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 (EVRI) reported a record first-quarter revenue of $175.6 million, up 26% from the previous year, with net income rising 54% to $31.5 million. The company achieved record recurring revenue of $134.4 million, propelled by robust demand in gaming and FinTech segments. Adjusted EBITDA also hit a record $89.6 million. Everi's Board authorized a $150 million share repurchase program, reflecting confidence in stock value. The outlook remains positive with expectations for sustained growth throughout 2022 amidst a dynamic market environment.
Everi Holdings Inc. (NYSE: EVRI) has announced its acquisition of Intuicode Gaming Corporation, a game development firm specializing in Historical Horse Racing (HHR) games. The acquisition, valued between $22 million and $27 million, includes an initial payment of $12.5 million and further payments based on future revenue. Intuicode generated over $10 million in revenue in 2021, providing Everi with crucial expertise to enhance its entry into the expanding HHR market.
Everi Holdings Inc. (EVRI) will showcase its latest gaming products and financial technology solutions at the 2022 Indian Gaming Tradeshow & Convention in Anaheim, California, on April 21-22. Key highlights include the new Player Classic Signature cabinet with seven themes, over 10 innovative themes for the Empire Flex cabinet, and advancements in their 'Digital Neighborhood' FinTech suite. The company aims to enhance the gaming experience and operational efficiency for tribal operators, demonstrating its commitment to the Native American gaming sector.
Everi Holdings is set to release its 2022 first quarter results on May 10, 2022, before the market opens. A conference call is scheduled for 11:00 a.m. ET, which can be accessed by calling (201) 689-8471. The replay of the call will be available from 2:00 p.m. ET on the same day until May 17, 2022. The call will also be available via webcast on the company's website. Everi focuses on providing gaming solutions and financial technology to enhance casino operations.
Everi Holdings (NYSE: EVRI) has acquired strategic assets from XUVI, LLC, enhancing its loyalty technology capabilities. The acquisition, funded by existing cash, includes XUVI's BEAMSTUDIO marketing platform, which leverages data analytics and AI to optimize customer engagement and marketing efforts. This technology aims to improve operational efficiency and targeted campaigns for casinos. Everi's Executive VP states that this move will strengthen their loyalty solutions and drive revenue growth, positioning them as a comprehensive provider in the gaming industry.
Everi Holdings (NYSE:EVRI) has partnered with Scarlet Pearl Casino Resort to launch B4U Financial's crypto liquidity solution, allowing casino patrons to convert digital currencies into cash. This service enhances financial access at the casino, enabling real-time cash disbursement tracking and greater operational efficiency with Everi's monitoring tools. The collaboration aims to improve patron experiences, showcasing Everi's commitment to integrating advanced technologies into their offerings.
Everi Digital, a subsidiary of Everi Holdings (NYSE:EVRI), has received a supplier license from the Alcohol and Gaming Commission of Ontario, allowing it to expand its online gaming content to multiple operators in Ontario's newly regulated iGaming market. This follows its previous expansion into Connecticut, Michigan, New Jersey, Pennsylvania, and more. Everi's Spark™ Remote Game Server now supports over 50 game titles, including popular games like Cash Machine® and El Dorado The Lost City®. The company aims to strengthen its presence in North America's online gambling sector.
Everi Holdings Inc. (NYSE: EVRI) announced its partnership with the U.S. Army by joining the Army's Partnership for Youth Success (PaYS) Program. This initiative guarantees soldiers an interview and potential employment with Everi after service. Randy Taylor, Everi's President and COO, highlighted the advantage of accessing a disciplined and skilled workforce from the Army. The partnership enhances Everi's recruitment efforts, especially in its technology divisions, while supporting the Army's broader recruitment goals.
Everi Holdings (NYSE: EVRI) has been honored with three awards at the 2022 EKG Slot Awards, including 'Most Improved Supplier – Core' for the third consecutive year. The company's game Black Diamond® was acknowledged as the 'Top Performing Core Mechanical Reel Game,' and Double Black Diamond™ received the 'Top Performing New Mechanical Reel Core Game' award. These awards reflect Everi's commitment to innovative gaming solutions and player engagement, as determined by over 100 slot directors from more than 300 casinos across the U.S. and Canada.
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