Everi Holdings Inc. announced that its stockholders have approved a merger agreement involving its acquisition by Apollo Funds. This transaction also includes the acquisition of International Game Technology’s (IGT) Gaming & Digital business, marking a significant development in the gaming industry.

• Merger Approval and Cash Offer – Everi stockholders will receive $14.25 per share in cash, representing an attractive premium. Approximately 99.88% of the shares voted supported the merger agreement. This outcome reflects strong confidence in the transaction’s value for stockholders.
• Transaction Scope and Partners – The acquisition involves Everi and IGT’s Gaming & Digital business, creating a broader platform. Both companies will operate under a new holding company owned by Apollo Funds. This strategic partnership aims to enhance industry leadership and operational efficiency.
• Shareholder Engagement – A total of 71.48% of Everi’s outstanding shares participated in the vote. The overwhelming majority in favor underscores strong shareholder alignment. This approval is a critical step toward completing the merger.
• Expected Completion and Conditions – The merger is projected to close by the end of Q3 2025, pending regulatory and closing conditions. Necessary approvals include gaming and other regulatory authorizations. Timely satisfaction of these conditions will enable the successful conclusion of the transaction.
• Impact on Everi Stockholders – Upon completion, stockholders will no longer hold equity in Everi . The cash transaction offers immediate value but ends long-term ownership benefits. This structure highlights a focus on liquidity and immediate returns.