Everi Extends Agreement With New York Lottery to Provide Video Lottery Gaming Central System

02/06/18

LAS VEGAS, Feb. 06, 2018 (GLOBE NEWSWIRE) -- Everi Holdings Inc. (NYSE:EVRI) (“Everi” or the “Company”), the casino gaming industry’s single source provider of gaming products and payments solutions announced today that its Everi Games Holding Inc. subsidiary has extended its 14 year collaboration with the New York Lottery with a new agreement to provide the video lottery central system to the New York Lottery for an additional two years through December 2019.  Everi’s central system currently manages approximately 19,000 Video Lottery Terminals (“VLTs”) installed at nine locations in New York State and the Company earns a percentage of the net revenue generated by the installed VLTs.

Michael Rumbolz, President and Chief Executive Officer of Everi, commented, “We are extremely proud of what we have accomplished in collaboration with the New York Lottery since our central system first went live at Saratoga Raceway in January 2004.  As the installed base of VLTs has grown dramatically since then we have invested in our system in order to ensure that the New York Lottery continues to benefit from a state-of-the-art system for the management of VLTs provided by the two current vendors.  We are honored to have helped drive the past success of video lottery gaming in New York State and to be selected by the New York Lottery to continue to help them going forward.”

Brad Maione, Communications Director of the New York State Gaming Commission said, “We have had tremendous success with video lottery gaming at racetracks across the State as a result of working with technology partners such as Everi.  We are pleased to be moving forward through this extension with a valued partner as we continue to look to grow contributions from VLTs which provide an important source of funding to New York State.”

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. In this context, forward-looking statements often address our expected future business 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.  The forward-looking statements in this press release are subject to additional risks and uncertainties, including those set forth under the heading “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our filings with the Securities and Exchange Commission (the “SEC”), including, without limitation, our Annual Report on Form 10-K for the fiscal year ended December 31, 2016 filed with the SEC on March 14, 2017 and subsequent periodic reports, and are based on information available to us on the date hereof. These cautionary statements qualify our forward-looking statements and you are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement contained herein speaks only as of the date on which it is made, and we do not intend, and assume no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Everi
Everi is dedicated to providing video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions and compliance and efficiency software to casino operators. Everi Games provides: (a) comprehensive content, electronic gaming units and systems for Native American and commercial casinos, including both Wide-Area Progressive systems and the award winning TournEvent® slot tournament solution; and (b) the central determinant system for the video lottery terminals installed in the State of New York. Everi Payments 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. 

Contacts
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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