Konami Gaming Or Apollo Management Could Be New Owners Of IGT

IGT Logo

When I first saw the news about IGT being for sale I didn’t think much of it. The headline was shaped by IGT’s stock price being up 15%. I’m not in the market, so I wasn’t concerned. Then it hit me that one of the largest slot machine and the biggest video poker machine company is on the market and I was full of WOW.

Evidently this wasn’t a surprise to the stock market as IGT’s value has dropped 31% in the past year. They laid off 7% of their staff earlier this year in hopes of cutting enough costs to salvage the company. It doesn’t look like that’s working as the company is rumored to be on the market just to keep it alive. Reuters says IGT has been planning for a sale for the past two months.

The Las Vegas Review Journal reports that a number of private equity companies and gaming companies are interested in acquiring IGT. The most interesting to me are Konami Gaming and Apollo Global Management. Let’s take a quick look at how both could work with IGT.

Celebrate Sailor Jerry Day June 12 at Hog & Heifers

Hogs And Heifers Downtown Las Vegas
Hogs And Heifers

I’m not a fan of Hogs And Heifers because it’s crazy smokey and I don’t like country music or bartenders yelling into a megaphone (GOML). That being said, I’m always looking for an excuse to use this picture that I snapped of Hogs And Heifers in Downtown Vegas at 11am. The place was bumpin and I couldn’t even fit all of the motorcycles into the frame of this picture. People love Hogs And Heifers and it’s always a party.

With that in mind this event is a perfect fit for those of you who are into the HnH, tattoos and Sailor Jerry – the booze and the man. Here are the details: