International Game Technology (IGT) has promoted Nick Khin to the role of president of Global Gaming.
Khin has served as IGT’s chief operating officer and senior vice president of gaming since 2015. He joined the company in 2013 and led the corporate strategy and mergers and acquisitions functions.
In his new role, he will be responsible for managing the IGT Global Gaming business unit, including studios, technology, sales, games and hardware, manufacturing and services, and systems.
He will report to IGT CEO Vince Sadusky from Las Vegas.
Sadusky called Khin “the obvious choice” to lead the Global Gaming unit.
“Under his leadership, IGT is consistently releasing top games and strengthening its performance in every game category,” Sadusky added. “Nick’s knowledge, leadership and passion have earned him the respect of colleagues throughout our industry.”
Khin’s promotion is the latest executive reshuffle at IGT. Non-executive director Marco Drago was replaced on the board of directors by his son Enrico in May, and Gil Rotem‘s role as IGT PlayDigital president of iGaming was expanded to IGT PlayDigital president.
IGT, Everi merger to go private
The time of change for IGT runs much deeper than personnel.
IGT will be acquired by a newly formed holding company owned by funds managed by affiliates of Apollo Global Management when its $6.3 billion merger with Everi is completed. IGT will separate its IGT Gaming business by way of a taxable spin-off to IGT shareholders and then immediately combine the business with Everi.
IGT Gaming and Everi will be privately owned companies that are part of one combined enterprise. Upon completion of the sale, IGT will change its name and stock ticker symbol and become a pure-play lottery business.
