IGT
IGT Awarded Contract for VLT Central Monitoring System by Ohio Lottery Commission
International Game Technology PLC (IGT) announced that it has won a competitive bidding process to provide the Ohio Lottery Commission’s video lottery terminal (VLT) central monitoring system, with a contract effective May 31, 2024 through June 30, 2033. The agreement includes an option for Ohio to renew the contract for up to two additional one-year terms.
Under the terms of the agreement, IGT will provide its advanced Intelligen central monitoring system hardware and software, with continual monitoring and support for more than 10,000 video lottery terminal machines distributed throughout seven racinos across Ohio: Belterra Park Cincinnati, Eldorado Scioto Downs, Jack Thistledown Racino, Hollywood Gaming Dayton Raceway, Hollywood Gaming Mahoning Valley Race Course, MGM Northfield Park, and Miami Valley Gaming.
“We look forward to providing IGT’s leading VLT products and solutions to the Ohio Lottery Commission. Winning this highly competitive RFP process is a testament to IGT’s significant innovation, dedication to central monitoring systems, and the great team of professionals that continue to propel our success,” said Nick Khin, IGT Chief Operating Officer, Gaming.
APOLLO FUNDS
EVERI STOCKHOLDERS APPROVE ACQUISITION BY APOLLO FUNDS
Everi Holdings Inc., a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions, and bingo, announced that its stockholders have voted at a special meeting of Everi stockholders to approve the pending simultaneous acquisition of Everi and the Gaming & Digital business of International Game Technology PLC by a newly formed holding company owned by funds managed by affiliates of Apollo Global Management, Inc. through a merger. As previously announced, pursuant to the terms of the merger agreement, Everi 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.
At the Special Meeting, approximately 99.88% of the shares voted were voted in favor 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.
“We are pleased that our stockholders supported our transaction with the Apollo Funds,” said Michael Rumbolz, chairman of the Company’s Board of Directors. “We now shift our focus to the important next steps toward completing the transaction and maximizing value for Everi stockholders.”
Assuming timely satisfaction of necessary closing conditions, the proposed transaction is expected to close by the end of the third quarter of 2025.
The final voting results on the proposals voted on at the Special Meeting will be set forth in a Form 8-K filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”).
G2E 2024
IGT Extends Success of Wheel of Fortune Brand to New Product Categories at Global Gaming Expo 2024
International Game Technology PLC announced that it is extending the success of IGT’s Wheel of Fortune Slots, one of the most prolific slot themes of all time, to the video poker, electronic table games (ETG) and video lottery terminals (VLT) product categories. These products, along with 11 new Wheel of Fortune Slots games and three new Wheel of Fortune Slots cabinets, will make their global trade show debut at the Global Gaming Expo (G2E), Oct. 7-10 in Las Vegas, Nev.
With a vibrant “Wheel of Fortune Zone” as the centerpiece of its G2E booth, IGT will exhibit how its new Wheel of Fortune-branded solutions can create that famous WHEEL-OF-FORTUNE! fun and fervor across an entire gaming floor.
“In introducing the Wheel of Fortune brand to our video poker, ETG and VLT product portfolios, we’re giving our customers incremental opportunities to expand the reach the of player-favorite brand and its jackpot-paying legacy,” said Nick Khin, IGT President, Global Gaming. “IGT’s G2E 2024 booth will feature a lively Wheel of Fortune-branded zone where we’ll deliver the jackpot excitement and energy that our new Wheel of Fortune games can bring to every corner of their gaming floor.”
Product highlights within IGT’s Wheel of Fortune Zone at G2E will include:
Wheel of Fortune Video Poker: The game combines IGT’s legendary video poker content with the award-winning Wheel of Fortune theme to deliver a game rich in content and entertainment. Available on the CrystalCurve and PeakSlant49 cabinets, Wheel of Fortune Video Poker incorporates the franchise’s famous puzzle-solving features and the iconic “Wheel Bonus” that has had players chanting “WHEEL-OF-FORTUNE!” for decades. The multi-hand poker game is available in triple-play, five-play and ten-play configurations and can award players 30,000, 50,000 or 100,000 credits, respectively, for a dealt royal flush.
Wheel of Fortune on IGT’s GameAce ETG Solution: With a towering wheel that can extend up to 120-inches in diameter, IGT’s Wheel of Fortune ETG solution is sure to draw casino patrons’ attention. As a standalone game for IGT’s GameAce ETG solution, IGT’s Wheel of Fortune ETG game can be enjoyed concurrently while playing other live or RNG ETG games, or independently. When the game’s “Wheel Bonus” or “Puzzle Board” features are triggered, the solution’s huge, multi-pointer wheel will spin, creating a high-visibility spectacle, much like a wheel spin on the TV game show.
Wheel of Fortune for VLT: With the largest VLT footprint in North America, IGT applied its vast experience in the segment to create Wheel of Fortune VLT, a highly anticipated version of the celebrated slots. The VLT game includes proven math and mechanics that have propelled the success of the slots franchise. Wheel of Fortune for VLT will debut on the Sierra 27, IGT’s newest terminal rich with cutting-edge technology, player-tested ergonomics and a pristine 27-inch game display.
Wheel of Fortune Slots: G2E will be the global debut for 11 new Wheel of Fortune Slots themes. Among the most anticipated are Wheel of Fortune Cash Link Big Money on the new Wheel of Fortune Trio cabinet and Wheel of Fortune Cash Link Reels Double Diamond® on the DiamondRS Wheel cabinet. Wheel of Fortune Cash Link Big Money is an attention-grabbing video slots game with a large, physical wheel that extends across three banked slot cabinets. The title features the player-preferred Cash Link feature, a Cash Link Multiplier that can award up to 35X and exciting free games. Wheel of Fortune Cash Link Reels Double Diamond is IGT’s first stepper-version of the popular Cash Link game family and is part of the Company’s new “Ultra Link” wide-area progressive (WAP) network that will include a $1.125 million progressive jackpot reset. The game leverages the DiamondRS’s IGT Diamond Glass to create a content-rich experience that blends the best attributes from a trio of famed slot franchise: Wheel of Fortune, Cash Link and Double Diamond.
First launched in 1996, IGT’s Wheel of Fortune Slots is hailed as one of the most successful slot themes of all time. Since the game’s debut, IGT has paid out nearly $3.6 billion in jackpots and minted more than 1,200 millionaires. Last year, IGT announced that it extended its licensing agreement with Sony Pictures Television to continue producing Wheel of Fortune games via a contract that extends through 2034.
IGT
IGT Appoints Nick Khin as President, Global Gaming
International Game Technology PLC announced that Nick Khin has been appointed as IGT President, Global Gaming. Khin previously served as IGT Chief Operating Officer and Senior Vice President, Gaming, since 2015.
In his role as IGT President, Global Gaming, Khin is responsible for managing the IGT Global Gaming business unit, including studios, technology, sales, games and hardware, manufacturing and services, and systems. Khin reports to IGT CEO Vince Sadusky and is based in Las Vegas.
“Nick is the obvious choice to lead IGT Global Gaming. Under his leadership, IGT is consistently releasing top games and strengthening its performance in every game category,” said Vince Sadusky, IGT CEO. “Nick’s knowledge, leadership and passion have earned him the respect of colleagues throughout our industry.”
Nick Khin joined IGT in 2013 and led the corporate strategy and mergers and acquisitions functions. Nick came to IGT with more than 23 years of industry experience including senior executive roles based in Las Vegas, London, and Sydney.
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