Everi Holdings is dedicated to providing video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions and compliance and efficiency software.The Company’s Games business provides: (a) comprehensive content, electronic gaming units and systems for Native American and commercial casinos, including the award winning TournEvent® slot tournament solution; and (b) the central determinant system for the video lottery terminals installed at racetracks in the State of New York.The Company’s Payments business provides: (a) access to cash at gaming facilities via Automated Teller Machine cash withdrawals, credit card cash access transactions, point of sale debit card transactions, and check verification and warranty services; (b) fully integrated gaming industry kiosks that provide cash access and related services; (c) products and services that improve credit decision making, automate cashier operations and enhance patron marketing activities for gaming establishments; (d) compliance, audit and data solutions; and (e) online payment processing solutions for gaming operators in states that offer intrastate, Internet-based gaming and lottery activities.
Despite a seemingly rapid shift towards digital payments methods outside of the casino industry, cash is not going anywhere.
Everi Holdings Inc swung to a net loss of $13.5 million in the three months ended March 31, 2020, due mainly to March casino closures caused by the coronavirus pandemic. In 19Q1, the company reported a net income of $5.9 million. First-quarter revenue fell 8.5 percent year-on-year to $113.3 million, down from $123.8 million in […]
Everi Holdings has announced a number of executive management changes that are set to come to effect in April 2020. According to a press release from Everi Holdings, Mark F. Labay has been appointed as executive vice president, chief financial officer, and treasurer of the company. Mr. Labay will succeed Randy L. Taylor, who has […]
Everi Holdings achieved record revenues in the 2019 calendar year, due to growth across its games, FinTech and play loyalty businesses. Said revenue rose 14 percent to $533.2 million. The result also brought net income to increase 33 percent year-on-year, reaching $16.5 million. Michael Rumbolz, President and Chief Executive Officer of Everi, said the strong […]
Everi Holdings logged its 13th consecutive quarter of year-on-year growth in 19Q3, attributed to the company’s product development initiatives and operating strategies. The company is a single-source provider of gaming products, financial technology and loyalty solutions. According to the company’s results filing, total revenue increase 12 percent in the quarter to a record $134.6 million, […]
A proven market leader in the gaming space, Everi remains deeply committed to understanding its casino partners’ needs in this rapidly evolving industry and continues to make significant investments to address these needs. These investments are aimed at making further enhancements to Everi’s leading financial technology solutions to help operators increase performance and efficiency at […]
The American Gaming Equipment Manufacturers Index recorded its 30th monthly year-on-year gain in March, though was down slightly from the prior month. The composite index is up 36.8 percent since March last year, though compared with February 2018, the index fell 1.62 percent to 505.15 points. Seven of the 12 global gaming equipment companies saw […]
Everi Payments’ G2E display will feature innovative cash access solutions that provide players with new options for managing their funds on the gaming floor, critical cash handling solutions that increase cage and enterprise efficiency, and data-driven solutions that promote insights into customer behavior. At G2E 2017, Everi Payments will feature CXC 5.0 and CXC 5.0 […]
International Game Technology PLC (IGT) announced that it has reached a patent cross-licensing agreement with Everi Games Holding Inc., manufacturer of electronic gaming machines and gaming payment solutions. Under the agreement, Everi can offer games that include any of the patented game features from the IGT portfolio, and will pay licensing fees to IGT. “We […]
Everi will be showcasing a variety of payments solutions at G2E. Everi understands gaming operators have a strong desire to allow their gaming customers access to their funds more freely, and with lower overhead to the operator. Everi’s CashClub Wallet allows gaming customers to store and manage their payment methods, hold their funds, easily move […]
Everi Holdings Inc., the casino gaming industry’s single source provider of gaming products and payments solutions announced it has entered into a content integration and technology license agreement with Spin Games LLC, the premier provider of innovative content and smart solution HTML5 technology to interactive and social gaming operators. Pursuant to the new partnership, Spin […]
U.S.-based Everi Holdings Inc. reported a loss of $86.6 million for the three months to Dec. 31, 2015, up 34.4 percent from the prior-year period. The company reported its fourth quarter results on Tuesday, which included the financial report of two divisions, one covering the original cash processing technology business, the other the multimedia games’ […]
The Association of Gaming Equipment Manufacturers’ monthly AGEM Index gained for the first time in two months in October with a gain of 5.5 percent year on year. Compared with September, the index was up 7.6 percent. In October, eight of the 13 global gaming equipment manufacturers reported month-to-month gains in stock price, with […]
Everi Holdings reported earnings per share of $0.23 for the three months ended September 30, beating the consensus estimate of $0.18. Everi, which completed the acquisition of Multimedia Games Holding Company by way of a merger in December 2014, earned $208.70 million during the quarter, compared to the consensus estimate of $204.99 million. The company’s […]
Global Cash Access Holdings , a slot machine and financial solutions provider, has launched as Everi Holdings after the company’s management rang the bell at the NYSE. The company’s new Everi brand signifies the company’s new direction, said its CEO. “We’re excited to launch our organization’s rebranding initiative, including a new corporate name and logo, as we […]
With Macau continuing to haemorrhage VIP gamblers, there has never been a greater onus on operators in the special administrative region to latch on to the relative predictability afforded by the premium and mass markets.
Casinos across Asia must find a way to balance innovative new payment solutions with a labyrinth of multi-jurisdictional AML, compliance and responsible gaming requirements, according to a number of industry insiders. One supplier told AGB on condition of anonymity that innovation in the payments space "remains a thorny issue", adding that while operators don’t want to lose customers, the need to adhere to strict AML requirements tends to take precedence.