Everi Hldgs Inc Stock Price, News & Analysis

Everi Holdings (NYSE: EVRI) will showcase its latest gaming and fintech innovations at the Indian Gaming Tradeshow & Convention 2025 in San Diego. The company will display over 40 games across seven hardware platforms, featuring more than 10 new themes on the Dynasty Sol™ cabinet including Leprechaun Fortunes™ and Fire Lion™.

The exhibition highlights include the BeOn™ Mobile Services Platform, which extends casino operations to mobile devices with integrated loyalty, payments, and gamification features. A key innovation is BeOn Pay2Game™, allowing direct bank-to-slot machine deposits using QuikTransfer™ technology.

The company will also present Vi®, an on-property mobile gaming solution for Class II games, and showcase enhanced RegTech solutions including Entegrity®, their fourth-generation AML Compliance Platform, featuring new Form Manager and Analytics Manager modules.

Everi Holdings (NYSE: EVRI) and 1/ST have launched the new Gulfstream Racing App, expanding Everi's presence in horse racing following its 2023 Venuetize acquisition. The app, now available on Apple App Store, combines traditional venue features with an integrated wagering experience.

Phase I includes ticketing, dining reservations, promotions, race schedules, messaging, and a 1/ST-designed in-app horse wagering system for win, place, and show bets. The app utilizes Everi's BeOn™ Mobile platform and CashClub Wallet® technology for cashless wagering on-site.

Launched before the 2025 Pegasus World Cup at Gulfstream Park, the partnership will expand to Santa Anita Park in Phase II, featuring enhanced horse wagering and wallet funding capabilities.

International Game Technology (IGT) announced the expiration of the Hart-Scott-Rodino Act waiting period for its previously announced transaction. The deal involves IGT's Gaming & Digital business and Everi Holdings being acquired by a new holding company owned by Apollo Global Management funds. The waiting period expired on November 20, 2024, marking a significant milestone toward completing the transaction. The deal is expected to close by the end of Q3 2025, subject to additional regulatory approvals and conditions.

Everi Holdings (NYSE: EVRI) announced that its stockholders have overwhelmingly approved the company's acquisition by Apollo Global Management funds. The deal, which includes the simultaneous acquisition of IGT's Gaming & Digital business, received 99.88% approval from voting shares, representing 71.48% of total outstanding shares. Stockholders will receive $14.25 per share in cash. The transaction is expected to close by the end of Q3 2025, subject to closing conditions.

Everi Digital, part of Everi Holdings Inc. (NYSE: EVRI), will showcase new online casino games at the Global Gaming Expo (G2E) 2024. Highlights include:

1. Press Your Luck™: Whammy Wilds - An online version of the popular land-based game, offering a $100,000 jackpot, the largest in Everi's iGaming history.

2. Online versions of Cash Machine Jackpots® and Triple Jackpot Gems Deluxe® - High-performing mechanical titles with multiple progressive jackpot tiers.

3. Off The Hook Good Ol' Fishin' Hole™ - An instant win fishing game.

4. Stellar Bounties™ - An arcade-style celestial-themed game.

Everi Digital's catalog now includes over 100 titles available across North America and Europe, delivered via their proprietary Spark™ Remote Game Server.

Everi Holdings has launched the Vegas Golden Knights (VGK) mobile app, utilizing its Venuetize platform. As the new Official Mobile Application Partner of VGK, Everi's app provides fans with access to tickets, stats, standings, news, and team-specific content. Available on the App Store and soon on Google Play, the app includes features like VGK's streaming service, KnightTime+, T-Mobile Arena maps, a daily word game, and in-app game predictions powered by LiveLike. The app also integrates a marketing platform for push notifications, in-app messages, and mobile offers. Future updates will introduce the Venuetize Wallet eCommerce System for cashless transactions at VGK venues. VGK President Kerry Bubolz praised the partnership with Everi, highlighting the app's comprehensive fan engagement capabilities.

Everi Holdings Inc. (NYSE: EVRI) will showcase over 60 unique game themes and two new cabinets at the 2024 Global Gaming Expo (G2E®). Key new products include:

1. Player Classic Spin™: A for-sale cabinet with a mechanical wheel and exclusive game content.

2. Dynasty Luna™: A premium banked product with a 36-inch square main display and a 49-inch J-shaped display.

3. Diverse standard video content: Over 20 new themes for various cabinets.

4. Premium video content: New games for Dynasty Sol Sync™ and Dynasty Dynamic™ products.

5. Expanded mechanical content: New themes for Player Classic Signature™ and Player Classic Reserve™.

6. TournEvent Everiway™: Now available on Empire Flex™, Dynasty Vue, and Dynasty Sol cabinets.

These products are either available now or expected to be commercially available within six months.

Everi Holdings Inc. (NYSE: EVRI) will showcase its FinTech solutions at the 2024 Global Gaming Expo (G2E®), focusing on convergence and connectivity to enhance patron experiences. Key highlights include:

1. The BeOn™ Mobile Services Platform, integrating gamification, loyalty, payments, and data insights.

2. RegTech solutions like Entegrity™, an advanced AML Compliance Platform.

3. Vi™, an on-property mobile gaming solution for Tribal operators.

4. CashClub Wallet® for cashless gaming and integration with Crane Payment Innovations' Betbridge™.

5. PitXpress™ for modernizing table-game management.

6. QuikDraw™ marketing technology for promotional drawings.

These innovations aim to provide secure, mobile-first self-service capabilities throughout the patron journey, improving operational efficiencies and engagement opportunities.

IGT and Everi have announced a significant change to their previously announced merger plans. Instead, both IGT's Gaming & Digital business (IGT Gaming) and Everi will be simultaneously acquired by Apollo Global Management in an all-cash transaction valued at approximately $6.3 billion. Under the new agreement:

- Everi stockholders will receive $14.25 per share in cash, a 56% premium over the July 25, 2024 closing price.
- IGT will receive $4.05 billion in gross cash proceeds for IGT Gaming.
- The transaction is expected to close by the end of Q3 2025, subject to regulatory approvals and Everi stockholder approval.

This deal replaces the previously announced spin-off and merger between IGT Gaming and Everi. Post-closing, IGT will become a pure-play lottery business, while IGT Gaming and Everi will operate as privately owned companies under Apollo's ownership.