ilani Selects Comprehensive Portfolio of Everi Payments and Games Solutions

03/31/17

Newest Washington State Casino Entertainment Destination to Feature Everi’s Industry-Leading Fully Integrated 3-in-1 Kiosks and Newest Games on Core HDX® Cabinet, Including TournEvent®

LAS VEGAS, March 31, 2017 (GLOBE NEWSWIRE) -- Everi Holdings Inc. (NYSE:EVRI) (“Everi” or the “Company”), the casino gaming industry’s only single source provider of innovative games and leading payments solutions, announced today that it will provide ilani, Washington’s newest premier gaming and entertainment destination, with a full suite of the Company’s latest products and services.  Set to open next month, ilani will leverage Everi’s deep breadth of payments solutions to optimize its internal payments processes and drive cash to the floor and will also feature a large number of the Company’s newest video reel games in the Core HDX cabinet, including the newest version of Everi’s TournEvent slot tournament solution.

Michael Rumbolz, President and Chief Executive Officer of Everi, commented, “Everi has a long history of supporting gaming and entertainment destinations across Washington State with both our Payments and Games solutions and we are delighted to partner with ilani as they get set to open their doors in the southwestern corner of Washington.  ilani clearly values Everi’s ability to provide a single-source solution for payments and compliance solutions in addition to a diverse range of game themes and products, while understanding the benefits that our industry-leading products can bring to their business.  We congratulate the Cowlitz Tribe on the pending opening and look forward to being an integral part of the beautiful new ilani resort destination north of Portland in the years to come.”

ilani, located in Ridgefield, Washington off Interstate 5 and developed by Salishan-Mohegan LLC in collaboration with the Cowlitz Indian Tribe, will feature a full suite of Everi’s cash access and compliance solutions, including the Company’s CXC 4.0R fully integrated 3-in-1 kiosk.  This leading kiosk solution is unrivaled in driving cash to the floor and supports the full service capabilities of Everi’s payment processing capabilities, including credit, debit and ATM transactions.  ilani will also leverage the Everi Compliance™ solution.

At opening, ilani will feature a large number of Everi’s new Core HDX for-sale cabinets and exciting game themes including Jackpot Inferno® and High Voltage Blackout®.  The Core HDX deployment will include a bank of the Company’s industry-leading TournEvent slot tournament solution.  ilani’s gaming floor will also have a number of Everi participation games including Mega Meltdown®, one of the most popular slot themes in the Washington State market, and games featured on the Company’s High Rise™ and Platinum MPX® premium gaming cabinets.

Erik Palmer, Chief Financial Officer at ilani added, “We see significant benefits in having Everi’s comprehensive portfolio of Payments and Games solutions as key components of the gaming floor at our new gaming and entertainment destination.  Everi’s Payments solutions will have a direct benefit on our ability to create a seamless environment for players to access cash at the property and drive efficiencies in our cage and cash operations, resulting in unmatched customer service.  In addition, Jeff Walker, VP of Gaming Operations stated, with products such as Mega Meltdown and TournEvent, Everi’s Games’ offerings are a must have for our casino floor.  We look forward to working with the team at Everi as we move towards opening next month and thank them for their support as we round out our service offering.”

ilani will also join casinos from across North America as it participates in Everi’s 2017 TournEvent of Champions®.  This award-winning nationwide slot tournament, returning for the sixth straight year, will be held in casinos across the United States and Canada as players compete in local qualifying events.  Leveraging the TournEvent bank being installed on the ilani casino floor, the winner of the qualifying event at the property will join winners from other participating casinos to compete in The Million Dollar Event® on October 4, 2017 at XS in the Wynn/Encore Las Vegas Resort for a share of $1.3 million in cash prizes, including a $1 million* top prize.

About Everi Holdings
Everi Holdings is dedicated to providing video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions and compliance and efficiency software. The Company’s Games business provides: (a) comprehensive content, electronic gaming units and systems for Native American and commercial casinos, including the award winning TournEvent® slot tournament solution; and (b) the central determinant system for the video lottery terminals installed at racetracks in the State of New York. The Company’s Payments business provides: (a) access to cash at gaming facilities via Automated Teller Machine cash withdrawals, credit card cash access transactions, point of sale debit card transactions, and check verification and warranty services; (b) fully integrated gaming industry kiosks that provide cash access and related services; (c) products and services that improve credit decision making, automate cashier operations and enhance patron marketing activities for gaming establishments; (d) compliance, audit and data solutions; and (e) online payment processing solutions for gaming operators in states that offer intrastate, Internet-based gaming and lottery activities.

About ilani
Located on a 156-acre site near La Center, Washington, ilani, developed by the Cowlitz Tribe and Salishan-Mohegan, a partnership that includes Mohegan Sun, one of the world's foremost gaming and entertainment developers and operators, is the West Coast's premier gaming, dining, entertainment and meeting destination. With 368,000 total square feet, ilani includes 100,000 square feet of gaming space with 2,500 slots and 80 gaming tables; 15 different restaurants, bars and retail outlets; and a 2,500-seat meeting and entertainment venue hosting nationally recognized performances. ilani is slated to open in late spring 2017. For more information, visit www.ilaniresort.com and follow ilani on Facebook, Twitter and Instagram.

Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements often address our expected future business, plans, objectives and financial performance, and often contain words such as “goal,” “target,” “future,” “estimate,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “project,” “may,” “should,” or “will” and similar expressions to identify forward-looking statements. These forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those projected or assumed, including, but not limited to, the risks identified in the "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Business" sections of our Annual Report on Form 10-K for the fiscal year ended December 31, 2016, as applicable, and the other risks identified from time to time in our other press releases, reports and filings with the SEC.  If any of our projections or assumptions prove to be incorrect, our actual results and the timing of certain events could differ materially from the forward-looking statements.

*The first place prize of US $1,000,000.00 is payable in periodic payments over 20 years or in a lump sum, present day cash value payment.

Media Relations
Linda Trinh
VP, Marketing & Promotions, Everi
512-334-7627 or linda.trinh@everi.com

Investor Relations
Richard Land, James Leahy
JCIR
212-835-8500 or evri@jcir.com

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Source: Everi Holdings Inc.

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