PENN ENTERTAINMENT LAUNCHES "PENN Wallet" AT M RESORT SPA CASINO, POWERED BY EVERI'S DIGITAL CASHCLUB WALLET® TECHNOLOGY
Rhea-AI Summary
Everi Holdings (NYSE: EVRI) has announced that its digital CashClub Wallet® technology is now powering PENN Entertainment's "PENN Wallet" at M Resort Spa Casino in Henderson, NV, marking Everi's first mobile wallet installation in Nevada. The integration enables cashless payments throughout the gaming floor via existing loyalty and payment systems.
PENN currently uses CashClub Wallet technology across 22 properties in 11 jurisdictions. The wallet supports multiple funding sources, including PayPal and Apple Pay, through Everi's Banking as a Service (BaaS). CashClub Wallet is currently the most widely adopted land-based digital gaming wallet in the United States, offering frictionless, omni-channel payments to enhance player experience and operational efficiency.
Positive
- First mobile wallet installation in Nevada, expanding market presence
- Wide adoption across 22 PENN properties in 11 jurisdictions
- Integration of popular payment methods like PayPal and Apple Pay
- Most widely adopted land-based digital gaming wallet in the U.S.
Negative
- None.
News Market Reaction
On the day this news was published, EVRI declined 0.21%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Cashless Funding Capability Integrated Throughout Gaming Footprint;
Represents Everi's First Mobile Wallet Installation in
The "PENN Wallet" offers M Resort guests the ability to access cashless payments throughout the gaming floor via integrations with existing loyalty and payments systems. PENN currently utilizes CashClub Wallet technology across 22 properties in 11 jurisdictions.
CashClub Wallet elevates patron engagement with frictionless, omni-channel payments. Everi's industry-leading cashless payments solutions drive additional volume, improve operational efficiencies, and transform the traditional casino cash-centric environment into a modern, seamless experience for an enhanced player journey.
Incorporating more funding sources than ever before, including PayPal and Apple Pay, CashClub Wallet provides diversity in accessing and distributing funds via Everi's Banking as a Service (BaaS). It is the most widely adopted land-based digital gaming wallet in the
"Self-service capabilities are increasingly favored by consumers across all of their spending experiences, and Everi is leading the way in casino player engagement by providing M Resort patrons with convenient, end-to-end mobile funding through our delivery of comprehensive, integrated solutions," said Darren Simmons, Everi's Executive Vice President and FinTech Business Leader. "Our agreement with PENN is enhancing the casino resort experience across the country, as we continue to work together to deploy solutions that streamline the financial access process with new, convenient digital funding options."
About Everi
Everi's mission is to lead the gaming industry through the power of people, imagination, and technology. As one of the largest suppliers of technology solutions for the casino floor that also has an expanding focus in adjacent industries, our commitment is to continually develop products and services that provide gaming entertainment, improve our customers' patron engagement, and help our customers operate their businesses more efficiently. We develop entertaining game content, gaming machines, and gaming systems to serve our land-based, iGaming and bingo operators. Everi is a leading innovator and provider of trusted financial technology solutions that power casino floors, improve casinos' operational efficiencies, and fulfill regulatory compliance requirements. The Company also develops and supplies player loyalty tools and mobile-first applications that drive increased patron engagement for our customers and venues in the casino, sports, entertainment, and hospitality industries. For more information, please visit www.everi.com.
Join Everi on Social Media
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Contacts:
Everi Media Relations
Dona Cassese
VP, Marketing
(702) 556-7133 or dona.cassese@everi.com
Mike Young
Corporate Communications
(702) 518-9179 or mike.young@everi.com
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SOURCE Everi Holdings Inc.
FAQ
What is Everi's CashClub Wallet technology and how does it work at M Resort?
How many properties currently use Everi's CashClub Wallet technology?
What payment methods are supported by Everi's CashClub Wallet?
Why is the M Resort implementation significant for Everi (EVRI)?
