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Hector Fernandez takes control of new IGT under Apollo Global Management
Hector Fernandez has officially begun his tenure as CEO of IGT as new owner Apollo Global Management's choice to lead the prominent gaming supplier.
Former Aristocrat Gaming CEO Hector Fernandez has officially stepped into the same role with International Game Technology (IGT) one year after his resignation from Aristocrat and nearly simultaneous acceptance of the new gig with IGT. Fernandez will be at the helm of IGT as it operates as a holding of Apollo Global Management (AGM) in supplying content and other solutions to land-based and online gaming licensees around the world.
Fernandez takes over at interesting time for IGT
The AGM takeover for IGT is more than a simple shift to private ownership from being publicly traded on the New York Stock Exchange. AGM's plan also included parsing out a piece of IGT's operations and merging the remainder with another supplier for many of the best online casinos, Everi.
As explained by a press release from AGM, IGT's lottery operations have continued to operate independently. The remainder of IGT's business, like providing online slots and other online casino games for real money to licensees in Michigan, New Jersey, Pennsylvania, and West Virginia, was merged with Everi's operations of the same nature.
Combining those enterprises not only consolidated market share among gaming vendors but also greatly increased AGM's presence in the gaming industry. AGM has already been in the space via its acquisition of the operations of multiple casino properties like The Venetian in Las Vegas and the former management of software provider PlayAGS.
A press release from IGT states that AGM believes "the combined enterprise will accelerate growth, enhance product and content innovation, and become an even stronger partner to its customers."
IGT's broad services for players
Players on PA online casino apps, plus the same in Michigan, New Jersey, and West Virginia, likely interact with IGT products and services regularly and perhaps without realizing it. For example, there are many IGT-brand slots new players can try with the BetMGM Casino bonus code SPORTSLINE. Claim the BetMGM Casino bonus code SPORTSLINE and get up to $1,025:
Games under IGT's own branding include the popular Wheel of Fortune titles available at BetMGM. Everi slots include the broadly available Cash Machine franchise.
Everi/IGT's services expand greatly from there, too. The now-joint company provides physical gaming terminals to land-based casinos and video gaming terminal licensees throughout North America.
Many Canadian and US sportsbooks, both brick-and-mortar and online, also utilize Everi's software and odds service. IGT rounds out its products and services with a loyalty program management platform, payment processing software, and production for bingo games for Class II gaming enterprises in the US.
IGT's continuance and potential expansion of its share of the market for those services are now Fernandez's responsibility.
Written by Derek Helling
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