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, 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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