12/15/21
CEO Michael Rumbolz to be Appointed Executive Chairman; COO Randy Taylor to be Appointed CEO The Board of Directors of Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology and player loyalty solutions, today announced that Chief Executive Officer Michael D. Rumbolz will be appointed Executive Chairman of the Board and that current Chief Operating Officer Randy L. Taylor will succeed Mr. Rumbolz as Chief Executive Officer of the Company. Mr. Taylor also will be appointed to the Board of Directors. All appointments will be effective April 1, 2022. "Under Mike's leadership the Company's market capitalization has increased from $168 million at the time of his appointment as Interim President and CEO in February 2016 to approximately $2 billion today," said Ronald Congemi, Lead Independent Director of Everi. "The Company's appreciation in market value, the significant growth we...
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12/13/21
Expands Canadian Footprint to Atlantic Canada Everi Digital, the online gaming division of Everi Holdings Inc. (NYSE: EVRI) ("Everi" or "the Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions, announced today a new partnership to bring its award-winning gaming content to Atlantic Lottery Corporation's ("ALC") online casinos. Everi's exciting three-reel mechanical and video slot content is now available online across the New Brunswick province. The Company is securely delivering its iGaming slot content to ALC via the proprietary Spark Remote Game Server ™ ("Spark RGS"). Over the past three years, Everi Digital has extended the footprint of the Spark RGS and, in addition to ALC, provides its content to the Canadian provinces of British Columbia, Manitoba, Ontario, and Quebec, as well as operators in the states of Connecticut, Michigan, New Jersey, Pennsylvania, and West Virginia. The Company is...
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11/15/21
Everi Recognized as a "Top Workplace" for Second Time; Company Receives Culture Excellence Award for Remote Work Everi Holdings Inc. (NYSE: EVRI) ("Everi" or "the Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and loyalty solutions, announced today that it has been honored with a "Greater Austin Top Workplaces 2021" award by The Austin American-Statesman. The Austin-based newspaper published its full list of the award winners in a special "Top Workplaces 2021" section on November 12. In addition to the recognition from The Austin American-Statesman, Everi earned a national Top Workplaces 2021 Culture Excellence Award for "Remote Work" in October due to its diligent efforts to create a desirable culture in a remote work environment. The Company also received in September a Nevada Top Workplaces 2021 award from The Las Vegas Review-Journal and Las Vegas Business Press, which published in September. Furthermore, it...
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11/03/21
Growth in Games and FinTech Segments Drives Quarterly Record Recurring Revenue
Raises Full-year Revenue and Earnings Guidance Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology and player loyalty solutions, today announced third quarter results for the period ended September 30, 2021. Third Quarter 2021 Financial Highlights and Updated Full Year Outlook As the third quarter 2020 financial results were significantly impacted by the COVID-19 pandemic, Everi believes a more meaningful comparison for its 2021 third quarter results and an indication of its growth is to the 2019 third quarter results, for which revenues and Adjusted EBITDA were higher than in the 2020 third quarter. Financial results for the 2021, 2020 and 2019 third quarter periods are presented in the Consolidated, Games and Financial Technology Solutions comparative results tables below. Revenues rose...
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11/02/21
Agreement Combines Most Widely Deployed Land-Based Digital Gaming Wallet with Leading Provider of Integrated Payment Processing and Technology Solutions Everi Holdings Inc. (NYSE: EVRI) ("Everi" or "the Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions today announced an agreement with Shift4 (NYSE: FOUR) to integrate Everi's CashClub Wallet ® technology with Shift4's end-to-end payment solution. The CashClub Wallet technology from Everi extends cashless payments and a patron's digital journey throughout the gaming enterprise using traditional, alternative, and mobile technologies. Everi's single wallet solution empowers casino operators to successfully deliver on all aspects of the emerging mobile casino ecosystem, including funding at the gaming device, payments at the retail point of sale, and funding of online sports betting, iGaming or social gaming. This true cashless experience also...
