Everi Holdings Inc - EVRI STOCK NEWS

Everi Holdings announced it will release its 2021 second quarter results on August 4, 2021, before market opens. A conference call will take place at 11:00 a.m. ET that day, accessible via phone at (201) 689-8471. A replay will be available post-call until August 11, 2021, through (412) 317-6671 using PIN 13721158. The call will also be webcast live and archived on the company’s website. Everi focuses on enhancing player engagement and offers gaming systems and financial technology solutions for both land-based and iGaming operators.

Everi Holdings Inc. (NYSE: EVRI) has successfully priced $400 million in senior unsecured notes due 2029 at a 5.000% interest rate. The firm plans to use part of the proceeds to redeem its existing 7.50% Senior Unsecured Notes due 2025 and cover related expenses. Following the closure of new credit facilities in August 2021, additional funds will be allocated to repay existing borrowings and settle other fees. The offering is anticipated to close on July 15, 2021, subject to standard conditions.

Everi Holdings Inc. (NYSE: EVRI) announced its intention to offer $400 million in senior unsecured notes due 2029. The proceeds will be utilized to fully redeem its 7.50% Senior Unsecured Notes due 2025 and to repay a portion of existing debt. Following the offering, Everi plans to enter new credit facilities to further address outstanding borrowings. The private offering targets qualified institutional buyers under Rule 144A and is not contingent on the refinancing of existing credit facilities.

Everi Holdings Inc. (NYSE: EVRI) announced plans to refinance its outstanding $1.1 billion debt, lowering costs and extending maturities. Expected second-quarter 2021 revenues are projected between $167 million and $172 million, a 25% increase year-over-year, with net income estimated at $31 million to $34 million. Free Cash Flow is expected to be $32 million to $36 million. The company's cash position improved to $360.8 million as of May 31, 2021. Everi's growth in gaming and fintech segments underscores a strong recovery from pandemic impacts.

Everi Holdings (EVRI) has launched its MonsterVerse™ wide-area progressive game at San Manuel Casino in Southern California. The game, featuring 4K graphics of iconic characters like Kong and Godzilla, is designed to enhance the gaming experience. With features like a 'Monster Bet' option, players can engage with multiple arrays simultaneously. This introduction expands Everi's premium gaming portfolio in a key market, emphasizing their commitment to innovative gaming solutions. The partnership with San Manuel Casino aims to provide attractive returns on investment for customers.

Everi Digital, the online gaming arm of Everi Holdings (NYSE: EVRI), has launched its award-winning gaming content in West Virginia through partnerships with BetMGM, BetRivers.com, and DraftKings. This marks the introduction of Everi's games, including Atomic Meltdown™ and Cash Machine™, to the state, leveraging its proprietary Spark Remote Game Servers. With this expansion, Everi now supports these operators across four states: Michigan, New Jersey, Pennsylvania, and West Virginia. The company aims to enhance player engagement and operational efficiencies in online gaming.

Everi Holdings (NYSE: EVRI) has announced a field trial agreement with Caesars Entertainment for its Jackpot Xpress jackpot management system in Nevada. This trial will take place at Caesars Palace, pending final approval from the Nevada Gaming Control Board. Jackpot Xpress is designed to streamline the jackpot process for casinos using mobile technology, enhancing the player experience and operational efficiency. Upon approval, Caesars may deploy this system across all its Nevada properties, marking a significant step in Everi’s partnership with a major player in the gaming industry.

Everi Holdings reported a record first quarter revenue of $139.1 million, an increase from $123.8 million in 2019. Net income surged to $20.5 million or $0.21 per diluted share compared to $5.9 million in the same quarter of 2019. Adjusted EBITDA rose to $75.4 million, marking a significant improvement from prior years. The company credits strong demand in both Games and FinTech segments for the growth. Everi expects to exceed its 2019 full-year results in 2021, indicating optimism despite ongoing impacts from the pandemic.