Welcome to our dedicated page for Everi Holdings news (Ticker: EVRI), a resource for investors and traders seeking the latest updates and insights on Everi Holdings stock.
Everi Holdings Inc. (NYSE: EVRI), founded in 2015 from the merger of Global Cash Access and Multimedia Games, is a leading provider of entertainment and technology solutions for the casino, interactive, and gaming industries. The company's mission is to transform the casino floor experience for both patrons and operators through innovative and creative approaches.
Business Segments:
- Games: Offers gaming technology products including gaming machines, slot machines, leased gaming equipment, and more.
- Financial Technology Solutions (FinTech): Provides financial technology products that facilitate cash access at gaming facilities through ATMs, point of sale debit card purchases, and additional services.
Recent Achievements:
Everi recently announced the strategic merger with IGT's Global Gaming and PlayDigital businesses to create a comprehensive gaming and fintech enterprise. This merger is expected to drive significant long-term value for shareholders, enhance product offerings, and expand the company's global footprint.
Financial Performance:
For the quarter ended December 31, 2023, Everi reported revenues of $192.0 million, with recurring revenues increasing by 3%. Operating income was impacted by higher operating expenses due to recent acquisitions and an impairment charge related to customer relationship assets.
Products and Innovations:
Everi continues to introduce new gaming cabinets supported by innovative game themes, aiming to diversify its portfolio. In the FinTech segment, Everi is expanding its Digital Neighborhood to enhance mobile gaming and wallet solutions, targeting both gaming and non-gaming venues.
Leadership and Vision:
Michael Rumbolz, Everi's Executive Chairman, has recently been elected Chairman of the American Gaming Association, reflecting the company's strong leadership and industry influence. CEO Randy Taylor highlights ongoing investments in R&D and positive feedback for new product introductions as key to driving future growth.
Join Everi on social media for the latest updates and insights:
- Twitter: @everi_inc
- Instagram: everi_inc
- Facebook: EveriHoldingsInc
Everi Holdings (NYSE: EVRI) has partnered with the Seminole Tribe of Florida to launch the WildCard Wallet, a mobile digital wallet solution designed for cashless gaming across Seminole casinos. Powered by Everi’s CashClub™ Wallet, this system allows patrons to fund electronic game play and make purchases at various outlets, promoting a contactless experience. The rollout will commence at Seminole Hard Rock Hotel & Casino Hollywood and expand to other locations by Q1 2021. The initiative aims to enhance security and convenience for guests while supporting responsible gaming.
Everi Holdings (NYSE: EVRI) announces the launch of the WinStar Wallet on December 3, 2020, in collaboration with WinStar World Casino and Resort. This digital wallet integrates Everi’s CashClub Wallet, enabling a cashless and touchless gaming experience. Patrons can deposit, retrieve, and manage their funds conveniently through the mobile app, enhancing their casino experience. WinStar offers over 8,500 electronic games and aims for a secure, digital customer experience, aligning with Everi's mission to innovate in casino gaming technology.
Everi Holdings reported significant improvements in Q3 2020, with revenues rising to $112.1 million from $38.7 million in Q2 2020, though still lower than $134.6 million in Q3 2019. Operating income was $19.7 million, a notable recovery from an operating loss of $52.7 million in Q2 2020. The net loss narrowed to $0.9 million, compared to a $68.5 million loss in Q2. Adjusted EBITDA rose to $59.8 million, while Free Cash Flow improved to $22.8 million. Liquidity remains strong with $235.4 million in cash. The company anticipates fourth-quarter results will be on par with Q3, barring further pandemic setbacks.
Everi Holdings, a leader in casino entertainment and technology, will announce its third quarter results for 2020 after market close on November 2, 2020. A conference call and webcast will take place at 5:00 p.m. ET that day. Investors can join the call by dialing (201) 689-8471, with a replay accessible from 8:00 p.m. ET via (412) 317-6671 until November 9, 2020. Everi provides innovative gaming solutions and financial products to enhance casino operations and player experiences. For further details, visit www.everi.com.
Everi Digital, a division of Everi Holdings (NYSE: EVRI), has expanded its online gaming partnership with Parx Casino, making seven popular stepper titles available to players in New Jersey. This follows a successful launch in Pennsylvania in December 2019. The partnership enables Everi to now offer its games to over 13 online operators in New Jersey, with plans for more titles. Everi's proprietary remote game server (RGS) supports over 30 titles and incorporates analytics and real-time reporting to enhance gaming experiences.
Everi Holdings reported Q2 2020 results, showcasing a revenue decline to $38.7 million, down from $129.7 million a year prior, primarily due to COVID-19 impacts. The company recorded a net loss of $68.5 million, or $0.80 per diluted share, against a net income of $5.5 million in 2019. Adjusted EBITDA fell to $3.3 million from $64.1 million. However, cash reserves improved significantly to $257.4 million. Leadership remains optimistic about returning to positive cash flow by Q3 2020.
Everi Digital, the online gaming division of Everi Holdings (EVRI), has teamed up with ROAR Digital, a joint venture by MGM Resorts and GVC Holdings, to launch three popular three-reel mechanical titles on leading online casinos in New Jersey. Titles include Smokin' 777, Meltdown, and Double Ruby, available now on Borgata Online Casino, BetMGM, and Party Casino. Additionally, Everi will introduce Hot Spot 777, an exclusive title for GVC, in August 2020. This partnership enhances Everi's digital gaming footprint and strengthens ties with MGM and GVC.
Everi Digital, a sector leader in online gaming, has expanded its content delivery to Lotoquebec.com via its Remote Game Server. This partnership, alongside Scientific Games' OpenGaming™ ecosystem, launched with six popular titles like Star Magic™ and Vortex™, available in both French and English. Everi’s Executive VP, David Lucchese, highlighted the significance of this collaboration in extending their gaming reach in Quebec, aiming to engage a growing online player community. The integration of Everi's games is expected to enhance Lotoquebec's online offerings and player engagement.
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