Everi Holdings Inc - EVRI STOCK NEWS

Everi Holdings (NYSE: EVRI) announced that its stockholders have overwhelmingly approved the company's acquisition by Apollo Global Management funds. The deal, which includes the simultaneous acquisition of IGT's Gaming & Digital business, received 99.88% approval from voting shares, representing 71.48% of total outstanding shares. Stockholders will receive $14.25 per share in cash. The transaction is expected to close by the end of Q3 2025, subject to closing conditions.

Everi Digital, part of Everi Holdings Inc. (NYSE: EVRI), will showcase new online casino games at the Global Gaming Expo (G2E) 2024. Highlights include:

1. Press Your Luck™: Whammy Wilds - An online version of the popular land-based game, offering a $100,000 jackpot, the largest in Everi's iGaming history.

2. Online versions of Cash Machine Jackpots® and Triple Jackpot Gems Deluxe® - High-performing mechanical titles with multiple progressive jackpot tiers.

3. Off The Hook Good Ol' Fishin' Hole™ - An instant win fishing game.

4. Stellar Bounties™ - An arcade-style celestial-themed game.

Everi Digital's catalog now includes over 100 titles available across North America and Europe, delivered via their proprietary Spark™ Remote Game Server.

Everi Holdings has launched the Vegas Golden Knights (VGK) mobile app, utilizing its Venuetize platform. As the new Official Mobile Application Partner of VGK, Everi's app provides fans with access to tickets, stats, standings, news, and team-specific content. Available on the App Store and soon on Google Play, the app includes features like VGK's streaming service, KnightTime+, T-Mobile Arena maps, a daily word game, and in-app game predictions powered by LiveLike. The app also integrates a marketing platform for push notifications, in-app messages, and mobile offers. Future updates will introduce the Venuetize Wallet eCommerce System for cashless transactions at VGK venues. VGK President Kerry Bubolz praised the partnership with Everi, highlighting the app's comprehensive fan engagement capabilities.

Everi Holdings Inc. (NYSE: EVRI) will showcase over 60 unique game themes and two new cabinets at the 2024 Global Gaming Expo (G2E®). Key new products include:

1. Player Classic Spin™: A for-sale cabinet with a mechanical wheel and exclusive game content.

2. Dynasty Luna™: A premium banked product with a 36-inch square main display and a 49-inch J-shaped display.

3. Diverse standard video content: Over 20 new themes for various cabinets.

4. Premium video content: New games for Dynasty Sol Sync™ and Dynasty Dynamic™ products.

5. Expanded mechanical content: New themes for Player Classic Signature™ and Player Classic Reserve™.

6. TournEvent Everiway™: Now available on Empire Flex™, Dynasty Vue, and Dynasty Sol cabinets.

These products are either available now or expected to be commercially available within six months.

Everi Holdings Inc. (NYSE: EVRI) will showcase its FinTech solutions at the 2024 Global Gaming Expo (G2E®), focusing on convergence and connectivity to enhance patron experiences. Key highlights include:

1. The BeOn™ Mobile Services Platform, integrating gamification, loyalty, payments, and data insights.

2. RegTech solutions like Entegrity™, an advanced AML Compliance Platform.

3. Vi™, an on-property mobile gaming solution for Tribal operators.

4. CashClub Wallet® for cashless gaming and integration with Crane Payment Innovations' Betbridge™.

5. PitXpress™ for modernizing table-game management.

6. QuikDraw™ marketing technology for promotional drawings.

These innovations aim to provide secure, mobile-first self-service capabilities throughout the patron journey, improving operational efficiencies and engagement opportunities.

IGT and Everi have announced a significant change to their previously announced merger plans. Instead, both IGT's Gaming & Digital business (IGT Gaming) and Everi will be simultaneously acquired by Apollo Global Management in an all-cash transaction valued at approximately $6.3 billion. Under the new agreement:

- Everi stockholders will receive $14.25 per share in cash, a 56% premium over the July 25, 2024 closing price.
- IGT will receive $4.05 billion in gross cash proceeds for IGT Gaming.
- The transaction is expected to close by the end of Q3 2025, subject to regulatory approvals and Everi stockholder approval.

This deal replaces the previously announced spin-off and merger between IGT Gaming and Everi. Post-closing, IGT will become a pure-play lottery business, while IGT Gaming and Everi will operate as privately owned companies under Apollo's ownership.

Everi Digital, a segment of Everi Holdings, announced the launch of their custom-branded online game, 'Caesars Emperors Gold,' on the upgraded Caesars Palace Online Casino platform. This game is available to players in Michigan, New Jersey, Pennsylvania, West Virginia, and Ontario. The new slot features a five-reel video theme with mystery jackpots and iconic Caesars branding. This launch continues the four-year collaboration between Everi Digital and Caesars Digital, expanding Everi's catalog to over 70 titles across North America and Europe. The game aims to provide unique experiences and progressive jackpot opportunities for online players.

Everi Holdings Inc. (NYSE: EVRI) reported first quarter 2024 results, highlighting progress towards a merger with IGT's Global Gaming and PlayDigital businesses. Despite revenue declines, the company expects growth opportunities post-merger. The games segment is transitioning to new cabinets, impacting revenues. FinTech business saw growth in financial access and software revenue categories but a decline in hardware sales. Investments in new products are expected to drive revenue growth in the second half of 2024.

Everi Holdings Inc. terminated its stock repurchase program, which authorized the repurchase of $180 million worth of common stock. The company repurchased 7.5 million shares at an average price of $13.40 per share before terminating the program. Additionally, Everi implemented a mandatory sell-to-cover policy for tax withholding obligations related to the settlement of RSUs and PSUs, as part of preparing for a Special Dividend. This policy requires Section 16 officers to file Form 4 for the sale of a portion of their company stock to cover tax withholdings.