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10/28/21
Expands North American Footprint to Nine Markets with Day One Availability Everi Digital, the online gaming division of Everi Holdings Inc. (NYSE: EVRI) ("Everi" or "the Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions, has partnered with multiple iGaming operators to bring Everi's award-winning gaming content to online casinos in Connecticut. With this launch, Everi's exciting three-reel mechanical themes and video slot content is available in the state for the first time. Over the past three years, Everi Digital has extended the footprint of its proprietary Spark Remote Game Server ™ ("Spark RGS"), which houses its iGaming slot content, to include Connecticut, Michigan, New Jersey, Pennsylvania, and West Virginia, as well as British Columbia, Manitoba, Ontario, and Quebec in Canada. During this time, Everi has become a top provider of iGaming content to operators and has consistently grown...
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10/26/21
Agreement Introduces Everi's Distinct Gaming Library to Delaware Players through Launch of Nearly 500 Recurring Revenue Games Everi Holdings Inc. (NYSE: EVRI) ("Everi" or "the Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions today announced a five-year agreement with the Delaware Lottery to launch the Company's high-performing gaming content. Everi will bring an extensive library of its proven, player-popular games to Delaware for the first time with an anticipated late 2021 launch at three properties. The company plans to install nearly 500 units across Casino at Delaware Park, Dover Downs Hotel & Casino, and Harrington Raceway & Casino by early 2022. Everi will deploy almost every cabinet in its portfolio – the Empire MPX™, Empire Flex™, Empire DCX™, Empire Arena™, Flex Fusion™, Player Classic®, Player Classic Skyline™, and Skyline Revolve™ platforms. "This is an important...
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10/14/21
Everi Holdings Inc. (NYSE:EVRI) announced today that it will release its 2021 third quarter results before the market opens on Wednesday, November 3, 2021, and host a conference call and simultaneous webcast at 11:00 a.m. ET / 8:00 a.m. PT that day. The conference call may be accessed live over the phone by dialing (201) 689-8471. A replay will be available beginning at 2:00 p.m. ET that day and may be accessed by dialing (412) 317-6671; the PIN number is 13724406. The replay will be available until November 10, 2021. The call will be webcast live and archived at the Company's website at www.everi.com (select "Investors" followed by "Events & Contact"). About Everi Holdings Everi's mission is to lead the gaming industry through the power of people, imagination, and technology. Focused on player engagement and assisting our casino customers to operate more efficiently, the Company develops entertaining game content and gaming machines, gaming systems, and services for land-based...
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10/14/21
Ontario Lottery and Gaming Corporation (OLG) today welcomes Nevada-based Everi Digital, the online gaming division of Everi Holdings Inc. (NYSE: EVRI) to its ever-growing complement of digital casino game providers for Ontario's trusted platform of choice, OLG.ca . Everi Digital will provide twelve new titles over the coming months – the first of which are available as of today – that are more advanced versions of classic three-reel "stepper" slots, reminiscent of older mechanical games with three reels. "OLG is constantly exploring opportunities with new partners, like Everi Digital, to expand our digital gaming ecosystem and provide exciting new content to meet the needs of our current customers and to attract new audiences," said Andrew Darley, OLG Senior Director, iCasino. "Our experienced players will love the nostalgia of these new three-reel slots while new players will appreciate the simplicity of these fun, themed games. Who doesn't love to see those three reels line up with...
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10/04/21
Highlights Latest Product Offerings at Management Presentation Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology and player loyalty solutions, today announced that at its investor and analyst presentation in conjunction with the 2021 Global Gaming Expo ("G2E"), the Company tightened its outlook for 2021 full year net income and Adjusted EBITDA to the top end of the previously provided range. The Company now expects that 2021 full year net income will be $90 million to $95 million and Adjusted EBITDA will be $337 million to $342 million. Everi had previously expected 2021 full year net income of $87 million to $95 million and Adjusted EBITDA of $332 million to $342 million. The updated full year guidance demonstrates meaningful ongoing annual growth compared to 2020 and pre-pandemic 2019 results, even as the current COVID-19 pandemic environment persists. "Everi's focus on...
