05/31/23
Everi Holdings Inc. (NYSE: EVRI) and its subsidiaries ("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 the Muscogee Creek Mobile App at all nine Muscogee (Creek) Nation Casinos in Oklahoma. Designed for optimized player engagement, the Everi Mobile App ("Everi Mobile") gives casino guests the power of self service and features the operator's branding. Core functions of Everi Mobile include tie-ins to Everi's CashClub Wallet ® for cashless gaming, extensions of the operator's loyalty program, property content management tools, and marketing opportunities. Phase one of the Muscogee Creek Mobile App rollout includes three main modules, offering opportunities for additional player engagement, mobile marketing, and pushing property content. To further engage Muscogee (Creek) Nation players, the Muscogee Creek Mobile App technology extends loyalty...
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05/10/23
Board Authorized New and Expanded $180 million, 18-month Share Repurchase Program, Representing 13.5% of Current Market Capitalization Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), today announced results for the first quarter ended March 31, 2023. First Quarter 2023 and Recent Highlights Revenues increased 14% to $200.5 million from $175.6 million a year ago FinTech segment revenues grew 20% to $93.1 million, reflecting a 35% increase in software and other revenues, a 34% increase in hardware revenues, and a 13% rise in financial access revenues Games segment revenues rose 9% to $107.4 million, reflecting a 15% increase in equipment sales revenues and a 7% rise in gaming operations revenues Recurring revenues grew 11% to $148.9 million and represented 74% of total revenues; non-recurring revenues rose 25% to $51.6 million Operating income of $52.0 million was essentially flat; net income decreased 11% to $28.1 million, or $0.30 per diluted share, compared to $31.5...
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05/08/23
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 Company has been recognized by the Las Vegas Review-Journal and Las Vegas Business Press with a 2023 Nevada Top Workplaces ® award. This is the third year in a row Everi has received this recognition, and the Company has received 21 Top Workplaces honors in total over the past three years. Everi also earned four "Culture Excellence" awards from Top Workplaces this year – for Innovation, Work-Life Flexibility, Compensation and Benefits, and Leadership – and, in March, was named to the "Top Workplaces USA" list for the second consecutive year. "We have worked diligently to create a positive company culture with shared values across multiple office locations and with our talented team of remote employees in Nevada, so we are thrilled to be recognized once again by Top...
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04/18/23
Everi Holdings Inc. (NYSE:EVRI) announced today that it will release its 2023 first quarter results before the market opens on Wednesday, May 10, 2023, 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 13737378. The replay will be available until May 17, 2023. 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. As one of the largest suppliers of technology solutions for the casino floor that also has an expanding focus in adjacent industries, our commitment is to continually develop products and services that provide gaming...
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04/11/23
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 has entered into a purchase agreement to acquire certain assets of VKGS LLC ("Video King"), a privately-owned leading provider of integrated electronic bingo gaming tablets, video gaming content, instant win games, and systems for cash consideration of approximately $59 million to be paid at closing, subject to customary net working capital adjustments. Everi expects to complete the transaction within 60 days, subject to customary closing conditions. The acquisition, which will include the majority of Video King's assets, will be funded from existing cash on hand and is expected upon closing to be immediately additive to the Company's Adjusted EBITDA and Free Cash Flow. The acquisition is expected to provide Everi with complementary assets and an established customer base...
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04/05/23
Everi Holdings Inc.'s (NYSE: EVRI) ("Everi" or "the Company") leading mobile technology and advanced e-commerce platform for the sports, hospitality, and entertainment industries, the Venuetize mobile app ("Venuetize"), today announced it has launched Phase Two of the Churchill Downs Racetrack mobile experience, which now showcases the unique features of the iconic brands, the Kentucky Derby and Churchill Downs Racetrack – the world's most legendary racetrack. Churchill Downs Racetrack is owned and operated by Churchill Downs Incorporated (NASDAQ: CHDN). While the app's main infrastructure is shared, the 2-in-1 approach to the mobile experience allows each brand to have its own user interface and content feeds. The Kentucky Derby mode engages fans in the live Derby event, features highlights of Derby Week, and allows fans to access their tickets. Additional features include event maps and push notification alerts for all Derby Week guests. Previously introduced in September, the...
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04/03/23
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 first installation of the company's new Dynasty Vue™ cabinet at Yaamava' Resort & Casino at San Manuel in Highland, Calif. The stunning Dynasty Vue is Everi's first form factor in its new Dynasty family of game cabinets. Dynasty Vue provides sightlines comparable to a dual-screen cabinet but features a custom display that enables Everi's designers to create game mechanics players would typically experience on a portrait cabinet, all with the functionality and integrated base of a slant top. This innovative form factor features a uniquely shaped main game display and an integrated 27-inch top box with distinctive dual-banded lighting integrated with gameplay for maximum attract value. This first deployment of Dynasty Vue showcases the Combo Cash™ Series , featuring two...
