Everi Completes Acquisition and Transitions to Private Ownership

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The acquisition of gaming and financial technology provider Everi Holdings Inc. by funds managed by Apollo Global Management has been formally concluded. The deal, which sees the company delisted from public markets, triggers a cash payout to former shareholders and initiates a new chapter as a privately held entity under the Apollo umbrella. This article details the transaction's mechanics and outlines the future structure of the combined business.

Former shareholders of Everi are receiving a cash consideration of $14.25 per share, as stipulated in the acquisition agreement. This payment effectively concludes their investment in the publicly traded stock. Concurrently, Everi's shares have been delisted from the New York Stock Exchange, ceasing all public trading and daily price fluctuations.

The overall enterprise value for the combined operations—encompassing Everi and the Gaming and Digital divisions of International Game Technology (IGT)—stands at approximately $6.3 billion. The assets are now consolidated under a new holding entity, Voyager Parent LLC, with Apollo Global Management holding majority control. The headquarters for the integrated company will remain in Las Vegas, Nevada.

Leadership and Strategic Direction

A key leadership transition has been implemented to steer the newly private company. Hector Fernandez assumed the role of Chief Executive Officer in December 2025, following the expiration of a standard non-compete agreement. He succeeds Nick Khin, who served as Interim CEO during the transitional period. Khin has now stepped back from day-to-day operational management and will instead provide strategic advisory services to the company's leadership and board.

This management realignment is designed to foster continuity and support the complex process of integrating the workforces and operations of the merged entities.

Operational Integration and Market Focus

The integration brings together more than 11,000 employees worldwide. The company is organized into three core segments: Gaming, Digital, and FinTech. While the overarching corporate brand will be IGT, the Everi name will be retained specifically for the FinTech division.

Management has identified a clear strategic priority: to drive revenue growth by synergistically combining land-based gaming content with integrated payment services. A major focus will be on scaling digital wallet solutions and cashless gaming systems across North America and international markets.

In summary, the acquisition is now final. The payout process to shareholders is underway, and the company's next phase will be defined by operational integration and the aggressive expansion of its FinTech offerings as a privately held concern.