Everi Hldgs Inc Stock Price, News & Analysis

Everi Holdings (NYSE: EVRI) has launched the JACK Mobile Wallet, a cashless mobile wallet powered by its CashClub Wallet technology, at JACK Entertainment properties in Northeast Ohio. The first phase is live at JACK Thistledown Racino, featuring remote enrollment and cashless funding through various options. Future phases will expand functionality, subject to regulatory approval. This initiative aims to enhance player experiences by offering cashless transactions and integrating with JACK's loyalty program, marking a significant step in digital wallet solutions in the casino industry.

Everi Holdings Inc. (NYSE: EVRI) will unveil its latest banked product, Flex Fusion™, at the 2021 Indian Gaming Tradeshow & Convention. This launch features innovative game themes, including Fortune Garden® and high-energy series like Cashnado™ and MonsterVerse™. Everi highlights its financial technology advancements, including CashClub Wallet® and Jackpot Xpress®, to enhance player experiences. The company emphasizes its commitment to tribal gaming partners, showcasing its broad product portfolio aimed at improving operational efficiencies and regulatory compliance.

Everi Holdings (NYSE: EVRI) has successfully closed an offering of $400 million in senior unsecured notes, with a 5.000% interest rate due in 2029. The proceeds will be utilized to fully redeem its 7.50% senior unsecured notes due 2025 and cover related fees. In addition, Everi plans to use remaining funds, alongside expected new credit facilities and current cash, to repay existing borrowings and terminate commitments under current credit facilities. The notes were sold primarily to qualified institutional buyers and are not registered under the Securities Act.

Everi Holdings announced it will release its 2021 second quarter results on August 4, 2021, before market opens. A conference call will take place at 11:00 a.m. ET that day, accessible via phone at (201) 689-8471. A replay will be available post-call until August 11, 2021, through (412) 317-6671 using PIN 13721158. The call will also be webcast live and archived on the company’s website. Everi focuses on enhancing player engagement and offers gaming systems and financial technology solutions for both land-based and iGaming operators.

Everi Holdings Inc. (NYSE: EVRI) has successfully priced $400 million in senior unsecured notes due 2029 at a 5.000% interest rate. The firm plans to use part of the proceeds to redeem its existing 7.50% Senior Unsecured Notes due 2025 and cover related expenses. Following the closure of new credit facilities in August 2021, additional funds will be allocated to repay existing borrowings and settle other fees. The offering is anticipated to close on July 15, 2021, subject to standard conditions.

Everi Holdings Inc. (NYSE: EVRI) announced its intention to offer $400 million in senior unsecured notes due 2029. The proceeds will be utilized to fully redeem its 7.50% Senior Unsecured Notes due 2025 and to repay a portion of existing debt. Following the offering, Everi plans to enter new credit facilities to further address outstanding borrowings. The private offering targets qualified institutional buyers under Rule 144A and is not contingent on the refinancing of existing credit facilities.

Everi Holdings Inc. (NYSE: EVRI) announced plans to refinance its outstanding $1.1 billion debt, lowering costs and extending maturities. Expected second-quarter 2021 revenues are projected between $167 million and $172 million, a 25% increase year-over-year, with net income estimated at $31 million to $34 million. Free Cash Flow is expected to be $32 million to $36 million. The company's cash position improved to $360.8 million as of May 31, 2021. Everi's growth in gaming and fintech segments underscores a strong recovery from pandemic impacts.

Everi Holdings (EVRI) has launched its MonsterVerse™ wide-area progressive game at San Manuel Casino in Southern California. The game, featuring 4K graphics of iconic characters like Kong and Godzilla, is designed to enhance the gaming experience. With features like a 'Monster Bet' option, players can engage with multiple arrays simultaneously. This introduction expands Everi's premium gaming portfolio in a key market, emphasizing their commitment to innovative gaming solutions. The partnership with San Manuel Casino aims to provide attractive returns on investment for customers.

Everi Digital, the online gaming arm of Everi Holdings (NYSE: EVRI), has launched its award-winning gaming content in West Virginia through partnerships with BetMGM, BetRivers.com, and DraftKings. This marks the introduction of Everi's games, including Atomic Meltdown™ and Cash Machine™, to the state, leveraging its proprietary Spark Remote Game Servers. With this expansion, Everi now supports these operators across four states: Michigan, New Jersey, Pennsylvania, and West Virginia. The company aims to enhance player engagement and operational efficiencies in online gaming.