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Everi Reports 2020 First Quarter Results

06/02/20
LAS VEGAS, June 02, 2020 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of gaming products, financial technology and player loyalty solutions to the gaming industry, today reported financial results for the first quarter ended March 31, 2020.
First Quarter 2020 Highlights Results impacted by the March casino closures due to the COVID-19 pandemic Company took swift action to increase liquidity and reduce cash outflows Revenue was $113.3 million compared to $123.8 million a year ago Net loss was $13.5 million, or a loss of $(0.16) per diluted share, inclusive of a $7.4 million pre-tax loss on extinguishment of debt, compared to net income of $5.9 million, or $0.08 per diluted share, in the prior year Adjusted EBITDA, a non-GAAP financial measure, was $52.3 million compared to $61.3 million a year ago Free Cash Flow, a non-GAAP financial measure, was $18.4 million compared to $21.2 million in the prior year Michael Rumbolz, Chief...
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Everi Holdings to Report 2020 First Quarter Results on June 2 and Host Conference Call and Webcast

05/18/20
LAS VEGAS, May 18, 2020 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE:EVRI) announced today that it will release its 2020 first quarter results after the market closes on Tuesday, June 2, 2020, and host a conference call and simultaneous webcast at 5:00 p.m. ET that day.
The conference call may be accessed live over the phone by dialing (323) 794-2423.  A replay will be available beginning at 8:00 p.m. ET that day and may be accessed by dialing (412) 317-6671; the PIN number is 5912266.  The replay will be available until June 9, 2020. The call will be webcast live from the Company’s website at www.everi.com (select “Investors” followed by “Events & Presentations”). About Everi Holdings Everi (NYSE: EVRI) is a leading supplier of imaginative entertainment and trusted technology solutions for the casino, interactive, and gaming industry. With a focus on both customers and players, the Company develops entertaining games and gaming machines, gaming systems and services, and is...
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Everi Announces Date of the Company’s 2020 Annual Stockholders’ Meeting

04/27/20
LAS VEGAS, April 27, 2020 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of gaming products and financial technology and loyalty solutions in the gaming industry, today announced that the Company’s 2020 Annual Meeting of Stockholders will be held on June 16, 2020, at 9:00 am Pacific Time at the Company’s Corporate Headquarters located at 7250 S. Tenaya Way, Suite 100 in Las Vegas, Nevada 89113. The Company may require attendees to comply with health and safety protocols endorsed by the Centers for Disease Control, which may include recommended social distancing and personal protective equipment such as face masks.
Stockholders of record as of the close of business on May 8, 2020, will be entitled to notice of, and to vote at, the Annual Stockholders Meeting, or any adjournment or postponement thereof. The Company intends to mail proxy materials to stockholders of record for the Company’s Annual Meeting on or about May 18, 2020....
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Everi Announces Successful Completion of $125 Million Incremental Term Loan and Certain Amendments to Its Senior Secured Credit Agreement

04/21/20
LAS VEGAS, April 21, 2020 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of gaming products and financial technology and loyalty solutions in the gaming industry, today announced that the Company successfully completed its new First Lien Term Loan (“Incremental Financing”) in the amount of $125 million. The Incremental Financing has a maturity concurrent with the May 2024 maturity date under its existing Senior Secured Credit Facility (“Existing Credit Agreement”) and an interest rate of LIBOR plus 1050 basis points with a 1% LIBOR floor. The net proceeds are intended to provide additional liquidity and financial flexibility to better position Everi to withstand the challenging conditions resulting from the novel COVID-19 pandemic and strengthen its operations as industry conditions improve.
In addition to this Incremental Financing, the Company also amended its Existing Credit Agreement to provide for changes to certain...
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EVERI PROVIDES BUSINESS UPDATE

03/24/20
LAS VEGAS, March 24, 2020 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of gaming products and financial technology and loyalty solutions in the gaming industry, today announced a range of actions that management and the Board of Directors have implemented to maintain balance sheet flexibility and preserve liquidity given the business disruption caused by the rapid nationwide spread of the novel COVID-19 virus and the actions by state and tribal governments and businesses to contain the virus.
Since mid-March, the Company has drawn down $35 million on its revolving credit facility to provide additional near-term liquidity and cancelled or delayed material capital expenditures. Most recently, the Company implemented targeted furloughs and Company-wide salary reductions. The CEO elected to cut his salary to zero and the executive team elected to reduce their salaries by 70%, amongst those actions. The effect of these actions has...
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Everi Holdings Announces New Executive Leadership Roles to Support Further Growth

