Everi Holdings, Inc.

Everi Holdings, Inc. provides innovative technology solutions and services to enhance the gaming and entertainment experience across casinos and related venues, focusing on financial technology and digital gaming content. Everi Holdings, Inc. is engaged in providing technology solutions and services specifically for the gaming industry.

Founded in 2015 in Las Vegas, US, the company has executed 4 deals to date. It completed its latest funding round, an Add-on, Public to Private, which raised USD 2,250. 00 mn from IGT's Gaming and Digital Business/Everi. The total amount raised since its inception is USD 225.

00 mn. The founders include Demond Lee, James Rehfisch, and Phil Cooper, while Mike Rumbolz serves as the CEO. Everi Holdings Inc. offers a comprehensive suite of products and services designed to enhance the gaming and entertainment experience across various venues, particularly casinos.

Their core offerings include advanced financial technology solutions, loyalty programs, and a diverse library of gaming content. The company's financial products streamline operations for casino operators, while its digital gaming solutions, delivered via the Spark™ Remote Game Server, provide online operators with a range of high-performing slot games. The BeOn™ platform facilitates customer engagement across the casino floor, catering to a wide client base including casino operators and hospitality venues primarily in North America, with a growing international presence. In 2023, Everi reported a revenue of USD 807.

82 mn and an EBITDA of USD 320. 87 mn. The company generates revenue through a combination of product sales, software licensing, and support services, establishing B2B partnerships primarily with casino operators and hospitality venues. Revenue streams include subscriptions associated with loyalty programs and transaction-based income from its financial services, alongside game licensing agreements with online gaming operators, contributing to Everi's financial stability in the gaming landscape.

Everi Holdings, Inc. is focused on expanding its product offerings and market reach. Upcoming products include enhancements to its gaming content library and updates to its financial technology solutions. The company aims to penetrate new markets, particularly targeting regions outside North America by 2025, leveraging recent funding to support these initiatives.

The funding raised in the latest round will facilitate research and development efforts as well as expansion activities following the public offering in September 2005 for USD 225 mn.