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Everi Hldgs Inc - EVRI STOCK NEWS

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Overview of Everi Holdings Inc

Everi Holdings Inc (EVRI) stands as a multifaceted provider of innovative casino gaming and financial technology solutions. With a foundation built on decades of industry expertise, the company was born from the merger of two well-established entities—one specializing in global cash access systems and the other in multimedia gaming solutions. This unique combination has positioned Everi as a transformative force on the casino floor, intensifying its commitment to delivering engaging and secure experiences for both gaming patrons and operator clientele.

Operating across two core segments, Everi Games and Everi FinTech, the company offers a diversified portfolio that spans both traditional and digital realms. In its Games division, Everi delivers state‐of‐the‐art gaming technology products and services. This includes a broad range of gaming machines, slot systems, and leased gaming equipment, each designed to captivate players with engaging themes and interactive gameplay. Industry keywords such as "casino gaming", "financial technology" and "interactive gaming" are integral pillars that define Everi's identity in the market.

Core Business Segments

Everi Games: The gaming segment focuses on developing, manufacturing, and supporting a wide array of gaming products including video slot machines, mechanical cabinets and custom interactive game content. The company’s robust product lineup is tailored to meet the evolving needs of land-based operators, iGaming platforms and bingo venues. By continually refreshing its portfolio with innovative themes and high-quality interfaces, Everi ensures that both new and existing customers have access to engaging entertainment options.

Everi FinTech: Complementing its gaming initiatives, Everi FinTech delivers cutting-edge financial access solutions that address the critical need for seamless and secure cash handling and electronic payment systems on the casino floor. Products in this segment include automated teller machines (ATMs), point-of-sale debit card systems and various financial software platforms designed to improve operational efficiencies and enhance regulatory compliance. These solutions facilitate faster transactions and contribute to improved patron experiences, a key driver for customer loyalty and operational excellence.

Strategic Industry Position and Value Proposition

Everi Holdings Inc has cemented its standing as a comprehensive technology partner in the gaming and entertainment sectors by integrating its dual-area expertise. The company is recognized for:

  • Innovative Product Offerings: By consistently introducing new gaming themes, advanced hardware, and integrated digital solutions, Everi ensures that its clients can offer fresh and captivating experiences on both physical and digital casino platforms.
  • Robust Technical Infrastructure: Its proprietary technology solutions streamline financial transactions and improve the operational efficiency of gaming floors, thereby reducing friction and enhancing overall service quality.
  • Industry Expertise and Transparency: With years of experience in casino operations, Everi leverages deep technical know-how and an operating culture centered on respect and transparency to build trust with both operators and patrons.
  • Integrated Solutions Approach: By providing a seamless blend of gaming content and financial technology, the company uniquely addresses the diverse needs of gaming venues, ensuring enhanced patron engagement and operational efficiency.

The company’s focus on delivering reliable, secure, and efficient gaming and FinTech solutions has driven it to become a critical partner for casinos, iGaming operators and hospitality venues. Its commitment to quality and continuous innovation is evident in its expansive product portfolio and strategic market positioning, with solutions that span from traditional land-based gaming to cutting-edge digital platforms.

Market Dynamics and Competitive Landscape

Everi operates in a competitive environment where technological advancements and evolving consumer preferences dictate market trends. Its strategic focus on both hardware-based gaming systems and digital financial transaction technologies allows the company to balance legacy systems with modern innovations. This dual focus is critical in addressing varied operational needs, ranging from enhancing in-casino experiences to facilitating seamless digital wagering on online platforms.

Key competitive advantages include a broad product offering, a history of dependable service within the gaming industry and a commitment to using advanced technology to solve operational challenges. Competitors must contend with the seamless integration of services and high-quality user interfaces that Everi delivers consistently, thereby setting benchmarks in both areas of gaming and financial technology.

Innovation and Integration of Digital Solutions

In addition to traditional gaming equipment, Everi provides digital solutions that extend the company’s reach into online and mobile ecosystems. This includes custom-branded online games, remote game servers and mobile-first applications that enhance player engagement in the iGaming and bingo markets. By integrating media-rich interactive content with secure transaction systems, Everi ensures a cohesive experience for players across multiple platforms. The company’s digital initiatives are further complemented by its investment in proprietary platforms that enable flexible product deployment and real-time content updates.

Operational Excellence and Customer Focus

Everi’s operational model centers on customized solutions tailored to the unique requirements of each client. Whether through advanced financial technology that speeds up cash access or interactive gaming hardware that attracts players, Everi’s approach is geared toward solving operational challenges and boosting engagement. The company maintains a rigorous focus on quality, regulatory compliance and constant innovation, all of which contribute to a reliable and secure gaming environment.

Owing to a culture that values transparency and respect, Everi has built long-standing relationships with casino operators and gaming venues globally, ensuring that its solutions are aligned with the operator’s goals and customer expectations. The integration of robust security protocols and regulatory safeguards also reinforces the trust that operators place in Everi’s offerings.

Industry-Specific Keywords and Technical Terminology

Early in the description, terms such as "casino gaming", "financial technology" and "interactive gaming" are used deliberately to underscore Everi’s domain expertise. Other technical terms such as "automated teller machines", "point-of-sale systems", "remote game servers" and "mobile-first applications" further illustrate the depth and breadth of Everi’s product portfolio and the technological sophistication of its offerings.

