International Game Technology (IGT) is spinning off its Global Gaming and PlayDigital businesses to merge with Everi Holdings.
The business combination with Everi will create a diverse global gaming and fintech enterprise, with IGT shareholders expected to own approximately 54 per cent of the enlarged company and Everi stockholders the remaining 46 per cent share.
IGT’s Global Lottery business will remain as a pure play global lottery business.
The transaction has been approved unanimously by all voting members [...]