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10/04/21
Spark Remote Game Server™ Expands Footprint, Now Features Over 50 games Everi Digital, the online gaming division of Everi Holdings Inc. (NYSE: EVRI) ("Everi" or "the company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions, will showcase new titles, including the initial launch of digital progressive games with 11 themes for its proprietary Spark Remote Game Server ™ ("Spark RGS") at Global Gaming Expo (G2E) 2021 (October 4-7; Booth #1150). Since Everi first demonstrated Spark RGS at G2E in 2018, the Company has continued to invest in updates for its server-based gaming solution, particularly to support the progressive game content that has proven to be very popular with iGaming players. Everi's digital gaming catalog now consists of more than 50 distinct titles, with more on the way. "The expansion of our digital game catalog to include our first-ever progressive titles exemplifies our commitment...
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10/01/21
Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology and player loyalty solutions, announced today that it will host a live webcast of management's investor presentation to preview their products for the upcoming 2021 Global Gaming Expo ("G2E") followed by a question and answer period on Monday, October 4, 2021, at 3:00 – 4:00 p.m. PT. The webcast of the presentation will be available beginning at 3:00 p.m. PT October 4, 2021 and be archived through October 21, 2021 on the Company's website at www.everi.com (select "Investors" followed by "Events & Contact"). Earlier this week, the Company issued press releases showcasing their new and innovative Games and FinTech products. Experience the interactive Multichannel News Releases here: Everi to Showcase Industry-Leading, Fully Integrated FinTech Advancements at Global Gaming Expo 2021 Everi to Showcase Deep Library of Game...
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10/01/21
Progressive Meter Reporting Technology Adds New Functionality to Everi's FinTech Portfolio Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology and player loyalty solutions, today announced that it is acquiring certain strategic assets of Meter Image Capturing, LLC ("MIC"), a privately owned provider of progressive meter reporting technology that utilizes optical and voice recognition to accurately record and store all progressive meter data of electronic gaming machines on a casino gaming floor, significantly enhancing the process and reducing time casino operators spend on this daily task. The acquisition was funded from existing cash on hand and Everi expects the acquisition to be accretive to earnings and operating cash flow. Financial terms were not disclosed. Introduced to the gaming market in February 2020, MIC's technology solution is a revolutionary new system...
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09/30/21
Introduces Player Classic Signature™ Mechanical Cabinet Everi Holdings Inc. (NYSE: EVRI) ("Everi" or "the Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions, will showcase the latest additions to its award-winning game library at the 21 st annual Global Gaming Expo (G2E ® ), October 4-7, 2021. Everi's introductions will include nearly 40 new original game themes with innovative features and 6 licensed brand titles. Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8854152-everi-showcase-library-game-content-newest-global-gaming-expo-2021/ "Everi's player focus and investment in development of new gaming cabinets, content, and play features are delivering greater player engagement and have increased our ship share of for sale games and our installed base of recurring revenue machines," said Michael Rumbolz, Everi...
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09/29/21
CashClub Wallet®, Jackpot Xpress®, PitXpress™, and Trilogy™ Highlight Comprehensive Solutions Portfolio Everi Holdings Inc. (NYSE: EVRI) ("Everi" or "the Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions, will showcase its ever-expanding "Digital Neighborhood", a fully integrated suite of FinTech solutions, at Global Gaming Expo (G2E) 2021 (October 4-7; Booth #1150). Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8854151-everi-holdings-inc-fintech-global-gaming-expo-2021/ Everi's "Digital Neighborhood" represents a complete suite of financial, casino loyalty and compliance products and services that bring commonality and continuity to operator workflows. The "Digital Neighborhood" suite demonstrates the Company's leadership position and highlights Everi's ability to develop solutions that incorporate...
