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) delivers cutting-edge gaming technology and financial solutions for global casino operators. This dedicated news resource provides investors and industry stakeholders with comprehensive updates on corporate developments, product innovations, and market positioning.
Find timely coverage of earnings announcements, regulatory updates, and strategic initiatives across EVRI's dual business segments. Monitor key developments in casino gaming systems, interactive content releases, and financial technology solutions that streamline casino operations. Our curated news selection supports informed analysis of EVRI's growth in both land-based and digital gaming markets.
Regular updates include new product certifications, partnership agreements, financial disclosures, and technology advancements. Bookmark this page for efficient tracking of EVRI's progress in enhancing player experiences through integrated gaming entertainment and secure financial infrastructure.
Everi Holdings Inc. (NYSE: EVRI) announced a significant management transition, effective April 1, 2022. CEO Michael D. Rumbolz will become Executive Chairman, while Randy L. Taylor, the current COO, will take over as CEO. Under Rumbolz's leadership since February 2016, the company's market capitalization grew from $168 million to around $2 billion. Taylor, who has been with Everi for over a decade, is set to continue driving growth in gaming and financial technology sectors, with an emphasis on core revenue and emerging opportunities like iGaming.
Everi Digital, the online gaming division of Everi Holdings (NYSE: EVRI), announced a partnership with Atlantic Lottery Corporation (ALC) to provide gaming content to ALC’s online casinos. Everi's content will be delivered via its Spark Remote Game Server across New Brunswick and other Canadian provinces. The online casino alc.ca, which offers responsible gambling features, has seen record sales and is expanding rapidly. Everi's gaming catalog includes over 50 titles, such as Atomic Meltdown and El Dorado The Lost City. This partnership enhances Everi's digital presence in Atlantic Canada.
Everi Holdings reported a 25% revenue increase to $168.3 million in Q3 2021, compared to Q3 2019. Operating income more than doubled to $55.1 million, while Adjusted EBITDA rose 40% to $90.6 million. Net income fell to $6.7 million due to $34.4 million in debt extinguishment costs. Free Cash Flow surged to a record $56.3 million. The company raised its full-year revenue guidance to $645-$653 million and maintained a positive outlook for continued growth across its Games and FinTech segments.
Everi Holdings (NYSE: EVRI) has partnered with Shift4 (NYSE: FOUR) to integrate its CashClub Wallet technology with Shift4's payment solutions. This collaboration aims to enhance cashless payments across casinos, improving patrons' digital experience by facilitating funding at gaming devices and retail points. Currently operational in 15 casinos, hosting 32,000 gaming devices, CashClub Wallet is the leading digital wallet in U.S. land-based gaming. Both companies aim to bolster efficiency and convenience in the gaming payment landscape.
Everi Digital, part of Everi Holdings (NYSE: EVRI), has launched its online gaming content in Connecticut, marking its expansion into the state. This launch includes over 20 titles available for online players, including popular games like Cash Machine™ and Double Ruby™. Everi has notably increased its digital gaming presence across several U.S. states and Canadian provinces, now totaling nine. The company aims to enhance player engagement and operational efficiency in the gaming industry.
Everi Holdings has signed a five-year agreement with the Delaware Lottery to introduce its gaming content, launching in late 2021 at three locations: Casino at Delaware Park, Dover Downs Hotel & Casino, and Harrington Raceway & Casino. Nearly 500 gaming units will be installed by early 2022, showcasing 68 game themes, including the award-winning The Vault®. This partnership aims to expand Everi's market presence and enhance player engagement.
Everi Holdings announced it will release its 2021 third quarter results on November 3, 2021, before the market opens. A conference call and webcast will follow at 11:00 a.m. ET that day. Investors can join the call by dialing (201) 689-8471. A replay will be available from 2:00 p.m. ET and can be accessed until November 10, 2021. Everi specializes in gaming technology, financial solutions, and player engagement for land-based and online casinos.
Everi Holdings Inc. (NYSE: EVRI) announced an update on its 2021 financial outlook during the Global Gaming Expo. The company now expects full-year net income to range between $90 million and $95 million, and Adjusted EBITDA to be between $337 million and $342 million. This adjustment reflects a slight increase compared to previous forecasts. Everi continues to invest in innovative gaming and financial technology solutions, positioning itself for growth despite ongoing challenges from the COVID-19 pandemic.
Everi Digital, a division of Everi Holdings (NYSE: EVRI), will unveil its inaugural digital progressive games at G2E 2021 from October 4-7. This launch includes 11 themes for the proprietary Spark Remote Game Server (Spark RGS). The digital gaming catalog has expanded to over 50 titles, with popular games like Crystal Star and Blazin' Gems making their digital debuts. The company has invested in enhancing their gaming solutions since 2018, aiming to capture growth in the iGaming market and improve player engagement across various regions.
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