Everi Hldgs Inc Stock Price, News & Analysis

Everi Holdings (NYSE: EVRI) will announce its 2023 first quarter results on May 10, 2023, before market opening. A conference call and webcast will follow at 11:00 a.m. ET to discuss the results. To participate in the call, dial (201) 689-8471. A replay will be available starting at 2:00 p.m. ET on the same day, accessible by calling (412) 317-6671 with the PIN 13737378 until May 17, 2023. Everi is focused on innovation, providing technology solutions for casinos and gaming operators, as well as financial technology that enhances operational efficiencies and compliance. The company aims to enhance patron engagement through gaming content and loyalty tools.

Everi Holdings Inc. (NYSE: EVRI) announced an agreement to acquire assets of VKGS LLC (Video King) for approximately $59 million, set to close within 60 days. This acquisition aims to enhance Everi's Games segment, leveraging Video King's established customer base and electronic bingo technology to expand its digital content market. Video King generated over $25 million in revenue in 2022, mainly from more than 50,000 installed electronic bingo tablets across various venues. The deal is expected to enhance Everi's Adjusted EBITDA and Free Cash Flow. Everi aims to leverage Video King's resources to introduce new gaming content and enhance player experiences through digital wallets and loyalty products.

Everi Holdings Inc. (NYSE: EVRI) has expanded its mobile app, Venuetize, with Phase Two of the Churchill Downs Racetrack experience, enhancing fan engagement for the Kentucky Derby. The app now includes a dedicated Kentucky Derby mode featuring live event engagement, ticket access, event maps, and alerts for Derby Week. Phase One, introduced in September, offers year-round racetrack functionalities such as ticketing, venue navigation, race calendars, and expert insights. Executives from both Everi and Churchill Downs express enthusiasm for this mobile-first initiative that aims to improve customer interaction and operational efficiency.

Everi Holdings Inc. (NYSE: EVRI) announced the first installation of its new Dynasty Vue™ gaming cabinet at Yaamava' Resort & Casino in Highland, California, on April 3, 2023. This innovative cabinet features a unique custom display and a 27-inch integrated top box, designed for enhanced player experience. The initial offering includes the Combo Cash™ Series with base themes Rockin' Reels™ and Secret Treasures™, allowing players to win up to $20,500. A ribbon-cutting ceremony is scheduled for April 4, 2023, to celebrate this launch, marking a significant step in Everi's gaming technology evolution.

Everi Holdings Inc. (NYSE: EVRI) unveiled its innovative mobile gaming solution, Vi™, at the Indian Gaming Tradeshow & Convention 2023 in San Diego. This all-in-one platform integrates Everi Digital games, the CashClub Wallet®, and player loyalty features, allowing players to engage in gaming across casino properties using their mobile devices. Vi utilizes geolocation for registered play in approved areas and connects with existing casino systems through Everi's Player Account Management. With access to nearly 70 games via the Spark™ Remote Game Server, Vi aims to enhance player interaction and create new revenue streams for casino operators.

Everi Holdings Inc. (NYSE: EVRI) announced its participation in the Indian Gaming Tradeshow and Convention from March 27-30, 2023, where it will showcase the innovative Dynasty Vue™ cabinet. This new gaming cabinet displays features that enhance player engagement, including a custom display and integrated 27-inch top box. Everi will also introduce over 20 new original game themes and several licensed themes. Notable game families include Combo Cash™ and Wild Wheel™. Everi aims to strengthen its position in the gaming industry by providing unique game content and advanced technology solutions.