing both predecessor public companies. The firm now operates design studios in Reno, Las Vegas, and Austin, with fintech engineering centered in Everi's legacy Las Vegas headquarters. Structurally, this is not a family office, a traditional asset manager, or a venture fund — it is a private-equity-owned operating company that earns revenue from hardware sales, recurring licensing fees, and transaction-processing revenue streams. Apollo's playground is durable, regulated gaming infrastructure with a technology layer attached. The firm's value proposition rests on bundling the terminal, the game content, and the payments rail into one supplier relationship, which is unusual in a market where slot manufacturers and fintech vendors have historically been separate procurement decisions.

## Sectors

- Media & Entertainment

## Questions

### Who owns IGT's Gaming and Digital Business / Everi?

Apollo Global Management acquired IGT's Gaming and Digital business and merged it with Everi Holdings in a $6.3 billion take-private completed in September 2025. The combined entity operates under the Everi Holdings Inc. name as a privately held Apollo portfolio company.

### What is the relationship between IGT's Gaming division and IGT's Lottery division?

They are now separate companies. IGT retained its Global Lottery segment, which remains a publicly traded company. Apollo carved out and acquired only the Gaming and Digital business unit, leaving the lottery operations behind.

### What does Everi bring to the combined company?

Everi contributed casino cash-access kiosks, loyalty and marketing software, and its CashClub digital wallet. These fintech assets sit alongside IGT's slot machines and iGaming content, making the combined company a bundled supplier of both the game and the payment infrastructure.

### Where is the company headquartered?

The combined entity is domiciled in the United States. Operations are distributed across legacy sites in Reno, Las Vegas, and Austin, with the Las Vegas office serving as the primary base for Everi's fintech business.

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- [Inferno Capital Group](https://altss.com/profile/inferno-capital-group)

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Last updated: 2026-07-11T07:45:09.000Z

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