The firm behind the $6.3 billion acquisition of the International Game Technology (IGT)’s Gaming & Digital Arm and Everi Holdings, Apollo Global Management, is going to be joining the S&P 500 index.
According to a release by S&P Global on Friday, Apollo will be replacing Qorvo Inc, a semiconductor multinational.
The change comes into effect on December 23rd, with Qorvo moving to the S&P SmallCap 600.
Apollo has been prevalent in the news recently, after poaching former Aristocrat Gaming CEO Hector Fernandez to lead the combined IGT Gaming/Everi joint company in 4Q25.
The acquisitions and company mergers are expected by the end of the third quarter of 2025, with ‘the separation of the IGT Gaming business […] expected to be complete in early 2025,’ Apollo had previously indicated.
In February of 2022, Apollo also acquired the operations of The Venetian Resort Las Vegas and the Venetian Expo in Las Vegas for approximately $2.25 billion, after a prolonged agreement period that was first announced in March 2021.
The firm is effectively leasing The Venetian from VICI Properties, which purchased the land and real estate assets of The Venetian from Las Vegas Sands for $4 billion in February of 2022.
