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 (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.
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.
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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.
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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.