IGT's Global Gaming And PlayDigital Businesses To Combine With Everi, Creating A Comprehensive Global Gaming And Fintech Enterprise
Portfolio Pulse from Benzinga Newsdesk
IGT's Global Gaming and PlayDigital businesses are set to merge with Everi, forming a comprehensive global gaming and fintech enterprise valued at approximately $6.2 billion. The merger aims to create a diverse portfolio across land-based, digital, and fintech gaming sectors, promising significant growth and synergy opportunities. The combined entity will be led by IGT CEO Vince Sadusky, with Everi Executive Chairman Michael Rumbolz as the chairman of the board. The deal assigns a $4.0 billion value to IGT's involved businesses and $2.2 billion to Everi.
February 29, 2024 | 11:22 am
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POSITIVE IMPACT
Everi is merging with IGT's Global Gaming and PlayDigital businesses, with the combined entity valued at approximately $6.2 billion. Everi's enterprise value in this deal is approximately $2.2 billion.
The merger with IGT's segments positions Everi within a larger, more diversified global gaming and fintech enterprise. This strategic move is expected to bolster Everi's growth prospects and market presence, likely resulting in a positive short-term impact on Everi's stock price due to the anticipated synergies and enhanced market position.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
POSITIVE IMPACT
IGT's Global Gaming and PlayDigital businesses are merging with Everi, valuing these IGT segments at $4.0 billion. The merger is expected to create a global gaming and fintech leader.
The merger of IGT's Global Gaming and PlayDigital with Everi is likely to enhance IGT's market position and financial strength, offering significant growth and synergy opportunities. The high valuation of IGT's segments indicates a positive market perception, likely leading to a short-term positive impact on IGT's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90