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03/23/23
Everi Holdings Inc. (NYSE: EVRI) and its affiliates ("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 Vi ™ a revolutionary, all-in-one, on-property mobile gaming solution, at the Indian Gaming Tradeshow and Convention ("IGA") 2023 (booth #1841), March 27-30 at the San Diego Convention Center. The new Vi mobile technology combines Everi Digital games, CashClub Wallet®, and the Company's Mobile technology to extend the gaming experience for players beyond the casino floor, within the allowable gaming footprint. Vi offers popular Everi and third-party game titles on players' own mobile devices. Players can easily register on their mobile device, at a kiosk, or in person at a service desk, and begin playing in any approved areas on property with the use of geolocation technology. Featuring Everi's Player Account Management (PAM) system, Vi seamlessly integrates into...
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03/21/23
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 its subsidiary, Everi Games Inc., will highlight the Dynasty Vue™ cabinet – the Company's first form factor in its new Dynasty family of game cabinets – as well as more than 20 new original and six licensed themes at the Indian Gaming Tradeshow and Convention ("IGA") 2023 (booth #1841), March 27-30 at the San Diego Convention Center. The stunning Dynasty Vue provides sightlines comparable to a dual-screen cabinet but features a custom display that enables Everi's designers to create game mechanics players would typically experience on a portrait cabinet, all with the functionality and integrated base of a slant top cabinet. This innovative form factor features a uniquely shaped main game display and an integrated 27-inch top box with distinctive dual-banded lighting integrated...
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03/09/23
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 Company has been named to the "Top Workplaces USA 2023" list following a recent independent employee engagement survey conducted by Energage. Everi has now received 16 Top Workplaces honors over the past three years, with this representing the second time the Company has earned national recognition. In 2022 alone, Everi was named to both the Nevada Top Workplaces and the Greater Austin Top Workplaces list, while the Company's India offices received an annual certification as a Great Place to Work® from the Great Place to Work Institute in India. "We are honored to be recognized again for our success in creating a positive company culture that is valued by our team members spread across numerous locations nationwide," said Randy Taylor, Everi President and CEO. "In...
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03/08/23
Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company") announced today that the Company's Board of Directors (the "Board") has appointed Debra Nutton to the Board with a start date of April 1, 2023. Ms. Nutton, whom the Board has determined satisfies the criteria as an independent director for the purposes of New York Stock Exchange rules, was also appointed to serve as a member of the Board's Audit Committee, Nominating and Governance Committee, and Compensation Committee. Her appointment fills a vacancy on the Board, which is now composed of nine members. Ms. Nutton is currently an Executive Coach and Gaming Consultant. Her extensive experience in the gaming industry spans over four decades. She served as Executive Vice President of Casino Operations for Wynn Las Vegas from 2013 until 2018, at which time she consulted during the pre-opening of Wynn's new property, Encore Boston Harbor. After its successful opening in 2019, she then became an advisor to the pre-opening team at...
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03/02/23
Exacta Systems is proud to announce the launch of Everi's first Historical Horse Racing (HHR) games at Boston Billiards Club & Casino in Nashua, New Hampshire. The featured games from Everi Holdings Inc. (NYSE:EVRI) ("Everi") include player-popular Patriot Extra Spin®, Triple Jackpot Gems Deluxe ®, Wild Gems Extra Spin®, and Blazin' Gems Deluxe ® , which are available now on Exacta Connect™. "Exacta Systems is excited to launch Everi's first HHR games on our Exacta Connect system with Boston Billiards Nashua," said Ross O'Hanley, chief revenue officer for Exacta Systems. "These games represent the first step in our partnership with Everi, which will be followed by a wide range of content from Everi's dynamic library of award-winning games." "Everi's agreement with Exacta has allowed us to enter the HHR market very quickly, where we can offer our distinctive cabinets and popular game content to a new audience of gaming players," said Dean Ehrlich, executive vice president &...
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03/01/23
Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company") today announced results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter 2022 Highlights Revenues increased 14% to $205.4 million from $180.4 million a year ago. FinTech segment revenues grew 23% to $92.2 million, reflecting a 102% increase in hardware revenues, an 18% increase in software and other revenues, and a 10% rise in financial access revenues. Games segment revenues rose 7%, reflecting a 12% increase in unit sales revenue and a 5% rise in gaming operations revenues. Recurring revenues grew 9% to $142.9 million and represented 70% of total revenues; non-recurring revenues rose 28% to $62.5 million. Operating income increased 8%, while net income decreased to $27.0 million, or $0.28 per diluted share, compared to $89.4 million, or $0.88 per diluted share, in the 2021 fourth quarter. The prior-year period included a $63.5 million, or $0.62 per share, non-cash tax benefit related to the...