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09/13/21
Game Now Available to Players in New Jersey and Pennsylvania Everi Digital, the online gaming division of Everi Holdings Inc. (NYSE: EVRI) ("Everi" or "the company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions, announced it has partnered with BetMGM to launch the custom-themed game " Borgata 777 Respin ." Delivered via Everi's proprietary Spark Remote Game Server ™ , the Borgata 777 Respin game is the first title Everi has developed in coordination with BetMGM. It is currently available through BetMGM Casino, Borgata Casino, and Party Casino in New Jersey, and on BetMGM Casino and Borgata Casino in Pennsylvania. "This rewarding collaboration with BetMGM brings online gamers a thrilling new title that adds to and enhances our award-winning stepper, video slot, and progressive jackpots content offerings," said David Lucchese, Executive Vice President of Sales, Marketing, and Digital for Everi....
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08/12/21
Installation of Penn National's mychoice Cashless Wallet Now Live at Hollywood Casino York Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology and player loyalty solutions, today announced that the Company's digital CashClub Wallet ® technology is powering Penn National Gaming, Inc.'s (Nasdaq: PENN) ("Penn National") new my choice Wallet at Hollywood Casino York in Pennsylvania, following previous installations at Hollywood Casino at Penn National Race Course and the Meadows Racetrack & Casino in Pennsylvania. The new my choice Wallet provides Penn National's guests with a secure, convenient cashless payment method on the casino floor, and this installation is part of an agreement that will see my choice Wallet introduced at Penn National's casino properties pending appropriate regulatory approvals. Everi's CashClub Wallet is a mobile digital wallet that enables casino...
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08/05/21
Konami Casino Management System to Support Everi's Cashless Funding and Payment Solution Konami Gaming, Inc. and Everi Holdings Inc. (NYSE: EVRI) today announced a partnership to integrate SYNKROS® with Everi's digital CashClub Wallet®. The integration of Konami's award-winning casino management system (CMS) with CashClub Wallet® merges Konami's reputation for high system reliability with Everi's industry leading solutions in cashless payments. Through this partnership, Konami will offer Everi's flexible, cost-effective, funding and payment solution to operators that utilize Konami's advanced casino management system. SYNKROS empowers operators to capture and compile data through all connected areas of the property — gaming and non-gaming — to generate a 360-degree patron view. This includes marketing, slots, tables, analytics, cage, credit, vault and other interfaced resort amenities. As one of the industry's leading player tracking systems, SYNKROS is best known for its reliability,...
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08/04/21
Broad-based Strength in Games and FinTech Segment Operating Performance
Provides Full Year 2021 Guidance, including Net Income of $87 Million to $95 Million and Adjusted EBITDA of $332 Million to $342 Million Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and loyalty solutions, today reported record financial results for the second quarter ended June 30, 2021. The 2021 second quarter revenue, net income, Adjusted EBITDA and Free Cash Flow are all slightly above the respective ranges the Company provided on June 21, 2021. The results are a quarterly sequential improvement from the 2021 first quarter, reflecting continued strength in casino patron demand, while still reflecting an ongoing, but reduced, impact of the COVID-19 pandemic. Second Quarter 2021 Financial Highlights Compared to the Second Quarter 2019 Because second quarter 2020 financial results were...
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08/03/21
Reduced Total Outstanding Debt by $145 Million
Lowered Interest Rates and Extended Maturities
Achieved Approximately $23 Million in Annual Interest Savings Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology and player loyalty solutions, today announced it successfully completed the refinancing of its outstanding debt, including (i) closing a seven-year $600 million senior secured term loan due 2028 issued at 99.75% of par (the "New Term Loan"); (ii) a $125 million senior secured revolving credit facility due 2026 which was undrawn at closing (the "New Revolver" and together with the New Term Loan, the "New Credit Facilities"); and (iii) the previously announced closing of $400 million in aggregate principal amount of its 5.000% senior unsecured notes due 2029 issued at par (the "New Notes"). The New Credit Facilities have an interest rate of LIBOR plus 2.50%...
