IGT has announced that its branches Global Gaming and PlayDigital will be closed and then merged with Everi.
Through this maneuver, IGT shareholders would take control of 54% of the shares of the new company, while Everi's would own 46%. According to the intentions of both companies, the new joint business should be valued at €5.7 billion and the deal should be finalized in 2024 or early 2025.
At that point, Everi will change its name to International Game Technology Inc. and will be listed on the New York Stock Exchange under the symbol IGT. "The operation will bring together two important platforms in the sector with complementary capabilities," said Marco Sala, a board member of IGT. "We have similar and compatible growth prospects." These words are echoed by Vince Sadusky, CEO of IGT: "Together we are stronger and have greater value: the combination will produce a diversified offering in the gaming ecosystem."
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