Everi and Penn National Gaming Extend Cash Access Services Agreement

11/05/18

LAS VEGAS, Nov. 05, 2018 (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 solutions, announced today a four-year extension of its cash advance, ATM, check warranty, and redemption device services agreement with Penn National Gaming, Inc. (NASDAQ: PENN) (“Penn National”), the nation’s largest regional gaming operator with 40 properties in 18 jurisdictions throughout the United States.   

Everi will also serve as the exclusive supplier of any new kiosk hardware deployed at Penn National sites during the extended agreement term. Everi has been a long time provider of ATM, cash advance, and check warranty services for Penn National as well as ATM and cash advance services for Pinnacle Entertainment prior to its recent acquisition by Penn National.

“Extending our agreement to provide a full range of cash access services for Penn National is a testament to the level of operating efficiencies and ease of use our cash access products deliver to casino operators and their players,” said Darren Simmons, Business Leader, Financial Technology Solutions, at Everi. “Our cash access products are designed and built with both the casino employee and patron in mind all in an effort to help drive more funds to the floor efficiently and securely. We appreciate Penn National’s continued recognition of the unique benefits our innovative products bring to their operations and their ability to offer a better patron experience in deciding to extend and expand on the services we provide them.”

“Our goal is to deliver best-in-market gaming, entertainment, and dining experiences for our customers,” said Jay Snowden, President and Chief Operating Officer of Penn National. “We want to provide our more than five million active customers in our player rewards database, and those patrons who visit our gaming facilities for the first time, an exceptional experience which typically starts with them accessing funds. Everi’s cash access products and intuitive kiosks will enable us to offer that premium experience our patrons have come to expect from a Penn National facility.”

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About Everi
Everi is a leading supplier of technology solutions for the casino gaming industry. The Company Powers the Casino Floor® by providing casino operators with a diverse portfolio of products including innovative gaming machine and casino operational and management systems that include comprehensive, end-to-end financial technology solutions, critical intelligence offerings, and gaming operations efficiency technology. Everi also provides proven, tier one land-based game content to online social and real-money markets via its Remote Game Server and operates social play for fun casinos. Everi’s mission is to be a transformative force for casino operations by facilitating memorable player experiences, delivering reliable protection and security, and striving for customer satisfaction and operational excellence. For more information, visit www.everi.com.   

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About Penn National Gaming
Penn National Gaming owns, operates, or has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. Reflecting the recent completion of the Pinnacle Entertainment transaction, the Company now operates 40 facilities in 18 jurisdictions. In total, Penn National facilities feature approximately 49,000 gaming machines, 1,200 table games, and approximately 9,000 hotel rooms. The Company also offers social online gaming through its Penn Interactive Ventures division and has leading customer loyalty programs with over five million active customers.

Contacts:

Media Relations
Lee Higgins
Marketing Communications Specialist
(512) 334-7579
lee.higgins@everi.com

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

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Source: Everi Holdings Inc.

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Dec 18, 2018 04:02 PM Minimum delay 20 minutes

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