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07/20/21
Cashless Funding Capability Powered by Everi's CashClub Wallet® to be Integrated Throughout JACK Thistledown Racino Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions, today announced the launch of JACK Mobile Wallet, a cashless mobile wallet at JACK Entertainment properties powered by Everi's digital CashClub Wallet® technology. Everi and JACK Entertainment have developed a multi-phase implementation strategy for Everi's comprehensive digital wallet solution across JACK Thistledown and JACK Cleveland Casino that will continue to expand functionality of the mobile wallet technology at both properties as each phase obtains Ohio regulatory approval. JACK Thistledown Racino recently installed the first commercial digital wallet implementation in a Northeast Ohio gaming facility, with an anticipated launch at JACK Cleveland Casino to follow, once...
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07/19/21
Flex Fusion Cabinet, CashClub Wallet Among Everi Offerings at Indian Gaming & Tradeshow Convention Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions will debut the newest fully-featured banked product Flex Fusion ™ with original game themes alongside the company's latest FinTech innovations at the 2021 Indian Gaming Tradeshow & Convention. Fortune Garden® serves as the launch series on the Flex Fusion, including both Fortune Garden Gold and Fortune Garden Pearl – classic, Asian-style games that offer an incredible 576 ways to win and player-selectable denoms. The company will also showcase the high-energy tornadic-themed series Cashnado™, as well as MonsterVerse™ on the Empire DCX ™ premium cabinet, featuring Kong and Godzilla in earth-shattering 4K game play. Everi will tell patrons "Let's Go!" to Booth #1041, as the company returns to...
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07/15/21
Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology and player loyalty solutions, today announced the successful closing of the previously announced offering of $400 million in aggregate principal amount of its 5.000% senior unsecured notes due 2029 issued at par (the "New Notes"). The New Notes are guaranteed by certain of the Company's wholly-owned subsidiaries. The Company intends to use a portion of the proceeds from the New Notes to (i) redeem in full its 7.50% Senior Unsecured Notes due 2025 (the "2025 Notes") and (ii) pay all related fees and expenses. Upon consummation of the closing of the Company's previously announced anticipated new credit facilities in August 2021, the Company intends to use the remaining proceeds from the New Notes, together with proceeds of such anticipated new credit facilities and cash on hand, to (i) repay all borrowings outstanding under,...
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07/15/21
Everi Holdings Inc. (NYSE:EVRI) announced today that it will release its 2021 second quarter results before the market opens on Wednesday, August 4, 2021, and host a conference call and simultaneous webcast at 11:00 a.m. ET / 8:00 a.m. PT that day. The conference call may be accessed live over the phone by dialing (201) 689-8471. A replay will be available beginning at 2:00 p.m. ET that day and may be accessed by dialing (412) 317-6671; the PIN number is 13721158. The replay will be available until August 11, 2021. The call will be webcast live and archived at the Company's website at www.everi.com (select "Investors" followed by "Events & Contact"). About Everi Holdings Everi's mission is to lead the gaming industry through the power of people, imagination and technology. With a focus on player engagement and helping casino customers operate more efficiently, the Company develops entertaining game content and gaming machines, gaming systems, and services for land-based and...
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06/30/21
LAS VEGAS – June 30, 2021 – Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of land-based and digital casino gaming content and products, financial technology and player loyalty solutions, today announced it has successfully priced its previously announced offering of $400 million in aggregate principal amount of senior unsecured notes due 2029 (the “New Notes”) at a rate of 5.000% and an issue price of par. The New Notes will be guaranteed by certain of the Company’s wholly-owned subsidiaries. The Company intends to use a portion of the proceeds from the New Notes to (i) redeem in full its 7.50% Senior Unsecured Notes due 2025 and (ii) pay all related fees and expenses. Upon consummation of the closing of the Company’s previously announced expected new credit facilities in August 2021, the Company intends to use the remaining proceeds from the New Notes, together with...
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06/28/21
LAS VEGAS – JUNE 28, 2021 – Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of land-based and digital casino gaming content and products, financial technology and player loyalty solutions, announced today it intends to offer, subject to market and other conditions, $400.0 million in aggregate principal amount of senior unsecured notes due 2029 (the “Notes”) in a private offering. The Notes will be guaranteed on a senior unsecured basis by the Company and certain of the Company’s direct and indirect domestic subsidiaries. The Company intends to use the proceeds from the Notes to redeem in full its 7.50% Senior Unsecured Notes due 2025 and to pay related fees and expenses and, upon consummation of the credit facility refinancing described below, to repay a portion of the borrowings outstanding under its existing credit facilities. Following the closing of the offering, the Company intends...
