Everi Holdings‘ stockholders have voted to approve the pending simultaneous acquisition of Everi and IGT’s Gaming & Digital business by a newly formed holding company owned by funds managed by affiliates of Apollo Global Management.
Apollo Global’s deal for Everi and IGT’s Gaming & Digital business has been in place since July earlier this year, with it covering a previous merger agreement in place between Everi and IGT.
At a recent stockholders’ special meeting, the casino gaming content and products provider noted that “approximately 99.88% of the shares voted were voted in favour of the merger, which represented approximately 71.48% of the total outstanding shares of Everi common stock as of October 3, 2024, the record date for the Special Meeting”.
Everi stated that per the terms of the merger agreement, stockholders will “receive $14.25 per share in cash for every share of Everi common stock they own immediately prior to the effective time of the merger”.
“We are pleased that our stockholders supported our transaction with the Apollo Funds,” commented Michael Rumbolz, Chair of Everi’s Board of Directors.
“We now shift our focus to the important next steps toward completing the transaction and maximising value for Everi stockholders.”
In line with what IGT said earlier this week alongside its third-quarter financials, Everi said that the proposed transaction is expected to close by the end of Q3 2025, assuming a timely satisfaction of necessary closing conditions.
At the time of Apollo’s initial acquisition announcement in July, Daniel Cohen, Partner at Apollo, stated: “We are excited to reach this agreement with IGT and Everi, which establishes a leading, diversified solutions provider that is well positioned across the entire gaming ecosystem. As an active investor in the gaming and leisure sector for many years, we have long admired both companies and their highly talented teams.
“We strongly believe in the value proposition of the combination and are confident these complementary gaming platforms will be even better positioned under private ownership to capture the opportunities ahead to grow and create value. We look forward to working in partnership with all the people at IGT Gaming and Everi to propel the combined enterprise forward.”
Peter & Sons has enhanced the exposure of its portfolio of slots through a new collaboration with 32Red.
At the heart of the partnership is titles such as Barbarossa, and the soon-to-be released title Steamworks: The Workshop.
Adam Newnham, Commercial Operations Manager at 32Red’s parent company Kindred Group, said: Peter & Sons is an extremely exciting studio who are not afraid to push the boundaries and experiment with strikingly original, even avant garde ideas. The result is that each game is a work of art, and we can’t wait for our players to experience them at 32Red.”
The deal comes off the back of a global distribution partnership with casino supply giant Light & Wonder, announced earlier this month.
Yann Bautista, Commercial Director & Founder at Peter & Sons, said: “32Red and its parent, the Kindred Group, are major tier one operators in key regulated markets, and so this deal is another major milestone in the Peter & Sons story. We’re looking forward to enhancing this partnership by providing groundbreaking content for years to come.”
In a recent interview with CasinoBeats, Bautista also painted a positive outlook for the future of Peter & Sons and the group’s expansion opportunities.
He emphasised that “when it comes to global expansion, direct integration is always our preferred route, as it allows for greater control and customisation.
“However, direct integration can be a slow process and isn’t always feasible, especially in rapidly changing markets.
“For this reason, partnerships with aggregators are often the best option for quick and efficient expansion, enabling us to reach a wider audience faster while maintaining compliance across multiple regions.”
He also detailed an insight into what the future pipeline could comprise for Peter & Sons in continuing to look back on the year that was, with segments beyond the traditional slots scene more than a possibility.
“Notable releases this year include the highly anticipated sequel Barbarossa Revenge and Muddy Waters, both of which have received very positive market responses,” he comments.
“We’ve also expanded our offerings beyond traditional slots, venturing into new game types such as scratch cards and instant games to reach a broader audience.
“This year saw the launch of high-profile titles, while our upcoming releases are generating significant anticipation with their unique style and innovative mechanics.”
