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 (NYSE: EVRI) announced its agreement to acquire certain strategic assets from Atlas Gaming Pty Ltd, a developer of gaming content based in Australia. The transaction, estimated to close within 60 days, includes game development technology and intellectual property. This acquisition is expected to enhance Everi's existing game development capabilities and facilitate expansion into new international markets, particularly Australia. Everi will finance the acquisition using existing cash reserves, and key members of Atlas's development team will join Everi following the transaction.
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.
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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.