Frequently Asked Questions (FAQs)

Everi Holdings Inc addresses common investor questions with clarity and depth, covering its core business segments, market positioning and product innovations.

News
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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.

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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.

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Everi Holdings Inc. (NYSE: EVRI) has been named to the 'Top Workplaces USA 2024' list for the third consecutive year. The recognition follows an independent employee engagement survey conducted by Energage. Everi also received a Great Place to Work® certification for its India offices. The company's commitment to creating a people-first workplace culture has been acknowledged nationally and regionally, reflecting its dedication to providing an exceptional employee experience.

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Venuetize, a leading mobile technology platform by Everi Holdings Inc., has been chosen by Oak View Group to enhance patron engagement at Co-op Live, the largest indoor arena in the U.K. The Co-op Live app, available on App Store and Google Play, offers ticket management, event information, news feeds, and sponsor opportunities. Integrations with Ticketmaster, Peppered, Airship, EngageRM, and Satisfi Labs provide a seamless and engaging experience for attendees. Future updates will include venue maps and Cisco Captive Portal integration for improved Wi-Fi access.
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Everi Holdings Inc. (EVRI) will report its 2024 first quarter financial results on May 8, 2024, and host a conference call and webcast. The call will be accessible via phone and webcast, with a replay option available. Investors can access the webcast on the company's website.
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Everi Holdings Inc. (EVRI) reported fourth-quarter 2023 revenues of $192.0 million, with a 3% increase in FinTech segment revenues and a decline in Games segment revenues. The company's operating income was $21.5 million, with a net income of $1.9 million. For the full year 2023, revenues increased to $807.8 million, with a 9% rise in FinTech segment revenues. Everi also announced a strategic merger with IGT's Global Gaming and PlayDigital businesses.
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IGT and Everi announce a strategic business combination creating a comprehensive global gaming and fintech enterprise. The deal values the combined businesses at approximately $6.2 billion with IGT shareholders expected to own 54% and Everi stockholders 46% of the new entity. Key benefits include a diverse product portfolio, projected pro forma 2024 revenue of $2.7 billion, and $85 million in cost savings. The transaction is expected to close in late 2024 or early 2025.
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Everi Holdings Inc. (EVRI) will release its 2023 Q4 and full-year results on February 29, 2024, followed by a conference call and webcast. Investors can access the call live or via replay. The webcast will be available on the company's website.
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Everi Holdings Inc. (EVRI) congratulates its Executive Chairman of the Board, Michael Rumbolz, on his election to Chairman of the Board of the American Gaming Association (AGA). Rumbolz's extensive experience in the gaming industry and his previous role as CEO of Everi make him a valuable addition to the AGA. Everi's CEO, Randy Taylor, expresses confidence in Rumbolz's ability to guide the growth of the U.S. gaming industry. Rumbolz himself looks forward to shaping the future of gaming as the AGA's next chair.
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Everi Holdings Inc. (NYSE: EVRI) announced Q3 2023 results, reporting a 1% increase in revenues to $206.6 million. The FinTech segment grew by 4%, while the Games segment declined by 1%. Net income decreased to $26.6 million, and the company repurchased 2.4 million shares for $33.9 million. The CEO highlighted progress in operational and product roadmap execution, new market entries, and strong Free Cash Flow.
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FAQ

What is the current stock price of Everi Hldgs (EVRI)?

The current stock price of Everi Hldgs (EVRI) is $13.71 as of April 1, 2025.

What is the market cap of Everi Hldgs (EVRI)?

The market cap of Everi Hldgs (EVRI) is approximately 1.2B.

What are the core business segments of Everi Holdings Inc?

Everi operates through two primary segments: Everi Games, which offers gaming machines and interactive casino content, and Everi FinTech, which provides financial technology solutions such as automated cash access and payment processing systems.

How does Everi differentiate itself in the competitive gaming industry?

Everi differentiates itself through its integrated approach that blends advanced gaming technology with secure financial systems. Its commitment to innovation, quality, and a transparent operational culture further sets it apart.

What types of products and services does Everi Games offer?

Everi Games provides a range of gaming products including video slot machines, mechanical gaming cabinets, custom interactive game content products, and leased gaming equipment tailored to both land-based and digital platforms.

What kind of financial technology solutions does Everi FinTech provide?

Everi FinTech focuses on financial access solutions that facilitate cashless transactions on the casino floor. This includes advanced ATMs, point-of-sale systems and integrated software platforms designed to streamline payments and regulatory compliance.

How does Everi integrate digital solutions into its offerings?

Beyond hardware-based solutions, Everi integrates digital platforms such as custom-branded online games and mobile applications. Their proprietary technologies ensure secure remote game servers and seamless online wagering experiences.

What role does innovation play in Everi’s strategy?

Innovation is central to Everi's strategy. The company continuously enhances its product portfolio by developing new gaming themes, advanced hardware, and digital solutions that cater to evolving market demands and operator needs.

How does Everi address operational challenges for casino operators?

Everi tackles operational challenges by providing integrated solutions that combine interactive gaming experiences with streamlined financial technology, thereby improving both customer engagement and overall operational efficiency.

What market segments does Everi serve?

Everi serves a wide range of market segments including land-based casinos, iGaming operators, bingo venues, and digital platforms, ensuring broad coverage across the global gaming and entertainment landscape.
Everi Hldgs Inc

NYSE:EVRI

EVRI Rankings

EVRI Stock Data

1.19B
83.42M
3.34%
88.99%
2.59%
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