03/09/20
Randy Taylor Promoted to President and Chief Operating Officer
Mark Labay Appointed Executive Vice President and Chief Financial Officer David Lucchese Named Executive Vice President, Sales, Marketing and Digital, Following Retirement of Edward Peters CEO Michael Rumbolz Extends Employment Term Through March 2022 LAS VEGAS, March 09, 2020 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), the gaming industry’s premier single-source provider of gaming products, financial technology and loyalty solutions, announced today that Randy L. Taylor has been promoted to the newly created position of President and Chief Operating Officer and Mark F. Labay has been appointed to succeed Mr. Taylor as Executive Vice President, Chief Financial Officer and Treasurer. In addition, David J. Lucchese will assume the role of Executive Vice President, Sales, Marketing and Digital, succeeding Edward A. Peters who informed the Company of his plans to retire following a...
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Everi Wins in Three Categories at Second Annual EKG Slot Awards Show

03/04/20
Cash Machine® and Shark Week® Jaws of Steel™ Take Top Honors in Respective Categories, Company Recognized as Most Improved Supplier LAS VEGAS, March 04, 2020 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of gaming products and financial technology and loyalty solutions in the gaming industry, won in three distinct categories at the Second Annual EKG Slot Awards on Feb. 27, 2020, at The Cosmopolitan in Las Vegas. Everi won “Top Performing New Mechanical Reel Core Game” category for Cash Machine®; “Top Performing Third Party IP Branded Game” category for Discovery Channel’s Shark Week® Jaws of Steel™; and “Most Improved Supplier – Premium” category. The event is presented by Eilers & Krejcik Gaming, LLC, and designed to recognize excellence in slot machine game development in the casino gaming industry. Winners are determined through a data driven process combined with a distinguished advisory board. “This acknowledgment coupled...
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Everi Reports Record 2019 Fourth Quarter and Full Year Results

03/02/20
Company Initiates 2020 Full Year Guidance
Board Authorizes $10 Million Share Repurchase Program LAS VEGAS, March 02, 2020 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE:EVRI) (“Everi” or the “Company”), a premier provider of gaming products, financial technology and player loyalty solutions to the gaming industry, today reported financial results for the fourth quarter and full year ended December 31, 2019. Fourth Quarter 2019 Highlights Revenue increased 22% to a quarterly record $145.2 million Net loss was $4.1 million, or $(0.05) per diluted share, inclusive of a $6.4 million pre-tax charge related to a litigation settlement, compared to net income of $4.2 million, or $0.06 per diluted share, in the prior year Adjusted EBITDA, a non-GAAP financial measure, increased 16% to $63.2 million Free Cash Flow, a non-GAAP financial measure, increased $6.4 million to $4.5 million Full Year 2019 Highlights Revenue grew 14% to a record $533.2 million Net income increased 33% to $16.5...
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Everi Holdings to Participate in Five Upcoming Investor Conferences

02/25/20
LAS VEGAS, Feb. 25, 2020 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE:EVRI) announced today that Randy Taylor, Executive Vice President and Chief Financial Officer, and William Pfund, Vice President, Investor Relations, will participate in five upcoming institutional investor conferences:
Raymond James 40th Annual Institutional Investor Conference on March 4, 2020 at the JW Marriott Orlando Grande Lakes in Orlando, FL. Mr. Taylor will make a company presentation at the conference. Mr. Taylor and Mr. Pfund, will also conduct individual and group meetings with institutional investors throughout the day.   J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on Thursday, March 12 and Friday, March 13, 2020 at Encore, Wynn Las Vegas in Las Vegas, NV. Mr. Pfund will conduct individual and group meetings with institutional investors on both days.   ROTH Capital Partners 32nd Annual ROTH Conference on Monday, March 16, 2020 at The Ritz-Carlton, Laguna Niguel in...
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Everi Introduces New Empire DCX™ and Empire Flex™ Cabinets and Next Iteration of Award-Winning TournEvent® Platform

02/19/20
Leading Native American Casinos Debut Company’s Newest Gaming Solutions LAS VEGAS, Feb. 19, 2020 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of gaming products, financial technology, and loyalty solutions in the gaming industry, announced today that three leading tribal casino properties are the first to deploy the Company’s latest gaming hardware platforms and entertainment experiences. The all-new Empire Flex™ cabinet featuring BEAST™ recently debuted at Coushatta Casino Resort in Kinder, La., the new Empire DCX™ cabinet featuring The Mask™ themed slot game debuted at Pechanga Resort Casino in Temecula, Calif., and the TournEvent Now™ sit-and-go feature is now installed at Pala Casino in Pala, Calif.
“These first-to-market installations represent a significant milestone for Everi and reflect our commitment to creating innovative hardware platforms on a consistent basis as set forth in our development roadmap,” said Dean...
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Everi Holdings to Report 2019 Fourth Quarter and Full Year Results on March 2 and Host Conference Call and Webcast