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06/21/21
Expects Quarterly Records for: Revenue of $167 Million to $172 Million, Net Income of $31 Million to $34 Million, Adjusted EBITDA of $87 Million to $91 Million, and Free Cash Flow of $32 Million to $36 Million
Announces Refinancing of its Outstanding Total Debt with Anticipated Prepayment of $144.9 Million Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology and player loyalty solutions, today announced that in connection with its plan to take advantage of favorable market conditions to lower its cost of debt and extend maturities through a refinancing of its total outstanding debt, the Company has announced certain expected financial results for the second quarter ending June 30, 2021. The expected record 2021 second quarter results demonstrate meaningful quarterly sequential improvement compared to the 2021 first quarter results as well as substantial growth compared...
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05/20/21
LAS VEGAS, May 20, 2021 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of land-based and digital casino gaming content and products, financial technology, and loyalty solutions, today announced an agreement with Caesars Entertainment, Inc. (NASDAQ: CZR) ("Caesars") to begin a Nevada field trial for Jackpot Xpress®, Everi’s jackpot management system, under guidelines issued by the Nevada Gaming Control Board. The trial will take place at the iconic Las Vegas Strip centerpiece, Caesars Palace.
Upon final approval by the Nevada Gaming Control Board, Caesars will have the option to install Jackpot Xpress at all its Nevada properties. Caesars will also have the option to install Jackpot Xpress at all its owned and managed locations, pending further jurisdictional approvals. Jackpot Xpress is an award-winning, intuitive jackpot and tax forms management solution that enables casino staff to securely and efficiently process slot...
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05/19/21
Nevada “Top Workplaces” Survey Recognizes Everi as an Industry Leader in Team Culture LAS VEGAS, May 19, 2021 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of land-based and digital casino gaming content and products, financial technology, and loyalty solutions, has been honored with a “Top Workplaces 2021” award by The Las Vegas Review-Journal and Las Vegas Business Press.
The list is based solely on employee feedback, gathered through a third-party survey administered by employee engagement technology partner Energage, LLC. The anonymous survey uniquely measures 15 culture drivers that are critical to the success of any organization, such as alignment, execution, and connection. “This award would not be possible without the contributions and feedback from our dedicated Everi team members, as well as the families who support them," said Michael Rumbolz, Everi Chairman and CEO. "We are driven by a culture of collaboration and...
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05/05/21
Record First Quarter Revenue of $139 Million, and All-Time Quarterly Record Net Income of $21 Million, Adjusted EBITDA of $75 Million, and Free Cash Flow of $44 Million LAS VEGAS, May 05, 2021 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of land-based and digital casino gaming content and products, financial technology, and loyalty solutions, today reported record financial results for the first quarter ended March 31, 2021. The 2021 first quarter results are a quarterly sequential improvement from the 2020 fourth quarter, and reflect the ongoing but reduced impact from the COVID-19 pandemic, as well as strong casino patron demand.
First Quarter 2021 Financial Results Highlights Compared to the First Quarter 2019 As the first quarter 2020 financial results reflect the onset of the COVID-19 pandemic, the Company believes a more meaningful comparison for the 2021 first quarter performance is the 2019 first quarter. The 2019...
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04/21/21
LAS VEGAS, April 21, 2021 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE:EVRI) announced today that it will release its 2021 first quarter results after the market closes on Wednesday, May 5, 2021, 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 (631) 891-4304. 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 10014357. The replay will be available until May 12, 2021. The call will be webcast live and archived at the Company’s website at www.everi.com (select “Investors” followed by “Events & Presentations”). About Everi Holdings
Everi’s mission is to be the industry leader by reimagining the gaming experience. Focused on player engagement and assisting our casino customers to operate more efficiently, the Company develops entertaining game content and gaming machines, gaming systems, and services...
