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 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.
Everi Holdings (NYSE: EVRI) has announced a field trial agreement with Caesars Entertainment for its Jackpot Xpress jackpot management system in Nevada. This trial will take place at Caesars Palace, pending final approval from the Nevada Gaming Control Board. Jackpot Xpress is designed to streamline the jackpot process for casinos using mobile technology, enhancing the player experience and operational efficiency. Upon approval, Caesars may deploy this system across all its Nevada properties, marking a significant step in Everi’s partnership with a major player in the gaming industry.
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Everi Holdings reported a record first quarter revenue of $139.1 million, an increase from $123.8 million in 2019. Net income surged to $20.5 million or $0.21 per diluted share compared to $5.9 million in the same quarter of 2019. Adjusted EBITDA rose to $75.4 million, marking a significant improvement from prior years. The company credits strong demand in both Games and FinTech segments for the growth. Everi expects to exceed its 2019 full-year results in 2021, indicating optimism despite ongoing impacts from the pandemic.
Everi Holdings (NYSE:EVRI) will announce its 2021 Q1 results on May 5, 2021, after market close. A conference call and webcast will occur at 5:00 p.m. ET the same day. Investors can join the call by dialing (631) 891-4304, with a replay available until May 12, accessible at (412) 317-6671 (PIN: 10014357). The call will also be available live and archived on Everi's website under the 'Investors' section.
Everi aims to enhance the gaming experience by providing innovative game content, gaming machines, and financial technology solutions for casinos.
Everi Digital, part of Everi Holdings, has secured a new contract with the British Columbia Lottery Commission (BCLC) to offer its online slot content on PlayNow.com, making it the third supplier to provide games. This agreement enables Everi to expand its three-reel stepper offerings significantly, increasing available content by up to 10 times. Additionally, Everi will supply its successful video slots, enhancing its digital gaming footprint and catering to a growing online audience in British Columbia.
Everi Holdings Inc. has announced leadership changes with CEO Michael D. Rumbolz set to become Chairman of the Board following the retirement of E. Miles Kilburn. Kilburn has served as Chairman since 2008 and will step down at the 2021 Annual Meeting on May 19. Alongside Rumbolz's appointment, Ronald V. Congemi has been named Lead Independent Director. The Board aims to fill the vacancy with a director who enhances diversity while maintaining strong corporate governance and leadership succession planning, crucial for Everi's growth in the gaming industry.
Everi Holdings Inc. (NYSE: EVRI) has achieved significant recognition at the EKG Slot Awards, winning four top honors, an improvement from three last year. The awards highlight Everi's Empire Flex® cabinet as the Top Performing New Cabinet and its Cash Machine® game as the Top Performing Core Mechanical Reel Game, marking its second consecutive win. Additionally, Everi's Smokin Hot Stuff Wicked Wheel® was named Top Performing 3rd Party IP Branded Game. The company was also recognized as the Most Improved Supplier in the Core category, reflecting a commitment to innovation and player engagement.
Everi Holdings Inc. (NYSE: EVRI) announced the appointment of Kate C. Lowenhar-Fisher as Executive Vice President, Chief Legal Officer – General Counsel, effective March 22, 2021. She brings over 18 years of legal experience in the casino gaming industry, previously serving at Dickinson Wright PLLC. Her expertise will enhance Everi's legal and regulatory compliance, crucial for the company's growth and expansion. CEO Michael Rumbolz expressed confidence that Lowenhar-Fisher's background will be an asset amid Everi's ongoing evolution in the gaming sector.
Everi Holdings reported its fourth-quarter results for 2020, showing sequential improvements despite the COVID-19 pandemic. Revenues increased to $119.6 million from $112.1 million in Q3 2020, but down from $145.2 million in Q4 2019. The company achieved a net income of $1.1 million, up from a loss of $0.9 million in Q3. Adjusted EBITDA rose to $61.2 million. The installed base of premium gaming units grew by 26% year-over-year, reaching 6,478 units. Key developments included the launch of CashClub Wallet technology with two casino operators.