Agreement Includes Sale of 200 TournEvent® Units and Placement of 50 Premium Participation Units across 28 Casino Properties
Las Vegas, NV – May 10, 2016 – Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”) announced today that it has entered into an agreement with the Alberta Gaming & Liquor Commission (the“AGLC”) for the sale of 200 TournEvent® units and the placement of 50 premium participation units across 28 casino properties in the province. The new agreement expands Everi’s partnership with the AGLC to now include both electronic gaming machines (“EGMs”) and payments solutions following the successful completion of a trial of the Company’s EGMs. The Company expects the TournEvent units to go live in facilities across Alberta, Canada by early in the fourth quarter of Everi’s calendar 2016. The premium participation games will be installed over the course of the second and third quarters of Everi’s calendar 2016.
“For over 19 years, Everi has provided facilities in Alberta with a diverse array of payments solutions, and over the last several years, has established a strong partnership with the AGLC,” said Edward A. Peters, Executive Vice President, Sales & Marketing at Everi. “This expansion of our relationship to now include our innovative TournEvent solution and a portfolio of our popular premium participation titles increases our gaming presence in the province. In particular, we are pleased that TournEvent will be featured at facilities in the province as this award-winning slot tournament solution has a multi-year track record of raising the bar of engagement and entertainment in gaming facilities.”
“Everi has been a great payments solution partner and is now a valued partner for gaming entertainment solutions,” said Niaz Nejad, Vice President, Lottery & Gaming Services of the Alberta Gaming & Liquor Commission. “We were extremely pleased with how well guests responded to Everi’s games during our trial and are excited to expand that. TournEvent provides unique levels of engagement that we believe will create a lot of excitement throughout the province. We look forward to building on the success of our partnership with Everi and benefiting from the value they offer as a leading provider of both games and payments solutions.”
Everi is dedicated to providing video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions and compliance and efficiency software. Everi Games 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. Everi Payments 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.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements often address our expected future business, plans, objectives and financial performance, and often contain words such as “goal,” “target,” “future,” “estimate,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “project,” “may,” “should,” or “will” and similar expressions to identify forward-looking statements. These forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those projected or assumed, including, but not limited to, the risks identified in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business” sections of our Annual Report on Form 10-K for the fiscal year ended December 31, 2015, as applicable, and the other risks identified from time to time in our other press releases, reports and filings with the SEC. If any of our projections or assumptions prove to be incorrect, our actual results and the timing of certain events could differ materially from the forward-looking statements.
These cautionary statements qualify our forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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Richard Land, James Leahy
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