Everi to merge with the Global Gaming and PlayDigital businesses of IGT in a $4bn deal.

Everi, a provider of gaming products, financial technology, and loyalty solutions to casinos, agreed to merge with the Global Gaming and PlayDigital businesses of IGT, a multinational gambling company, in a $4bn deal. "We are bringing together two businesses with complementary strengths that are stronger and more valuable together. The combination results in a comprehensive and diverse product offering, addressing more aspects of the gaming ecosystem across land-based gaming, iGaming, sports betting, and fintech. The creation of separate gaming and lottery companies, each with experienced management teams and simplified business models, better positions each company to service customers and create significant value for stakeholders," Vince Sadusky, IGT CEO.