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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 Holdings Inc. (NYSE: EVRI) announced on January 10, 2023, that it has been selected by the British Columbia Lottery Corporation (BCLC) to supply its Anti-Money Laundering (AML) compliance solution. This agreement enhances their existing partnership and allows Everi to support BCLC's gaming operations across British Columbia. The Everi Compliance solution is deployed in over 600 gaming properties and is recognized as a leading AML software in the gaming sector. This collaboration is aimed at ensuring high compliance standards amidst BCLC's expansion in casino and online gaming.
Everi Holdings Inc. reported a record-breaking third-quarter revenue of $204.3 million, up 21% from $168.3 million in 2021. Net income surged 339% to $29.4 million, or $0.30 per diluted share. Recurring revenues rose 9% to $143.6 million, while non-recurring revenues increased 64% to $60.7 million. Free Cash Flow was $43.9 million, down from $56.3 million due to shifts in interest payment timing. The company narrowed its 2022 guidance for net income, Adjusted EBITDA, and Free Cash Flow, signaling steady operational performance going forward.
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Everi Holdings Inc. (NYSE:EVRI) has announced it will release its 2022 third quarter results on November 8, 2022, before market opening. A conference call and webcast will be held at 11:00 a.m. ET on the same day. Investors can access the call by dialing (201) 689-8471, with a replay available until November 15, 2022.
Everi focuses on the gaming industry, providing innovative technology and financial solutions to enhance operational efficiencies and regulatory compliance.
Everi Holdings (NYSE: EVRI) will host a live webcast on October 10, 2022, at 2:30 p.m. PT (5:30 p.m. ET) for its investor presentation and product previews at the Global Gaming Expo (G2E). Following the presentation, a Q&A session will be held. The webcast will be archived until October 31, 2022, available on Everi's website.
This presentation will highlight innovative gaming, FinTech, and digital solutions from the recent press releases. For details, visit www.everi.com.
Everi Payments Inc., a subsidiary of Everi Holdings (NYSE: EVRI), has partnered with Prove Identity, Inc. to enhance its digital CashClub Wallet® technology. This collaboration aims to provide customers with more secure and seamless gaming experiences by integrating Prove’s identity verification solutions. The Trust Score™ feature will help identify and mitigate fraud effectively. This partnership aligns with Everi's commitment to modernize the gaming industry by offering integrated digital and physical payment solutions.
Everi Digital, a division of Everi Holdings (NYSE: EVRI), expands its proprietary gaming portfolio to 60 games with new titles showcased at the Global Gaming Expo (G2E) from October 10-13, 2022. Highlights include popular progressive games like Gold Standard Jackpots™ and Double Jackpot Gems®. Everi has risen to the No. 3 omni-channel game supplier according to the Eilers & Krejcik-Fantini Game Performance Report. The company’s Spark Remote Game Server continues to grow in the iGaming market across various U.S. states and Canadian provinces.
Everi Holdings Inc. (NYSE: EVRI) is set to showcase its latest advancements in financial technology and casino loyalty solutions at the Global Gaming Expo (G2E) from October 10-13, 2022, in Las Vegas. The company will highlight its CashClub Wallet®, a leading cashless payment solution, now integrated with Banking as a Service capabilities. Additionally, the enhanced Prelude loyalty kiosk and Trilogy™ platform showcase improvements in customer engagement. Everi aims to position itself as the premier partner for casino operators through its comprehensive suite of integrated solutions.
Sky River Casino has officially opened near Sacramento, California, introducing cutting-edge cashless gaming solutions powered by Everi Holdings and Konami Gaming. This state-of-the-art casino offers a complete cashless gaming experience with 2,000 slot machines, 80 table games, and multiple dining options. The integration of Everi's CashClub Wallet and Konami's SYNKROS systems enhances convenience and player engagement, allowing guests to maximize their entertainment experience while benefiting from real-time loyalty rewards.
Everi Holdings Inc. (NYSE: EVRI) will debut its new Dynasty Vue gaming cabinet and approximately 50 new games at the Global Gaming Expo (G2E) from October 10-13, 2022. The Dynasty Vue features a unique display that enhances player engagement, blending elements from various cabinet types. CEO Randy Taylor emphasized the company's commitment to innovation and the positive impact of new products on casino revenue. Additionally, Everi will host a charity slot tournament on October 12 to donate $16,000 to winning players' charities.