Deutsche Bank, Macquarie Capital awarded Dealmaker of the Year at American Gambling Awards | Yogonet International
The American Gambling Awards have honored two financial giants, Deutsche Bank and Macquarie Capital, as co-winners of the Dealmaker of the Year award. This accolade was granted for their collaborative efforts as lead financial advisors on the sale of International Game Technology’s (IGT) Gaming and Digital Business to Apollo Funds.
The organizers of the program noted, “This recognition highlights the pivotal role in providing tailored financial solutions that drive growth and innovation within the regulated U.S. online gambling industry, reinforcing their reputations as trusted partners in complex, high-value transactions across the gaming sector.”
The American Gambling Awards, a distinguished event presented by Gambling.com Group Limited, pays tribute to the leading companies and executives shaping the landscape of regulated U.S. online gambling. The awards serve as a benchmark for excellence within the industry.
“We are incredibly honored to be named Dealmaker of the Year for the second time at the 2024 American Gambling Awards, having first received this recognition in 2022,” expressed Reza Akhavi, Global Co-Head of Real Estate, Gaming, Lodging & Leisure of Deutsche Bank.
Acknowledging the significance of this award, Vishal Lokre, Managing Director of Deutsche Bank, stated, “This award highlights Deutsche Bank’s ongoing commitment to delivering innovative and tailored solutions, even in the most complex transactions. We look forward to continuing to support our clients in navigating transformative opportunities and shaping the future of the global gaming industry.”
Deutsche Bank and Macquarie Capital played a crucial role as joint financial advisors to IGT regarding the company’s announced agreement to sell its Gaming and Digital Business, along with Everi, to Apollo Funds. This deal, valued at $6.3 billion, was publicized in July 2024, replacing the previously planned spin-off and merger with Everi Holdings announced earlier in February 2024. This transaction emerged as a result of a strategic review initiated by IGT’s Board of Directors in June 2023.
Charles Gillespie, Gambling.com Group co-founder & Chief Executive Officer, congratulated the winners, saying, “Congratulations to Deutsche Bank and Macquarie Capital for being named as co-winners of this category. Their leadership on the sale of IGT’s Gaming and Digital Business to Apollo Funds enabled and delivered a complex transaction that created value for all stakeholders.”
This notable $6.3 billion transaction not only redefined IGT’s future as a pure-play global lottery operator but also demonstrated Deutsche Bank and Macquarie Capital’s adeptness in navigating and executing highly complex, cross-border deals. Their expertise in providing strategic financial solutions has been a key driving factor in the ongoing growth within the U.S. online gambling industry.
As the industry continues to evolve, the contributions of Deutsche Bank and Macquarie Capital highlight the importance of strategic financial advisement in facilitating large-scale, influential transactions. Their success in this realm signals potential pathways for future growth and development in the global gaming industry.
