Deutsche Bank and Macquarie Capital earn recognition as Dealmakers of the Year
In 2024, the US gaming industry witnessed a significant shake-up with the involvement of financial giants Deutsche Bank, Macquarie Capital, and Apollo Funds in various transactions.
One of the most notable deals was the acquisition of Insignia Financial Limited, an Australian diversified wealth management group, by CC Capital and OneIM. Deutsche Bank Australia and Macquarie Capital (Australia) Limited served as lead financial advisors to CC Capital, a role that underscored their expertise in providing strategic financial solutions.
This transaction, structured as a scheme of arrangement and subject to multiple approvals and regulatory conditions, offered a substantial premium to Insignia shareholders.
In a separate but related development, Deutsche Bank and Macquarie Capital also played key advisory roles in the acquisition deal involving IGT, Everi, and Apollo Funds. Under the terms of this deal, announced in July 2024, IGT Gaming and Everi will be privately owned companies under one combined enterprise. This move redefined IGT's future as a pure-play global lottery operator.
The American Gambling Awards, hosted by The Gambling.com Group, recognised the contributions of these financial powerhouses. Deutsche Bank and Macquarie Capital were awarded the Dealmaker of the Year Golden Eagle for their role as lead financial advisors in the sale of IGT Gaming and Digital Business to Apollo Funds.
The Gambling.com Group's annual American Gambling Awards highlight the top companies, products, and executives in the regulated U.S. online gaming market. This year's winners were selected by a panel of 20 judges including FanDuel CEO Amy Howe, BetMGM CEO Adam Greenblatt, and DraftKings CEO Jason Robins.
The newly formed combined company will be headquartered in Las Vegas, a city synonymous with the gaming industry. Randy Taylor, Everi president and CEO, said the transaction provides significant value to its stockholders.
Vince Sadusky, IGT's chief executive officer, worked on the separation of the gaming and lottery units and continues in his role leading the lottery-focused company.
For more information about the American Gambling Awards and this year's winners, visit www.gambling.com/us/awards.
Larry Henry, a veteran print and broadcast reporter and editor who has worked with media outlets in states with gaming, including Las Vegas, Northwest Arkansas, Tennessee, and Louisiana, has been covering this story closely. His insights and analysis provide a comprehensive understanding of the implications of these transactions in the US gaming industry.
- In the landscape of casinos and gambling, the US gaming industry experienced a shift in 2024, with Deutsche Bank and Macquarie Capital, known for their expertise in finance and investing, serving as lead advisors in significant deals.
- Finance giants, including Deutsche Bank and Macquarie Capital, marked their presence beyond just advisory roles, also playing pivotal parts in business transactions such as the acquisition of IGT Gaming and Everi, a move that redefined IGT's future in the global lottery market.
- As the US gaming industry evolves, with collaborations between business giants and gambling entities becoming more prevalent, key figures like Larry Henry, a veteran reporter with a focus on gaming, offer valuable insights into the industry's changing dynamics.