01/28/20
LAS VEGAS, Jan. 28, 2020 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE:EVRI) announced today that it will release its 2019 fourth quarter and full year results after the market closes on Monday, March 2, 2020, and host a conference call and simultaneous webcast at 5:00 p.m. ET that day.
The conference call may be accessed live over the phone by dialing (646) 828-8143.  A replay will be available beginning at 8:00 p.m. ET that day and may be accessed by dialing (412) 317-6671; the PIN number is 2972384.  The replay will be available until March 9, 2020. The call will be webcast live from the Company’s website at www.everi.com (select “Investors” followed by “Events & Presentations”). About Everi Holdings
Everi is a leading supplier of imaginative entertainment and trusted technology solutions for the casino, interactive and gaming industry. With a focus on both customers and players, the Company develops entertaining games and gaming machines, gaming systems and...
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Everi to Provide New York Lottery With Video Lottery Gaming Central System Through 2029

01/14/20
LAS VEGAS, Jan. 14, 2020 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE:EVRI) (“Everi” or “the Company”) announced today that it has extended its relationship with the New York Lottery for 10 additional years, pursuant to a new agreement to provide the New York Lottery with the video lottery central system through September 2029.  Everi’s central system currently monitors and administers more than 17,000 Video Lottery Terminals (“VLTs”) installed at nine facilities across New York State.  The Company will continue to earn a fixed percentage of the net revenue generated by the installed VLTs.
Robert Williams, Executive Director of the New York State Gaming Commission, said, “During the nearly 16 years that video lottery gaming has operated at racetracks across the State, the Commission has offered innovative gaming entertainment to players, which has provided a consistent source of funding for education in New York and distributed more than $250 billion in prizes. Through the...
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Everi Launches Exclusive Gaming Content with Parx Casino for Online Real-Money Play in Pennsylvania

01/07/20
Company Partners with Premier Land-Based and Online Casino to Offer Distinct Stepper and Video Games to Online Player Community LAS VEGAS, Jan. 07, 2020 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), the casino gaming industry’s single source provider of gaming products and financial technology and loyalty solutions, announced today that Parx Online™, the online casino from Parx Casino ® , has launched five of the Company’s player popular stepper titles – including Double Jackpot ® , Meltdown ® , Smokin’ 777 ® , Tiger 7s ® , and Vortex ® – for real-money online gaming in Pennsylvania. Parx Online™ plans to introduce additional titles following the initial launch, including exclusive games such as Star Magic™ and Sapphire Spin™.
“We are excited to have Parx Online™ fully integrated with our remote game server (RGS), enabling us to directly deliver some of our highest performing land-based three-reel mechanical and video titles to their online...
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EVERI Announces Successful Completion of the Previously Announced Partial Redemption of its 7.50% Senior Unsecured Notes due 2025

01/06/20
Series of financial transactions lowers annual interest expense by $9.6 million LAS VEGAS, Jan. 06, 2020 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of gaming products, financial technology and player loyalty solutions in the gaming industry, today announced that it successfully completed the previously announced redemption of $84.5 million of the Company’s 7.50% Senior Unsecured Notes due 2025, along with payment of accrued and unpaid interest thereon plus any related premiums, fees and costs, using a portion of the net proceeds from the previously disclosed common stock offering completed on December 10, 2019.
As a result of this redemption, along with the pay down of $30.5 million of the Company’s Senior Secured Term Loan on December 10, 2019 and the successful repricing of the Senior Secured Term Loan under its Credit Agreement dated as of May 9, 2017 (as amended), which reduced the Applicable Rate for interest by 25...
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Stock Quote: NYSE

NYSE EVRI $5.98

% Change +28.33%

Today's Open 5.11

Volume 18,048,444

Intraday High 6.27

Intraday Low 4.93

52 Week High 14.88

52 Week Low 1.55

Change +1.32

Previous Close 4.66

Jul 10, 2020 04:00 PM Minimum delay 20 minutes

Contact Us

Primary Everi IR Contact
Richard Land and Jim Leahy

JCIR
212-835-8500
evri@jcir.com

Transfer Agent
Broadridge Corporate Issuer Solutions, Inc.
1717 Arch St., Suite 1300
Philadelphia, PA 19103 215-553-5400
http://www.broadridge.com

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