Welcome to our dedicated page for Everi Hldgs news (Ticker: EVRI), a resource for investors and traders seeking the latest updates and insights on Everi Hldgs stock.
Everi Holdings Inc. (EVRI) has been described in its public communications as a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions, and bingo. The Everi news feed on Stock Titan aggregates company announcements and related coverage so readers can see how Everi’s gaming, FinTech, and mobile offerings are being deployed across casinos, online gaming, and sports and entertainment venues.
Recent Everi news releases highlight several themes. On the gaming side, the company regularly announces new cabinets, hardware platforms, and game themes for major industry events such as the Global Gaming Expo and the Indian Gaming Tradeshow & Convention. These stories describe how Everi is adding new video and mechanical slot content, expanding its digital catalog through Everi Digital, and introducing online versions of land-based hits for iGaming markets.
Everi’s FinTech and RegTech activities are another frequent subject of its news. Announcements describe enhancements to the CashClub Wallet cashless payments platform, the BeOn Mobile Services Platform, and AML compliance systems such as Everi Compliance and the Entegrity AML platform. News items also cover new modules for transaction monitoring, incident management, and tax form handling, as well as route and table-game solutions like the Cash RedemptionXChange kiosk and PitXpress.
The company’s expansion into sports, entertainment, and hospitality venues is reflected in stories about mobile apps and venue technology built on its Venuetize and BeOn platforms. Examples include mobile apps for professional sports teams and venue-specific applications that integrate ticketing, content, and, in some cases, wallet and wagering features.
In addition to product and customer announcements, the news feed also captures corporate developments. These include Everi stockholders’ approval of an acquisition by funds managed by affiliates of Apollo Global Management, Inc., and subsequent filings and announcements related to the completion of a broader transaction involving International Game Technology PLC’s Gaming & Digital business. Readers interested in EVRI can use this page to follow how Everi’s products, partnerships, and corporate structure evolve over time.
Everi Holdings Inc. (NYSE: EVRI) announced a successful refinancing of its outstanding debt totaling $1.0 billion. This includes a $600 million senior secured term loan due 2028, a $125 million undrawn senior secured revolving credit facility due 2026, and $400 million in senior unsecured notes due 2029. The refinancing reduces annual cash borrowing costs by approximately $23 million compared to June 30, 2021. The company emphasized improved balance sheet strength and financial flexibility, aiming for Free Cash Flow generation with a long-term net debt leverage target of 2.5-to-3.0 times Adjusted EBITDA.
Aristocrat Technologies has partnered with Everi Holdings to integrate Oasis 360™ with Everi's CashClub Wallet®. This collaboration enhances cashless and contactless payment solutions for casino operators, improving customer experience with seamless funding options for electronic gaming. Oasis 360 is recognized for its comprehensive casino management technology, which supports various functions including mobile and table game management. This integration aims to streamline operations and enhance user engagement in the gaming industry.
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.