The Hellenic Competition Commission (HCC) in Section, on November 12, 2024, by its Decision 864/2024, unanimously approved the notified concentration, which concerns the acquisition of indirect sole control by “APOLLO CAPITAL MANAGEMENT L.P.” (APOLLO) over the companies “IGNITE ROTATE LLC”, “IGT CANADA SOLUTIONS ULC” (jointly called “IGT Gaming”) and “EVERI HOLDINGS INC” (EVERI), within the meaning of article 5(2)(b) of Law 3959/2011.
Apollo is a global alternative asset management company. IGT Gaming is active in global gaming and play-digital services. In Greece, IGT Gaming is active in gambling and betting services. EVERI is globally active in the sectors of iGaming and FinTech, however EVERI is not active in Greece.
The HCC decided that the competition conditions will not change as a result of the transaction under consideration, neither horizontally nor vertically. The concentration is not expected to change the structure of the relevant markets and therefore will not affect the level of competition or limit competition in these markets.
In view of the above, the HCC, in Section, unanimously approved, under article 8(3) of Law 3959/2011, the notified concentration since, although falling within the scope of article 6(1) of Law 3959/2011, it does not raise serious concerns as to its compatibility with competition rules in the markets concerned.
