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Everi Holdings Inc. develops casino gaming content, gaming machines, gaming systems, bingo products, iGaming content, financial technology, player loyalty tools and mobile applications for casino, sports, entertainment and hospitality venues. Company news has covered CashClub Wallet cashless funding, BeOn mobile services, Venuetize venue applications, online game titles, cabinet and game showcases, customer launches and operating results.
Corporate updates also include capital-structure disclosures, governance matters, shareholder voting topics and public-company status changes following a completed transaction.
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.
Everi Holdings reported Q2 2020 results, showcasing a revenue decline to $38.7 million, down from $129.7 million a year prior, primarily due to COVID-19 impacts. The company recorded a net loss of $68.5 million, or $0.80 per diluted share, against a net income of $5.5 million in 2019. Adjusted EBITDA fell to $3.3 million from $64.1 million. However, cash reserves improved significantly to $257.4 million. Leadership remains optimistic about returning to positive cash flow by Q3 2020.
Everi Digital, the online gaming division of Everi Holdings (EVRI), has teamed up with ROAR Digital, a joint venture by MGM Resorts and GVC Holdings, to launch three popular three-reel mechanical titles on leading online casinos in New Jersey. Titles include Smokin' 777, Meltdown, and Double Ruby, available now on Borgata Online Casino, BetMGM, and Party Casino. Additionally, Everi will introduce Hot Spot 777, an exclusive title for GVC, in August 2020. This partnership enhances Everi's digital gaming footprint and strengthens ties with MGM and GVC.
Everi Digital, a sector leader in online gaming, has expanded its content delivery to Lotoquebec.com via its Remote Game Server. This partnership, alongside Scientific Games' OpenGaming™ ecosystem, launched with six popular titles like Star Magic™ and Vortex™, available in both French and English. Everi’s Executive VP, David Lucchese, highlighted the significance of this collaboration in extending their gaming reach in Quebec, aiming to engage a growing online player community. The integration of Everi's games is expected to enhance Lotoquebec's online offerings and player engagement.
Everi Holdings (NYSE: EVRI) will announce its 2020 second quarter results on August 4, 2020, after market close. The company will host a conference call and webcast at 5:00 p.m. ET. Investors can join the call by dialing (323) 794-2093, with a replay available until August 11, 2020, using PIN 3113868. Everi is a leading supplier in the gaming industry, providing innovative entertainment and technology solutions, including gaming machines and financial services, designed to enhance player experiences and casino operations.
Everi Holdings reported Q1 2020 results with revenues of $113.3 million, down from $123.8 million year-over-year, largely due to March casino closures from the COVID-19 pandemic. The company recorded a net loss of $13.5 million, or $(0.16) per share, impacted by a $7.4 million debt extinguishment loss. Adjusted EBITDA decreased to $52.3 million from $61.3 million. Despite revenue declines, performance in January and February showed growth, including a 21% increase in daily win per unit. Everi has taken steps to improve liquidity and has begun supporting customers as casinos reopen.
Everi Holdings (NYSE: EVRI) will announce its 2020 first quarter results on June 2, 2020, after market hours. A conference call for investors will start at 5:00 p.m. ET, accessible by calling (323) 794-2423. A replay of the call will be available after 8:00 p.m. ET, until June 9, 2020, at (412) 317-6671, using PIN 5912266. Everi is a leading provider of entertainment and technology solutions for the gaming industry, dedicated to enhancing player experiences and casino operations.
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