Key Takeaways
- International Game Technology (IGT) has named Hector Fernandez as its new Chief Executive Officer, effective immediately.
- The leadership change concludes a transitional period after IGT’s gaming and digital business was combined with Everi Holdings under control of Apollo Global Management earlier in 2025.
- Outgoing interim CEO Nick Khin will step down and assume a strategic advisor role to IGT’s senior leadership and Board of Directors.
- Under Fernandez’s leadership, IGT aims to accelerate growth, integrate legacy IGT and Everi teams, and drive content innovation across gaming, digital, and FinTech services.
New Leaders Take Charge
On December 3, 2025, IGT said that Hector Fernandez is now officially the company's Chief Executive Officer. After the company reorganised and bought other companies earlier this year, people expected the move. Fernandez, who has worked in the gaming and tech industries for a long time, will work at IGT's global headquarters in Las Vegas.
Fernandez said in a statement that he was excited about the future:
"This is a company with great talent, strong industry connections, and a lot of potential. We have a chance to change how we work, come up with new ideas, and serve our clients better as we combine the old IGT and Everi teams with Apollo."
Change from Interim CEO to Strategic Realignment
Nick Khin, who had been the interim CEO of the company and the CEO of IGT's Gaming business unit, will stand down from his executive role and become a strategic advisor to the senior leadership team and Board of Directors when Fernandez takes over. The business acknowledged Khin for helping IGT get through the integration process.
This adjustment is a big step forward in IGT's growth as a company. After merging with Everi earlier in 2025 for about $6.3 billion, IGT is now a single company owned by Apollo. The new IGT is made up of three business units: Gaming, Digital, and FinTech.
Strategic Vision
IGT is getting ready to take advantage of the best parts of both legacy IGT and Everi under Fernandez's leadership. The company wants to speed up the creation of new content, grow its presence around the world, and take use of the synergies between traditional gaming, iGaming, and digital betting, as well as integrated FinTech solutions.
The board of directors of Apollo, which includes Chairman Daniel Cohen, praised Fernandez's "people-first culture" and dedication to making the company a high-performing one that can adapt to changing market needs and rules.
Stakeholder Impact Amid IGT’s Integrative Strategy
Under Fernandez, IGT may give gaming operators and casino partners better integration between their slot machines, digital platforms, and FinTech services. This might make things run more smoothly and get players more involved. For staff, the merger is both a chance to progress and a time when the cultures of two firms mix as old teams come together. IGT's new structure and leadership might make competition tougher for the whole gaming sector, especially as consolidation and technology-driven change speed up.
How IGT’s New Structure Shapes Its Future
Under Fernandez's leadership, IGT begins a new era marked by consolidation, innovation, and planned expansion. As the company brings together its Gaming, Digital, and FinTech skills, everyone will be watching to see if it can keep its promises of better products, better operations, and becoming the best in the industry.
As the new IGT settles into its new structure, people who have a stake in it, such casino owners and regulators, will be watching intently to see if this new leadership can handle the complicated relationship between gaming, digital growth, and financial technology.