Everi Holdings, a leading provider of content, products, fintech, player retention, and bingo for both land-based and digital casinos, has announced that its shareholders have approved the company’s acquisition by Apollo Global Management.
During a special meeting, Everi’s stakeholders voted in favor of the simultaneous acquisition of Everi and the Gaming & Digital business of International Game Technology. The buyer is a newly formed holding company owned by funds managed by Apollo Global Management affiliates.
In the official announcement, Everi noted overwhelming support for the deal, with 99.88% of the shares voted in favor of the merger. This represented approximately 71.48% of the total outstanding shares of Everi common stock as of October 3, the record date for the special meeting.
Everi also stated that the final voting results from the special meeting will be submitted to the US Securities and Exchange Commission in a Form 8-K.
Assuming all conditions are met, Everi Holdings expects the merger and acquisition deal to close by the end of Q3 2025.
According to the terms of the merger, Everi stockholders will receive $14.25 per share for each share of Everi common stock they own prior to the merger’s completion.
Michael Rumbolz, chairman of Everi’s board of directors, expressed his satisfaction with the shareholders’ approval and stated that the company will now focus on completing the transaction with Apollo Funds.
In other news, Everi is still involved in a lawsuit that some analysts feared might disrupt the deal with Apollo Global. The lawsuit, filed by Koin Mobile, alleges digital wallet infringement.
Despite Everi’s attempt to dismiss the lawsuit as misguided and flawed, Koin secured an initial victory. Everi’s legal challenges continue, but the company remains focused on moving forward with the merger.