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02/28/23
MGM Resorts International and BetMGM , a leading sports betting and iGaming operator, have launched MGM Riches , the companies' first custom slot experience that can be played both online via BetMGM and as a traditional slot game at MGM Resorts properties throughout the U.S. Developed in collaboration with Everi Holdings, Inc. (NYSE: EVRI), MGM Riches is a multi-denomination, multi-level progressive slot game offering players two themes – 'MGM Riches Triple Ruby' and 'MGM Riches 5x Sapphire.' Gameplay is consistent whether in-person at 15 MGM Resorts destinations across the country or online via BetMGM's iCasino platform in Michigan, New Jersey and Pennsylvania. The game is scheduled to launch in West Virginia in the near future. "MGM Riches is designed to engage and entertain our slot customers wherever they choose to play," said Mike Gatten, MGM Resorts International's Senior Vice President of Slot Strategy. "With guest experience at the core of what we do, we created this custom...
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02/28/23
Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company") announced today that it has begun construction of a new facility that upon completion will consolidate the manufacturing, assembly and distribution of its gaming machines currently done in Austin, TX with its self-service fully integrated cash access kiosks, loyalty kiosks and other FinTech products currently assembled in Las Vegas. The new Las Vegas facility, which will adhere to high levels of environmental and sustainable stewardship during construction and operation, is expected to streamline production and simplify supply chain processes and the distribution of completed products to customers. The Company currently expects it will record approximately $4.5 million of expense in 2023 related to planned closure and exit costs, relocation, employee retention, and other associated costs for transition of production to the new facility. The new 182,500-square foot leased facility is located in Las Vegas, the epicenter of the...
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02/23/23
Everi Payments Inc., the wholly owned subsidiary and FinTech business 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 the Company successfully completed a System and Organization Control ("SOC") 2 Type 1 audit examination for maintaining effective controls over the security, availability, processing integrity, confidentiality and data privacy of its FinTech, Loyalty, and Digital iGaming platforms. The SOC 2 is an auditing standard developed by the American Institute of Certified Public Accountants (AICPA), designed to meet the needs of existing or potential customers who need assurance about the effectiveness of controls used by hospitality customers to process customer information. SOC 2 defines criteria for managing customer data based upon five trust principles: security, availability, processing integrity,...
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02/21/23
Venuetize, Everi Holdings Inc.'s (NYSE: EVRI) ("Everi" or "the Company") leading mobile technology and advanced e-commerce platform for the sports, hospitality, and entertainment industries, today announced it has entered into a strategic agreement with 1839 Labs pursuant to which the companies will integrate their respective solutions to elevate the experience of fans, spectators, and guests within sporting and other mixed-use venues around the globe. The long-term engagement will commence with the initial mobile deployment specific to the Balaton Gate Motor Speedway, opening this Spring, and expand the mobile experience across the property as a resort and additional hospitality projects are completed. The Balaton Gate Motor Speedway is a new, state-of-the-art, FIA grade A racetrack that is Formula 1 and MotoGP compliant, in the heart of the Lake Balaton region of Hungary, less than one hour from Budapest. "This strategic agreement with 1839 Labs represents an important opportunity...
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02/15/23
Everi Digital, the online gaming business of Everi Holdings Inc. (NYSE:EVRI) (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 entered into an agreement with Caesars Sportsbook & Casino to provide its award-winning online gaming content for the operator's real-money online gaming operations. All content will be delivered via Everi's proprietary Spark ™ Remote Game Server ("Spark RGS"), which houses the Company's Digital's iGaming catalog. High-performing titles, such as Triple Jackpot Gems®, Crystal Star®, and Black Diamond®, are among the nearly 70 engaging themes available via Spark RGS . Everi has continually updated its server-based gaming solution, particularly to support a growing library of progressive game content that has proven to be popular with both land-based and iGaming players. Soon-to-be-released digital titles include Gold Standard Jackpots®,...
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02/08/23
Everi Holdings Inc. (NYSE:EVRI) announced today that it will release its 2022 fourth quarter and full year results before the market opens on Wednesday, March 1, 2023, 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 13735707. The replay will be available until March 8, 2023. 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. As one of the largest suppliers of technology solutions for the casino floor that also has an expanding focus in adjacent industries, our commitment is to continually develop products and services...
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01/10/23
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 was selected by the British Columbia Lottery Corporation ("BCLC") to provide its Everi Compliance Anti-Money Laundering ("AML") solution in support of BCLC's gaming and online operations. With deployment in over 600 gaming properties, Everi Compliance is the most widely used and sophisticated AML software available for the gaming industry. The Company will support BCLC as it conducts and manages lottery, casino, bingo, and online gaming on behalf of the province for the benefit of British Columbians. "Everi is committed to adapting to customer needs as the industry changes and creates exciting new opportunities," said Darren Simmons, EVP and FinTech Business Leader for Everi. "BCLC has prioritized high levels of compliance as part of the continued expansion of their...
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