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Board recommends approval for Apollo-led Voyager acquisition of IGT gaming and Every Holdings
Summary
The Nevada Gaming Control Board voted to recommend approval of the multi-step Voyager transaction — a private, Apollo-managed acquisition combining International Game Technology’s gaming and digital businesses with Every Holdings — subject to conditions and documents to be provided before the Nevada Gaming Commission acts.
The Nevada Gaming Control Board voted to recommend approval of a multi-step acquisition that will place International Game Technology’s gaming and digital businesses together with Every Holdings under a new private holding company called Voyager.
The board voted to recommend approval of the application package and associated orders after an extended public presentation by counsel and investors and a review by investigations staff. The board attached conditions requiring the buyer to provide fully executed credit and collateral agreements to the board within 90 days of Commission approval, to make quarterly disclosures of certain ownership interests, and to house a $100,000 revolving investigative fund with the Nevada Gaming Control Board.
Why it matters: The transaction would create a large diversified gaming-technology supplier headquartered in Las Vegas combining IGT’s land-based gaming, systems and manufacturing business with Every’s fintech and digital products. Presenters said the combined…
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