Nevada panel approves Voyager-Apollo deal to buy IGT and Every, creating new IGT holding

The Nevada Gaming Commission on June 26 approved registration and suitability applications that will allow Voyager Parent LLC, a holding company backed by Apollo-managed funds and the D'Agostini group, to acquire International Game Technology PLC (IGT) and Every Holdings Inc. The commission approved the package of related registrations, waivers and orders after a multi-hour presentation and question period that reviewed deal structure, financing, integration plans and compliance arrangements.

Voyager Parent will acquire IGTand Every through a two-step transaction that combines the companiesgaming and digital businesses into a single enterprise to be known as IGT and headquartered in Las Vegas, presenters told commissioners. Apollo and co-investors committed roughly $1.3 billion of equity for the deal; the transaction is being financed with roughly…