Everi tightens profit forecast to top of range

Everi Holdings said it has tightened the outlook for 2021 full year net income and Adjusted EBITDA to the top end of the previously provided range.

The company now expects that 2021 full year net income will be $90 million to $95 million and Adjusted EBITDA will be $337 million to $342 million.

Everi had previously expected 2021 full year net income of $87 million to $95 million and Adjusted EBITDA of $332 million to $342 million.

The updated full year guidance demonstrates meaningful ongoing annual growth compared to 2020 and pre-pandemic 2019 results, even as the current COVID-19 pandemic environment persists, it said.

“Everi’s focus on providing casino operators and players with innovative products as a result of our ongoing investment in the development of new products is a key driver of our growth,” said Michael Rumbolz, Everi Chairman and CEO. “As we execute on our plans that lead to the expected record setting financial results for 2021, we are also establishing an even stronger foundation for continued growth in 2022 and beyond.”

Everi executives at G2E in Las Vegas highlighted some of the group’s latest product offerings and explained how its digital business was a key growth driver.