Everi Hldgs Inc Stock Price, News & Analysis

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.

Everi Holdings (NYSE:EVRI) will release its 2020 fourth quarter and full year results on March 9, 2021, after market close. A conference call will take place at 5:00 p.m. ET that day, accessible via phone at (201) 689-8471. A replay will be available from 8:00 p.m. ET, with access via (412) 317-6671 using PIN 13716607, until March 16, 2021. Everi is a leading supplier of innovative gaming and financial technology solutions, aimed at transforming casino experiences and enhancing operational efficiencies.