Everi Holdings Inc - EVRI STOCK NEWS

Everi Holdings (NYSE:EVRI) will announce its 2021 fourth quarter and full-year financial results before market opening on March 1, 2022. A conference call and webcast will take place at 11:00 a.m. ET. Investors can join by calling (201) 689-8471 with a replay available from 2:00 p.m. ET until March 8, 2022 at (412) 317-6671, using PIN 13727092. Everi develops gaming content and technology solutions that enhance player engagement and operational efficiency for gaming operators worldwide.

Everi Holdings Inc. (NYSE: EVRI) has announced the acquisition of ecash Holdings Pty Ltd., an Australian developer of cash handling and financial payment solutions, for guaranteed payments totaling AUD$33 million. The deal includes an initial payment of AUD$20 million at closing, with additional payments based on growth targets, possibly bringing the total to AUD$43 million. This acquisition will enhance Everi's financial technology solutions and expand its customer base in Australia and beyond. The transaction is expected to close within 60 days, subject to customary conditions.

Everi Holdings (NYSE: EVRI) announced the appointments of Secil Tabli Watson and Paul Finch to its Board of Directors, effective February 1, 2022. Both new members bring extensive experience in finance and digital innovation, expected to enhance board support for the company's growth strategies. Additionally, Ronald Congemi will retire from the board, with Atul Bali stepping up as Lead Independent Director. The board will expand to ten members following these changes.

Everi Holdings Inc. (NYSE: EVRI) has signed an agreement with Exacta Systems to integrate its award-winning gaming content and cabinets into Exacta's historical horse racing (HHR) system. This partnership aims to enhance player engagement across customer locations through high-performing game offerings. Everi's extensive library will cater to the growing HHR market, with executives from both companies expressing confidence in this collaboration as a significant opportunity.

Everi Holdings (NYSE: EVRI) announced its agreement to acquire certain strategic assets from Atlas Gaming Pty Ltd, a developer of gaming content based in Australia. The transaction, estimated to close within 60 days, includes game development technology and intellectual property. This acquisition is expected to enhance Everi's existing game development capabilities and facilitate expansion into new international markets, particularly Australia. Everi will finance the acquisition using existing cash reserves, and key members of Atlas's development team will join Everi following the transaction.

Everi Holdings Inc. (NYSE: EVRI) announced a significant management transition, effective April 1, 2022. CEO Michael D. Rumbolz will become Executive Chairman, while Randy L. Taylor, the current COO, will take over as CEO. Under Rumbolz's leadership since February 2016, the company's market capitalization grew from $168 million to around $2 billion. Taylor, who has been with Everi for over a decade, is set to continue driving growth in gaming and financial technology sectors, with an emphasis on core revenue and emerging opportunities like iGaming.

Everi Digital, the online gaming division of Everi Holdings (NYSE: EVRI), announced a partnership with Atlantic Lottery Corporation (ALC) to provide gaming content to ALC’s online casinos. Everi's content will be delivered via its Spark Remote Game Server across New Brunswick and other Canadian provinces. The online casino alc.ca, which offers responsible gambling features, has seen record sales and is expanding rapidly. Everi's gaming catalog includes over 50 titles, such as Atomic Meltdown and El Dorado The Lost City. This partnership enhances Everi's digital presence in Atlantic Canada.