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 Inc. (NYSE: EVRI) announced its acquisition of strategic assets from Venuetize, a mobile technology innovator, broadening its market reach beyond the casino gaming industry. This acquisition aims to enhance Everi's player loyalty and mobile engagement capabilities, allowing for new revenue opportunities in sports, entertainment, and hospitality sectors. The transaction, set to close within 30 days, will be funded by existing cash and is expected to bolster Everi's offerings with Venuetize's advanced m-commerce technology integrated into its existing gaming solutions.
Everi Holdings reported a record revenue of $197.2 million for Q2 2022, up 14% from the previous year. The company's net income reached $32.5 million, translating to $0.33 per diluted share. Adjusted EBITDA increased to $94.4 million, while free cash flow rose 26% to $49.5 million. Significant growth was noted in both the Games and FinTech segments, with record sales of 1,957 gaming machines. The company repurchased 2 million shares for $33.3 million, reflecting a strong position in the market.
Everi Holdings Inc. (NYSE:EVRI) will announce its 2022 second quarter results on August 3, 2022, prior to market opening. A conference call is scheduled for 11:00 a.m. ET the same day, with a replay available post-event. The company focuses on enhancing player engagement and operational efficiencies in the gaming industry, providing game content, gaming machines, and financial technology solutions. Everi is committed to delivering innovative technologies that fulfill regulatory compliance for casino operations.
Summary not available.
Everi Holdings (EVRI) reported a record first-quarter revenue of $175.6 million, up 26% from the previous year, with net income rising 54% to $31.5 million. The company achieved record recurring revenue of $134.4 million, propelled by robust demand in gaming and FinTech segments. Adjusted EBITDA also hit a record $89.6 million. Everi's Board authorized a $150 million share repurchase program, reflecting confidence in stock value. The outlook remains positive with expectations for sustained growth throughout 2022 amidst a dynamic market environment.
Everi Holdings Inc. (NYSE: EVRI) has announced its acquisition of Intuicode Gaming Corporation, a game development firm specializing in Historical Horse Racing (HHR) games. The acquisition, valued between $22 million and $27 million, includes an initial payment of $12.5 million and further payments based on future revenue. Intuicode generated over $10 million in revenue in 2021, providing Everi with crucial expertise to enhance its entry into the expanding HHR market.
Summary not available.
Everi Holdings Inc. (EVRI) will showcase its latest gaming products and financial technology solutions at the 2022 Indian Gaming Tradeshow & Convention in Anaheim, California, on April 21-22. Key highlights include the new Player Classic Signature cabinet with seven themes, over 10 innovative themes for the Empire Flex cabinet, and advancements in their 'Digital Neighborhood' FinTech suite. The company aims to enhance the gaming experience and operational efficiency for tribal operators, demonstrating its commitment to the Native American gaming sector.
Everi Holdings is set to release its 2022 first quarter results on May 10, 2022, before the market opens. A conference call is scheduled for 11:00 a.m. ET, which can be accessed by calling (201) 689-8471. The replay of the call will be available from 2:00 p.m. ET on the same day until May 17, 2022. The call will also be available via webcast on the company's website. Everi focuses on providing gaming solutions and financial technology to enhance casino operations.
Everi Holdings (NYSE: EVRI) has acquired strategic assets from XUVI, LLC, enhancing its loyalty technology capabilities. The acquisition, funded by existing cash, includes XUVI's BEAMSTUDIO marketing platform, which leverages data analytics and AI to optimize customer engagement and marketing efforts. This technology aims to improve operational efficiency and targeted campaigns for casinos. Everi's Executive VP states that this move will strengthen their loyalty solutions and drive revenue growth, positioning them as a comprehensive provider in the gaming industry.