Everi Holdings Inc - EVRI STOCK NEWS

Everi Holdings Inc. (NYSE: EVRI) announced the construction of a new facility in Las Vegas intended to consolidate its production and distribution operations currently split between Las Vegas and Austin, TX. This 182,500-square foot facility, set to be completed by October 2023, will enhance operational efficiencies in manufacturing gaming machines and FinTech products. The transition will incur approximately $4.5 million in expenses. The facility will emphasize environmental sustainability, aiming for a 3 Green Globes rating, and is designed to support employee wellness. 35 employees affected by the transition will have relocation options.

Everi Payments Inc., a subsidiary of Everi Holdings (NYSE: EVRI), has achieved SOC 2 Type 1 audit certification, demonstrating effective controls over the security and data privacy of its FinTech and loyalty platforms. This certification, crucial for customer assurance, evaluates five trust principles: security, availability, processing integrity, confidentiality, and privacy. CEO Randy Taylor emphasized this milestone reflects Everi's commitment to security. The certification ensures robust protection against unauthorized access, enhancing trust among casino operators. Customers can request a copy of the audit certification.

Everi Holdings Inc. (NYSE: EVRI) has announced a strategic partnership with 1839 Labs to enhance fan engagement and operational efficiency at sporting venues. This collaboration will start with the Balaton Gate Motor Speedway in Hungary, a new FIA-grade racetrack scheduled to open this Spring. The aim is to deploy Everi’s Venuetize platform for mobile-first fan experiences, targeting growth in motorsports markets like Formula 1 and MotoGP. Executives from both companies emphasize the potential for new revenue streams and improved guest interactions through innovative mobile technology and IoT applications.

Everi Digital has partnered with Caesars Sportsbook & Casino to provide its acclaimed online gaming content for real-money gaming operations. This collaboration will utilize Everi's Spark™ Remote Game Server, featuring nearly 70 engaging titles, including popular games like Triple Jackpot Gems®. Everi aims to expand its reach across North America, integrating its content into over 80 online casinos. This agreement underscores Everi Digital's position as a leading supplier in the iGaming sector, promising enhanced gaming experiences for players. The partnership is expected to benefit both companies by leveraging Everi's innovative gaming solutions.

Everi Holdings Inc. (NYSE:EVRI) will release its 2022 fourth quarter and full year results before the market opens on March 1, 2023. The company will host a conference call and webcast at 11:00 a.m. ET that same day. Investors can access the call by dialing (201) 689-8471 and a replay will be available after 2:00 p.m. ET until March 8, 2023. The webcast can be found on www.everi.com under “Investors” and “Events & Contact.” Everi is a leading provider of gaming technology solutions and financial technologies in the casino industry.

Everi Holdings Inc. (NYSE: EVRI) announced on January 10, 2023, that it has been selected by the British Columbia Lottery Corporation (BCLC) to supply its Anti-Money Laundering (AML) compliance solution. This agreement enhances their existing partnership and allows Everi to support BCLC's gaming operations across British Columbia. The Everi Compliance solution is deployed in over 600 gaming properties and is recognized as a leading AML software in the gaming sector. This collaboration is aimed at ensuring high compliance standards amidst BCLC's expansion in casino and online gaming.

Everi Holdings Inc. reported a record-breaking third-quarter revenue of $204.3 million, up 21% from $168.3 million in 2021. Net income surged 339% to $29.4 million, or $0.30 per diluted share. Recurring revenues rose 9% to $143.6 million, while non-recurring revenues increased 64% to $60.7 million. Free Cash Flow was $43.9 million, down from $56.3 million due to shifts in interest payment timing. The company narrowed its 2022 guidance for net income, Adjusted EBITDA, and Free Cash Flow, signaling steady operational performance going forward.

Everi Holdings Inc. (NYSE:EVRI) has announced it will release its 2022 third quarter results on November 8, 2022, before market opening. A conference call and webcast will be held at 11:00 a.m. ET on the same day. Investors can access the call by dialing (201) 689-8471, with a replay available until November 15, 2022.

Everi focuses on the gaming industry, providing innovative technology and financial solutions to enhance operational efficiencies and regulatory compliance.