International Game Technology (IGT) is set to merge its Global Gaming and PlayDigital divisions with Everi, creating a globally comprehensive and diverse gaming enterprise. In the merged entity, IGT shareholders will hold approximately 54% of the total stake, while Everi will own the remaining 46%.
The new company, valued at $6.2 billion based on enterprise value, is anticipated to finalize the merger in late 2024 or early 2025. After the completion of the merger, Everi will be rebranded as International Game Technology Inc. and will be traded on the New York Stock Exchange under the ticker symbol IGT.
IGT's Executive Chairman, Marco Sala, expressed that the merger aligns two companies with similar business capabilities and potential. The newly formed business will be led by CEO Vince Sadusky, with Everi's Executive Chairman, Michael Rumboltz, retaining a position on the board of directors in the new corporation.
