The latest update is out from Everi Holdings Inc (EVRI).
Everi Holdings Inc. has embarked on a significant transaction to acquire the Global Gaming and PlayDigital businesses from International Game Technology PLC (IGT). This strategic move involves a complex series of steps, including the spin-off of these businesses into a newly formed subsidiary, subsequent acquisition by Everi, and financing arrangements for up to $4.22 billion. The deal aims to conclude by late 2024 or early 2025 and is subject to regulatory and shareholder approvals. If successful, the acquisition could reshape Everi’s business landscape but also carries risks inherent in such large-scale transactions and integrations.
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