Igt's global gaming and playdigital businesses to combine with everi, creating a comprehensive global gaming and fintech enterprise
Business combination creates a comprehensive and diverse portfolio of high-performing land-based, digital, and fintech gaming products and services complementary offering coupled with global reach provides compelling growth prospects with significant synergy opportunities attractive recurring revenue profile and strong profit margins, balance sheet, and cash flows provide flexibility to allocate capital to drive long-term shareholder value creation igt ceo vince sadusky to lead combined company with executives from both companies in key leadership roles; everi executive chairman michael rumbolz to serve as chairman of the board of directors of the combined company igt global lottery business to operate as a pure play global lottery player with focused, compelling business model and optimized capital structure to drive long-term shareholder value london and las vegas , feb. 29, 2024 /prnewswire/ -- international game technology plc ("igt") (nyse: igt) and everi holdings inc. (nyse: evri) ("everi") today announced their entry into definitive agreements pursuant to which igt will separate its global gaming and playdigital businesses by way of a taxable spin-off to igt shareholders and then immediately combine such businesses with everi to create a comprehensive and diverse global gaming and fintech enterprise. under the terms of the agreements, at closing, igt shareholders are expected to own approximately 54% and everi stockholders are expected to own approximately 46% of the shares in the combined company.
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