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 reported a 25% revenue increase to $168.3 million in Q3 2021, compared to Q3 2019. Operating income more than doubled to $55.1 million, while Adjusted EBITDA rose 40% to $90.6 million. Net income fell to $6.7 million due to $34.4 million in debt extinguishment costs. Free Cash Flow surged to a record $56.3 million. The company raised its full-year revenue guidance to $645-$653 million and maintained a positive outlook for continued growth across its Games and FinTech segments.
Everi Holdings (NYSE: EVRI) has partnered with Shift4 (NYSE: FOUR) to integrate its CashClub Wallet technology with Shift4's payment solutions. This collaboration aims to enhance cashless payments across casinos, improving patrons' digital experience by facilitating funding at gaming devices and retail points. Currently operational in 15 casinos, hosting 32,000 gaming devices, CashClub Wallet is the leading digital wallet in U.S. land-based gaming. Both companies aim to bolster efficiency and convenience in the gaming payment landscape.
Everi Digital, part of Everi Holdings (NYSE: EVRI), has launched its online gaming content in Connecticut, marking its expansion into the state. This launch includes over 20 titles available for online players, including popular games like Cash Machine™ and Double Ruby™. Everi has notably increased its digital gaming presence across several U.S. states and Canadian provinces, now totaling nine. The company aims to enhance player engagement and operational efficiency in the gaming industry.
Everi Holdings has signed a five-year agreement with the Delaware Lottery to introduce its gaming content, launching in late 2021 at three locations: Casino at Delaware Park, Dover Downs Hotel & Casino, and Harrington Raceway & Casino. Nearly 500 gaming units will be installed by early 2022, showcasing 68 game themes, including the award-winning The Vault®. This partnership aims to expand Everi's market presence and enhance player engagement.
Everi Holdings announced it will release its 2021 third quarter results on November 3, 2021, before the market opens. A conference call and webcast will follow at 11:00 a.m. ET that day. Investors can join the call by dialing (201) 689-8471. A replay will be available from 2:00 p.m. ET and can be accessed until November 10, 2021. Everi specializes in gaming technology, financial solutions, and player engagement for land-based and online casinos.
Everi Holdings Inc. (NYSE: EVRI) announced an update on its 2021 financial outlook during the Global Gaming Expo. The company now expects full-year net income to range between $90 million and $95 million, and Adjusted EBITDA to be between $337 million and $342 million. This adjustment reflects a slight increase compared to previous forecasts. Everi continues to invest in innovative gaming and financial technology solutions, positioning itself for growth despite ongoing challenges from the COVID-19 pandemic.
Everi Digital, a division of Everi Holdings (NYSE: EVRI), will unveil its inaugural digital progressive games at G2E 2021 from October 4-7. This launch includes 11 themes for the proprietary Spark Remote Game Server (Spark RGS). The digital gaming catalog has expanded to over 50 titles, with popular games like Crystal Star and Blazin' Gems making their digital debuts. The company has invested in enhancing their gaming solutions since 2018, aiming to capture growth in the iGaming market and improve player engagement across various regions.
Everi Holdings, a leader in casino gaming and financial technology, will host a live webcast on October 4, 2021, from 3:00 to 4:00 p.m. PT. The event will preview their products for the 2021 Global Gaming Expo, followed by a Q&A session. The webcast will start at 3:00 p.m. PT and be accessible on their website until October 21, 2021. Recently, Everi announced innovative gaming and FinTech solutions, continuing its commitment to enhancing player engagement and operational efficiency.
Everi Holdings (NYSE: EVRI) announced the acquisition of strategic assets from Meter Image Capturing, LLC, enhancing its FinTech offerings for casino operators. The acquisition leverages MIC's progressive meter reporting technology, which improves operational efficiency by accurately recording gaming machine data. Financial terms were not disclosed, but Everi expects the deal to be accretive to earnings and operating cash flow. MIC's technology, already deployed in over 20 casinos, will streamline operations and integrate with Everi's existing products.
Everi Holdings (NYSE: EVRI) will showcase nearly 40 new original game themes and 6 licensed titles at the Global Gaming Expo (G2E) from October 4-7, 2021. The event highlights Everi's focus on innovative gaming cabinets and engaging player experiences. New products include the Player Classic Signature cabinet and several premium titles for the Skyline Revolve cabinet. The TournEvent platform will be enhanced with five new features to increase revenue for casino operators. Everi aims to reinforce its leadership in gaming while expanding its library of entertainment options.
FAQ
What is the current stock price of Everi Holdings (EVRI)?
What is the market cap of Everi Holdings (EVRI)?
What does Everi Holdings Inc. do?
What are Everi's main business segments?
What recent achievements has Everi announced?
Who is leading Everi Holdings Inc.?
How did Everi perform financially in the last quarter of 2023?
What products does Everi offer?
How is Everi expanding its FinTech segment?
What are Everi's latest product innovations?
What is Everi's social media presence?
What is Everi's outlook for 2024?
