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) will host a live webcast on October 10, 2022, at 2:30 p.m. PT (5:30 p.m. ET) for its investor presentation and product previews at the Global Gaming Expo (G2E). Following the presentation, a Q&A session will be held. The webcast will be archived until October 31, 2022, available on Everi's website.
This presentation will highlight innovative gaming, FinTech, and digital solutions from the recent press releases. For details, visit www.everi.com.
Everi Payments Inc., a subsidiary of Everi Holdings (NYSE: EVRI), has partnered with Prove Identity, Inc. to enhance its digital CashClub Wallet® technology. This collaboration aims to provide customers with more secure and seamless gaming experiences by integrating Prove’s identity verification solutions. The Trust Score™ feature will help identify and mitigate fraud effectively. This partnership aligns with Everi's commitment to modernize the gaming industry by offering integrated digital and physical payment solutions.
Everi Digital, a division of Everi Holdings (NYSE: EVRI), expands its proprietary gaming portfolio to 60 games with new titles showcased at the Global Gaming Expo (G2E) from October 10-13, 2022. Highlights include popular progressive games like Gold Standard Jackpots™ and Double Jackpot Gems®. Everi has risen to the No. 3 omni-channel game supplier according to the Eilers & Krejcik-Fantini Game Performance Report. The company’s Spark Remote Game Server continues to grow in the iGaming market across various U.S. states and Canadian provinces.
Everi Holdings Inc. (NYSE: EVRI) is set to showcase its latest advancements in financial technology and casino loyalty solutions at the Global Gaming Expo (G2E) from October 10-13, 2022, in Las Vegas. The company will highlight its CashClub Wallet®, a leading cashless payment solution, now integrated with Banking as a Service capabilities. Additionally, the enhanced Prelude loyalty kiosk and Trilogy™ platform showcase improvements in customer engagement. Everi aims to position itself as the premier partner for casino operators through its comprehensive suite of integrated solutions.
Sky River Casino has officially opened near Sacramento, California, introducing cutting-edge cashless gaming solutions powered by Everi Holdings and Konami Gaming. This state-of-the-art casino offers a complete cashless gaming experience with 2,000 slot machines, 80 table games, and multiple dining options. The integration of Everi's CashClub Wallet and Konami's SYNKROS systems enhances convenience and player engagement, allowing guests to maximize their entertainment experience while benefiting from real-time loyalty rewards.
Everi Holdings Inc. (NYSE: EVRI) will debut its new Dynasty Vue gaming cabinet and approximately 50 new games at the Global Gaming Expo (G2E) from October 10-13, 2022. The Dynasty Vue features a unique display that enhances player engagement, blending elements from various cabinet types. CEO Randy Taylor emphasized the company's commitment to innovation and the positive impact of new products on casino revenue. Additionally, Everi will host a charity slot tournament on October 12 to donate $16,000 to winning players' charities.
Everi Holdings Inc. (NYSE: EVRI) announced its acquisition of strategic assets from Venuetize, a mobile technology innovator, broadening its market reach beyond the casino gaming industry. This acquisition aims to enhance Everi's player loyalty and mobile engagement capabilities, allowing for new revenue opportunities in sports, entertainment, and hospitality sectors. The transaction, set to close within 30 days, will be funded by existing cash and is expected to bolster Everi's offerings with Venuetize's advanced m-commerce technology integrated into its existing gaming solutions.
Everi Holdings reported a record revenue of $197.2 million for Q2 2022, up 14% from the previous year. The company's net income reached $32.5 million, translating to $0.33 per diluted share. Adjusted EBITDA increased to $94.4 million, while free cash flow rose 26% to $49.5 million. Significant growth was noted in both the Games and FinTech segments, with record sales of 1,957 gaming machines. The company repurchased 2 million shares for $33.3 million, reflecting a strong position in the market.
Everi Holdings Inc. (NYSE:EVRI) will announce its 2022 second quarter results on August 3, 2022, prior to market opening. A conference call is scheduled for 11:00 a.m. ET the same day, with a replay available post-event. The company focuses on enhancing player engagement and operational efficiencies in the gaming industry, providing game content, gaming machines, and financial technology solutions. Everi is committed to delivering innovative technologies that fulfill regulatory compliance for casino operations.
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