Everi Enters Seven-Year Strategic Relationship with Churchill Downs Incorporated for Financial Technology Related Services
Rhea-AI Summary
Everi (IGT brand) announced a seven-year agreement with Churchill Downs Incorporated (NASDAQ: CHDN) dated Oct. 8, 2025 to deploy Everi CashClub® and additional FinTech solutions across CDI live and historical racing venues and regional gaming properties.
Services include ATM, debit, credit, check processing, Everi Compliance anti-money laundering (AML) technology, and back-end gaming operational tools. The deal builds on existing integrations: Everi's BeOn™ Venue Platform powers the Churchill Downs Racetrack mobile app and IGT supplies historical horse racing games and hardware.
The partnership aims to deliver improved transaction diversity, stronger compliance, smarter data, and personalized patron engagement.
Positive
- Signed seven-year FinTech services agreement with CDI
- Deployment across live, historical racing, and regional gaming venues
- Includes AML compliance technology to strengthen Title 31 controls
- Integration with existing BeOn™ mobile app and IGT hardware
Negative
- None.
Insights
Seven-year FinTech deal with Churchill Downs provides a stable, multi-venue revenue runway and operational integration opportunities.
Everi and IGT will deploy a broad set of financial services across Churchill Downs Incorporated venues, including CashClub®, ATM, debit, credit, check services, and Everi Compliance AML technology, plus back-end gaming operations tools. The contract spans seven years and extends existing product ties such as the BeOn™ Venue Platform and IGT historical racing offerings, implying multi-product, multi-venue implementation rather than a single-point sale.
Execution depends on staged rollouts, integration with existing systems, and ongoing compliance performance; operational delays or integration friction would slow value realization. Key items to watch include deployment milestones, volume of processed transactions, and renewal or expansion signals within the seven-year term starting
IGT to Deploy Everi's Financial Access Services and Additional FinTech Solutions
Bill Mudd, President and COO of CDI, said: "The FinTech agreement with Everi represents a tremendous opportunity for our customers. In addition to advancing our financial technology capabilities, the partnership enhances Title 31 compliance and strengthens our operational excellence. Everi's technology, scale, and expertise align seamlessly with our growth strategy and will help us deliver the innovative, secure, and seamless experiences our customers expect and deserve."
Darren Simmons, IGT CEO FinTech, said: "As an iconic brand across gaming and sports and entertainment, Churchill Downs aligns with our philosophy of providing unique patron experiences. We are pleased to enhance their customer journeys and gaming operations with our robust FinTech solutions that offer more diversity in transaction types, process more transactions, and drive more value to the floor than any other supplier in the industry."
The agreement also builds upon the existing relationship between IGT, Everi and CDI, as Everi's BeOn™ Venue Platform powers the Churchill Downs Racetrack mobile app, and IGT provides historical horse racing games and hardware.
By combining Everi's FinTech innovation with IGT's global infrastructure, operators can benefit from a flexible, modular foundation that delivers smarter data, stronger compliance, and personalized engagement at every touchpoint. Together, IGT and Everi are reimagining how payments, loyalty, and compliance come together — helping operators move faster, serve smarter, and lead the next era of connected gaming.
For more information, visit IGT.com, follow us on Facebook, LinkedIn, and X, or watch IGT videos on YouTube.
About IGT
IGT is a leading global provider of gaming, digital and financial technology solutions, formed through the combination of International Game Technology PLC's Gaming & Digital Business and Everi Holdings Inc. IGT's offering spans gaming machines, game content and systems, iGaming, sports betting, cash access, loyalty and player engagement solutions, enabling it to deliver integrated, customer-centric experiences across land-based and digital environments. Organized into Gaming, Digital and FinTech business units, IGT drives innovation, efficiency and value for casino, digital and hospitality operators worldwide. The company is headquartered in
About Churchill Downs Incorporated
Churchill Downs Incorporated ("CDI") (Nasdaq: CHDN) has been creating extraordinary entertainment experiences for over 150 years, beginning with the company's most iconic and enduring asset, the Kentucky Derby. Headquartered in
Contact:
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The trademarks and/or service marks used herein are either trademarks or registered trademarks of IGT, its affiliates or its licensors.
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SOURCE Everi Holdings Inc.
FAQ
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