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) delivers cutting-edge gaming technology and financial solutions for global casino operators. This dedicated news resource provides investors and industry stakeholders with comprehensive updates on corporate developments, product innovations, and market positioning.
Find timely coverage of earnings announcements, regulatory updates, and strategic initiatives across EVRI's dual business segments. Monitor key developments in casino gaming systems, interactive content releases, and financial technology solutions that streamline casino operations. Our curated news selection supports informed analysis of EVRI's growth in both land-based and digital gaming markets.
Regular updates include new product certifications, partnership agreements, financial disclosures, and technology advancements. Bookmark this page for efficient tracking of EVRI's progress in enhancing player experiences through integrated gaming entertainment and secure financial infrastructure.
Everi Holdings (NYSE: EVRI) has announced preliminary financial results for Q4 and the full year ended December 31, 2020. Despite ongoing challenges from COVID-19, Q4 revenues are expected to range between $117 million to $121 million, up from $112.1 million in Q3, but down from $145.2 million in Q4 2019. The company anticipates a net loss between $1.4 million and $0.3 million, with Adjusted EBITDA projected at $60 million to $62 million. Full-year revenue is anticipated between $381 million and $385 million, reflecting a significant decline compared to $533.2 million in 2019. Everi plans to leverage market conditions to reprice a $735.5 million First Lien Term Loan.
Everi Digital is expanding its presence in Michigan by offering popular online stepper and video slot games through various casino operators via its proprietary Remote Game Server. Their game lineup includes titles like Atomic Meltdown™, Cash Machine™, and Double Ruby™. David Lucchese, Executive VP of Sales, expressed enthusiasm about this venture, highlighting its alignment with the growing online player community. Everi’s mission focuses on innovative gaming solutions and enhancing player experiences.
Everi Holdings (NYSE: EVRI) announced that David Lucchese has been appointed President of the Association of Gaming Equipment Manufacturers (AGEM), effective January 12, 2021. Lucchese, the Executive Vice President of Sales, Marketing and Digital at Everi, will serve a two-year term. AGEM's Executive Director, Marcus Prater, praised Lucchese's experience in addressing the challenges faced by gaming suppliers due to the pandemic. Lucchese expressed his commitment to enhancing collaboration among AGEM members on key industry issues, including regulatory and political matters.
Everi Holdings (NYSE: EVRI) has partnered with the Seminole Tribe of Florida to launch the WildCard Wallet, a mobile digital wallet solution designed for cashless gaming across Seminole casinos. Powered by Everi’s CashClub™ Wallet, this system allows patrons to fund electronic game play and make purchases at various outlets, promoting a contactless experience. The rollout will commence at Seminole Hard Rock Hotel & Casino Hollywood and expand to other locations by Q1 2021. The initiative aims to enhance security and convenience for guests while supporting responsible gaming.
Everi Holdings (NYSE: EVRI) announces the launch of the WinStar Wallet on December 3, 2020, in collaboration with WinStar World Casino and Resort. This digital wallet integrates Everi’s CashClub Wallet, enabling a cashless and touchless gaming experience. Patrons can deposit, retrieve, and manage their funds conveniently through the mobile app, enhancing their casino experience. WinStar offers over 8,500 electronic games and aims for a secure, digital customer experience, aligning with Everi's mission to innovate in casino gaming technology.
Everi Holdings reported significant improvements in Q3 2020, with revenues rising to $112.1 million from $38.7 million in Q2 2020, though still lower than $134.6 million in Q3 2019. Operating income was $19.7 million, a notable recovery from an operating loss of $52.7 million in Q2 2020. The net loss narrowed to $0.9 million, compared to a $68.5 million loss in Q2. Adjusted EBITDA rose to $59.8 million, while Free Cash Flow improved to $22.8 million. Liquidity remains strong with $235.4 million in cash. The company anticipates fourth-quarter results will be on par with Q3, barring further pandemic setbacks.
Everi Holdings, a leader in casino entertainment and technology, will announce its third quarter results for 2020 after market close on November 2, 2020. A conference call and webcast will take place at 5:00 p.m. ET that day. Investors can join the call by dialing (201) 689-8471, with a replay accessible from 8:00 p.m. ET via (412) 317-6671 until November 9, 2020. Everi provides innovative gaming solutions and financial products to enhance casino operations and player experiences. For further details, visit www.everi.com.
Everi Digital, a division of Everi Holdings (NYSE: EVRI), has expanded its online gaming partnership with Parx Casino, making seven popular stepper titles available to players in New Jersey. This follows a successful launch in Pennsylvania in December 2019. The partnership enables Everi to now offer its games to over 13 online operators in New Jersey, with plans for more titles. Everi's proprietary remote game server (RGS) supports over 30 titles and incorporates analytics and real-time reporting to enhance gaming experiences.
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