Apollo’s IGT still tells three stories. Buyers pay for one.
Apollo closed its $6.3B all-cash deal for IGT’s Gaming and Digital business and Everi on 1 July 2025. Everi shareholders were paid $14.25 a share, a 56% premium, and the stock was taken off the market.
The combined company now runs privately as IGT, out of Las Vegas, in three parts: Gaming, Digital and FinTech. Hector Fernandez, formerly of Aristocrat Gaming, became CEO in late 2025.
Private ownership changes what the brand is for. A public IGT was judged on quarterly earnings. An Apollo-owned IGT is being built to sell, and the price it fetches depends on how clearly the story reads to the next buyer.
A year after the deal, there is still no single story tying Gaming, Digital and FinTech together.
Buyers pay more for one clear business and less for a bundle of them. Right now this is three names in one company with a clock running.
The first real signal will be a branding decision: one name across the group, a FinTech spin-off, or a refinancing that shows how Apollo sees the asset.
Owners like Apollo usually sell within three to five years, which means the story work that sets the price happens early, well before any sale. Expect that question answered in the next eighteen months, whether or not anyone calls it strategy.