Everi Hldgs Inc Stock Price, News & Analysis

Everi Digital, a subsidiary of Everi Holdings (NYSE:EVRI), has received a supplier license from the Alcohol and Gaming Commission of Ontario, allowing it to expand its online gaming content to multiple operators in Ontario's newly regulated iGaming market. This follows its previous expansion into Connecticut, Michigan, New Jersey, Pennsylvania, and more. Everi's Spark™ Remote Game Server now supports over 50 game titles, including popular games like Cash Machine® and El Dorado The Lost City®. The company aims to strengthen its presence in North America's online gambling sector.

Everi Holdings Inc. (NYSE: EVRI) announced its partnership with the U.S. Army by joining the Army's Partnership for Youth Success (PaYS) Program. This initiative guarantees soldiers an interview and potential employment with Everi after service. Randy Taylor, Everi's President and COO, highlighted the advantage of accessing a disciplined and skilled workforce from the Army. The partnership enhances Everi's recruitment efforts, especially in its technology divisions, while supporting the Army's broader recruitment goals.

Everi Holdings (NYSE: EVRI) has been honored with three awards at the 2022 EKG Slot Awards, including 'Most Improved Supplier – Core' for the third consecutive year. The company's game Black Diamond® was acknowledged as the 'Top Performing Core Mechanical Reel Game,' and Double Black Diamond™ received the 'Top Performing New Mechanical Reel Core Game' award. These awards reflect Everi's commitment to innovative gaming solutions and player engagement, as determined by over 100 slot directors from more than 300 casinos across the U.S. and Canada.

Everi Holdings reported strong fourth quarter and full year 2021 results, with revenues up 51% to $180.4 million and net income reaching $89.4 million, a significant increase from $1.1 million in Q4 2020. Full year revenues grew 72% to $660.4 million, surpassing 2019 levels. Adjusted EBITDA rose by 45% to $88.8 million in the fourth quarter and by 97% to $347.2 million for the full year. The company anticipates continued growth in 2022, driven by expansion in gaming operations and new product initiatives. Free Cash Flow also surged to a record $158.7 million for the year.

Everi Holdings (NYSE:EVRI) will announce its 2021 fourth quarter and full-year financial results before market opening on March 1, 2022. A conference call and webcast will take place at 11:00 a.m. ET. Investors can join by calling (201) 689-8471 with a replay available from 2:00 p.m. ET until March 8, 2022 at (412) 317-6671, using PIN 13727092. Everi develops gaming content and technology solutions that enhance player engagement and operational efficiency for gaming operators worldwide.

Everi Holdings Inc. (NYSE: EVRI) has announced the acquisition of ecash Holdings Pty Ltd., an Australian developer of cash handling and financial payment solutions, for guaranteed payments totaling AUD$33 million. The deal includes an initial payment of AUD$20 million at closing, with additional payments based on growth targets, possibly bringing the total to AUD$43 million. This acquisition will enhance Everi's financial technology solutions and expand its customer base in Australia and beyond. The transaction is expected to close within 60 days, subject to customary conditions.

Everi Holdings (NYSE: EVRI) announced the appointments of Secil Tabli Watson and Paul Finch to its Board of Directors, effective February 1, 2022. Both new members bring extensive experience in finance and digital innovation, expected to enhance board support for the company's growth strategies. Additionally, Ronald Congemi will retire from the board, with Atul Bali stepping up as Lead Independent Director. The board will expand to ten members following these changes.

Everi Holdings Inc. (NYSE: EVRI) has signed an agreement with Exacta Systems to integrate its award-winning gaming content and cabinets into Exacta's historical horse racing (HHR) system. This partnership aims to enhance player engagement across customer locations through high-performing game offerings. Everi's extensive library will cater to the growing HHR market, with executives from both companies expressing confidence in this collaboration as a significant opportunity.