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04/19/21
LAS VEGAS, April 19, 2021 (GLOBE NEWSWIRE) - Everi Digital, the online gaming division of Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company), a premier provider of land-based and digital casino gaming content, financial technology and player loyalty solutions, announced a new contract with British Columbia Lottery Commission (“BCLC”). Pursuant to this contract, Everi Digital recently launched its online slot content on BCLC’s PlayNow.com . Everi Digital became the third slot content supplier to provide BCLC with both online and land-based slot games.
With this new agreement, Everi becomes the largest provider of three-reel stepper products to PlayNow.com’s online casino. With Everi’s extensive library of proven, player-popular stepper games, Everi will be able to expand by up to 10 times the amount of stepper content presently available to PlayNow.com players throughout British Columbia. Additionally, Everi will also be providing its latest successful video slot content...
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04/06/21
CEO Michael Rumbolz to Become Chairman Ronald Congemi Named Lead Independent Director LAS VEGAS, April 06, 2021 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of land-based and digital casino gaming content and machines, financial technology, and player loyalty solutions, today announced that E. Miles Kilburn, Chairman of the Board of Directors of Everi, has informed the Company he will retire from the Board of Directors (the "Board") and will not stand for reelection at the Company’s 2021 Annual Meeting of Stockholders, which will be held on May 19, 2021, Mr. Kilburn’s last day of service on the Board. The Board has appointed Everi Chief Executive Officer, Michael D. Rumbolz, to become Chairman upon Mr. Kilburn’s retirement. The Board also named Ronald V. Congemi, a member of the Board for the last eight years, as Lead Independent Director, effective immediately. The Board intends to review the opportunity to fill the open director...
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04/06/21
Empire Flex® Cabinet, Cash Machine® and Smokin Hot Stuff Wicked Wheel® Games Win Top Honors in their Respective Categories
Everi Named Most Improved Supplier in Core Games Category LAS VEGAS, April 06, 2021 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company), a premier provider of land-based and digital casino gaming content and machines, financial technology and player loyalty solutions, announced today the Company and three of its slot products were recognized with Top Honors in four distinct categories at the Third Annual EKG Slot Awards event. Eilers & Krejcik Gaming’s EKG Slot Awards recognize excellence in slot machine game development within the land-based casino gaming industry and interactive gaming sector. Winners are determined through a data-driven process combined with input from a distinguished industry advisory board and official voting from over 100 qualified slot directors from over 300 casinos across the U.S. and Canadian markets...
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03/15/21
LAS VEGAS, March 15, 2021 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of land-based and digital casino gaming products, financial technology and player loyalty solutions, today announced the appointment of Kate C. Lowenhar-Fisher as Executive Vice President, Chief Legal Officer – General Counsel, and Corporate Secretary, effective March 22, 2021, subject to customary regulatory approvals. Ms. Lowenhar-Fisher will have responsibility for the Company’s legal and regulatory compliance affairs and will report to Everi’s Chief Executive Officer, Michael Rumbolz.
Ms. Lowenhar-Fisher brings extensive expertise in the casino gaming industry to Everi, including more than 18 years of corporate legal and regulatory compliance experience on behalf of gaming equipment suppliers and casino operators. She most recently served as an Equity Member in the Las Vegas office of Dickinson Wright PLLC, where she chaired the firm’s Gaming &...
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03/09/21
Fourth Quarter Operating Results Reflect Quarterly Sequential Improvement
Premium Unit Installed Base Grew by 1,318 Units, or 26%, over 2019 Year-end Reflecting an Increase in Every Quarter of 2020, Including a 337-Unit Sequential Increase in the Fourth Quarter Two Casino Customers Went Live with Digital Wallets Powered by CashClub Wallet ® Technology Solutions LAS VEGAS, March 09, 2021 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of land-based and digital casino gaming products, financial technology and loyalty solutions, today reported financial results for the fourth quarter and full year ended December 31, 2020. The 2020 fourth quarter results reflect quarterly sequential improvement from the 2020 third quarter, despite the continued impact from the COVID-19 pandemic and related casino closures. The 2020 fourth quarter actual results are in line with the preliminary 2020 fourth quarter results the Company provided on...
