Everi Holdings Inc - EVRI STOCK NEWS

Everi Digital, part of Everi Holdings, has secured a new contract with the British Columbia Lottery Commission (BCLC) to offer its online slot content on PlayNow.com, making it the third supplier to provide games. This agreement enables Everi to expand its three-reel stepper offerings significantly, increasing available content by up to 10 times. Additionally, Everi will supply its successful video slots, enhancing its digital gaming footprint and catering to a growing online audience in British Columbia.

Everi Holdings Inc. has announced leadership changes with CEO Michael D. Rumbolz set to become Chairman of the Board following the retirement of E. Miles Kilburn. Kilburn has served as Chairman since 2008 and will step down at the 2021 Annual Meeting on May 19. Alongside Rumbolz's appointment, Ronald V. Congemi has been named Lead Independent Director. The Board aims to fill the vacancy with a director who enhances diversity while maintaining strong corporate governance and leadership succession planning, crucial for Everi's growth in the gaming industry.

Everi Holdings Inc. (NYSE: EVRI) has achieved significant recognition at the EKG Slot Awards, winning four top honors, an improvement from three last year. The awards highlight Everi's Empire Flex® cabinet as the Top Performing New Cabinet and its Cash Machine® game as the Top Performing Core Mechanical Reel Game, marking its second consecutive win. Additionally, Everi's Smokin Hot Stuff Wicked Wheel® was named Top Performing 3rd Party IP Branded Game. The company was also recognized as the Most Improved Supplier in the Core category, reflecting a commitment to innovation and player engagement.

Everi Holdings Inc. (NYSE: EVRI) announced the appointment of Kate C. Lowenhar-Fisher as Executive Vice President, Chief Legal Officer – General Counsel, effective March 22, 2021. She brings over 18 years of legal experience in the casino gaming industry, previously serving at Dickinson Wright PLLC. Her expertise will enhance Everi's legal and regulatory compliance, crucial for the company's growth and expansion. CEO Michael Rumbolz expressed confidence that Lowenhar-Fisher's background will be an asset amid Everi's ongoing evolution in the gaming sector.

Everi Holdings reported its fourth-quarter results for 2020, showing sequential improvements despite the COVID-19 pandemic. Revenues increased to $119.6 million from $112.1 million in Q3 2020, but down from $145.2 million in Q4 2019. The company achieved a net income of $1.1 million, up from a loss of $0.9 million in Q3. Adjusted EBITDA rose to $61.2 million. The installed base of premium gaming units grew by 26% year-over-year, reaching 6,478 units. Key developments included the launch of CashClub Wallet technology with two casino operators.

Everi Holdings (NYSE:EVRI) will release its 2020 fourth quarter and full year results on March 9, 2021, after market close. A conference call will take place at 5:00 p.m. ET that day, accessible via phone at (201) 689-8471. A replay will be available from 8:00 p.m. ET, with access via (412) 317-6671 using PIN 13716607, until March 16, 2021. Everi is a leading supplier of innovative gaming and financial technology solutions, aimed at transforming casino experiences and enhancing operational efficiencies.

Everi Holdings (NYSE: EVRI) has announced preliminary financial results for Q4 and the full year ended December 31, 2020. Despite ongoing challenges from COVID-19, Q4 revenues are expected to range between $117 million to $121 million, up from $112.1 million in Q3, but down from $145.2 million in Q4 2019. The company anticipates a net loss between $1.4 million and $0.3 million, with Adjusted EBITDA projected at $60 million to $62 million. Full-year revenue is anticipated between $381 million and $385 million, reflecting a significant decline compared to $533.2 million in 2019. Everi plans to leverage market conditions to reprice a $735.5 million First Lien Term Loan.

Everi Digital is expanding its presence in Michigan by offering popular online stepper and video slot games through various casino operators via its proprietary Remote Game Server. Their game lineup includes titles like Atomic Meltdown™, Cash Machine™, and Double Ruby™. David Lucchese, Executive VP of Sales, expressed enthusiasm about this venture, highlighting its alignment with the growing online player community. Everi’s mission focuses on innovative gaming solutions and enhancing player experiences.

Everi Holdings (NYSE: EVRI) announced that David Lucchese has been appointed President of the Association of Gaming Equipment Manufacturers (AGEM), effective January 12, 2021. Lucchese, the Executive Vice President of Sales, Marketing and Digital at Everi, will serve a two-year term. AGEM's Executive Director, Marcus Prater, praised Lucchese's experience in addressing the challenges faced by gaming suppliers due to the pandemic. Lucchese expressed his commitment to enhancing collaboration among AGEM members on key industry issues, including regulatory and political matters.