Hector Fernandez Takes Command at Reorganized IGT

Leading a Restructured Giant

Fernandez assumes control of a significantly transformed corporate entity. The appointment follows the conclusion of a complex $6.3 billion transaction finalized in July 2025.

This deal privatized the assets of IGT Gaming & Digital and merged them with Everi to create a single supplier powerhouse. To facilitate this combination, the legacy Global Lottery division was spun off into a separate, independent company now known as Brightstar Lottery.

The “new” IGT under Fernandez focuses exclusively on three core verticals: land-based gaming, online digital markets, and financial technology.

The inclusion of Everi’s assets adds significant fintech capabilities to IGT’s traditional portfolio of slot machines and casino management systems.

Fernandez is tasked with finalizing the integration of these distinct corporate cultures and product lines. His goal is to accelerate growth while streamlining operations for the Apollo-backed enterprise.

Executive Transition and Industry Background

The board selected Fernandez based on his extensive track record in the gaming technology sector. He previously served as CEO for Aristocrat Gaming, one of IGT’s direct global competitors.

Daniel Cohen, a Partner at Apollo and Chairman of the IGT Board, expressed confidence in the new appointment. Cohen noted that the combined enterprise requires strong leadership to “enhance product and content innovation” and become a stronger partner to casino operators.

This appointment signals the end of the interim leadership period. Nick Khin, who served as Interim CEO during the critical months following the July merger, has stepped down from the top executive post.

Khin will not leave the organization entirely. He transitions into a new role as a strategic advisor to the board and executive team. Fernandez acknowledged Khin’s stewardship, stating that his leadership through the transition period was “invaluable to the organization.”

Defining the Next Chapter

Fernandez enters the role with a mandate to define the future strategy of the merged entity. He emphasized the potential of combining the legacy talent from both IGT and Everi.

“We have an opportunity to evolve how we operate, innovate, and deliver for our customers,” Fernandez said. “I’m looking forward to working with our teams around the world to define what’s next for IGT.”

The operational structure places Fernandez at the top of a diverse executive team. He will directly oversee the Gaming business unit once regulatory approvals clear.

He also manages the leaders of the other divisions, including Gil Rotem, who leads the Digital unit, and Darren Simmons, who heads the FinTech division acquired from Everi.

This structure aims to maintain focus on specific market segments while leveraging the scale of the combined company.