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02/23/21
LAS VEGAS, Feb. 23, 2021 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE:EVRI) announced today that it will release its 2020 fourth quarter and full year results after the market closes on Tuesday, March 9, 2021, 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 (201) 689-8471. 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 13716607. The replay will be available until March 16, 2021. The call will be webcast live and archived at 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 and digital gaming industry. Everi’s mission is to transform the casino floor through innovative gaming and financial technology and loyalty...
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02/02/21
LAS VEGAS, Feb. 02, 2021 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of land-based and digital casino gaming products, financial technology and player loyalty solutions, today announced that it successfully completed the repricing of its $735.5 million First Lien Term Loan under its Credit Agreement as amended February 2, 2021 (the “Credit Agreement”).
Under the amended Credit Agreement, the LIBOR and Base Rate floor components of the interest rate applicable to the First Lien Term Loan were reduced by 25 basis points to 0.75% from 1.00% and to 1.75% from 2.00%, respectively. The LIBOR and Base Rate margins applicable to the First Lien Term Loan remain unchanged at 2.75% and 1.75%, respectively. The amended Credit Agreement includes six months of 101 soft call protection. The maturity of the First Lien Term Loan remains May 9, 2024, and no changes were made to the financial covenants or other debt repayment terms. Jefferies...
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01/26/21
LAS VEGAS, Jan. 26, 2021 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of land-based and digital casino gaming products, financial technology and player loyalty solutions, today announced selected preliminary financial results for the fourth quarter and full year ended December 31, 2020, in connection with an opportunity to take advantage of favorable market conditions to lower its cost of debt by repricing $735.5 million of its First Lien Term Loan due 2024. While the expected results demonstrate sequential improvement, the preliminary 2020 fourth quarter results reflect continued impact from the COVID-19 pandemic and related casino closures.
The Company expects 2020 fourth quarter consolidated revenues to be in a range of approximately $117 million to $121 million reflecting quarterly sequential improvement from $112.1 million in the 2020 third quarter. Revenues were $145.2 million in the 2019 fourth quarter. The Company...
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01/22/21
Offers Popular Stepper and Video Slot Games to Michigan Online Players
LAS VEGAS, Jan. 22, 2021 (GLOBE NEWSWIRE) - Everi Digital, the online gaming division of Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of land-based and digital casino gaming products, financial technology and player loyalty solutions, is now delivering its iGaming content in the state of Michigan through multiple online casino operators via its proprietary Remote Game Server (RGS). Everi is partnering with multiple providers to offer a wide variety of its top performing games, including Atomic Meltdown™, Cash Machine™, Double Ruby™, Triple Threat™, Smokin 777™ and many more. “Everi is excited to now offer in Michigan our high-performing game content that is popular with players in land-based casinos and has become a proven performer with our other iGaming partner-operators,” said David Lucchese, Executive Vice President of Sales, Marketing, and Digital for Everi. “Online...
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01/14/21
LAS VEGAS, Jan. 14, 2021 (GLOBE NEWSWIRE) - Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), the casino gaming industry’s single source provider of gaming products, financial technology and loyalty solutions, announced today that David Lucchese, its Executive Vice President of Sales, Marketing and Digital, has been appointed President of AGEM (Association of Gaming Equipment Manufacturers). Mr. Lucchese’s two-year term began January 12, 2021.
“AGEM is very pleased to welcome David Lucchese as our President for the next two years,” said Marcus Prater, Executive Director of AGEM. “His vast experience and deep understanding of the issues facing gaming suppliers will serve him well as we navigate a difficult path brought on by the pandemic. We will forge ahead under his leadership and the overall gaming industry will emerge from this in a better position by working together to promote a spirit of cooperation championed by Dave, the AGEM Officers, and our member...
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