Recently Initiated Game Trial with Long-Term Payments Solutions Customer; Initial Placements Expected in Early 2016
Las Vegas, NV – September 25, 2015 – Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”) announced today that the Alberta Gaming & Liquor Commission (“AGLC”) has recently approved, and the Company expects to initiate, a live trial of its gaming machines in the province within the coming weeks. This expands the Company’s relationship with the AGLC to now include the placement of electronic gaming machines at casino facilities in the province. Everi has provided a portfolio of payment solutions to Alberta casinos for over 19 years.
Pending the successful completion of this trial, Everi anticipates continued placement of its standard and premium video and mechanical reel gaming machines, with potential expansion to additional facilities within the AGLC network beginning in early 2016. In addition, the Company expects to expand its Payments product placements in Alberta with JackpotXchange, an automated jackpot payment kiosk. JackpotXchange is currently in queue for testing with a live-trial period to follow. The AGLC licenses and oversees 28 casino facilities and racing entertainment centers throughout Alberta.
Edward A. Peters, Executive Vice President, Sales & Marketing of Everi, commented, “The expansion of our relationship with the AGLC to now include our portfolio of gaming products is an important point of progress as we continue to execute on a number of key initiatives. This includes increasing the number of markets in which we are licensed to provide our gaming machines as well as leveraging the deep relationships we have established with long-term cash access customers to cross-market our expanded portfolio of gaming content and payments solutions. The AGLC has been a valued partner and we have mutually benefited from the placement of our payments solutions at facilities across the province. Our entrance into this market for our games business and newly expanded relationship with the AGLC, which will now include a diverse floor-wide portfolio of gaming entertainment and cash access solutions, will deliver new value to our partner while helping us expand our market share.”
Niaz Nejad, Vice President Lottery & Gaming Services of the Alberta Gaming & Liquor Commission, said, “We have enjoyed a strategic partnership with Everi for payment solutions and are pleased to expand this relationship to include a trial of their games as they enter a new jurisdiction. We look forward to building upon our partnership and utilizing Everi’s product suite to further improve the patron experience at casinos in the province as we consider bringing some of Everi’s acclaimed gaming products, including TournEvent, to players in Alberta.”
About the Company
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.
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. In this context, forward-looking statements often address our expected future business 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. Examples of forward-looking statements include statements we make regarding the initiation of a live trial of our gaming machines in Alberta, the continued placement of our standard and premium video and mechanical reel gaming machines, the expansion to additional facilities with the AGLC network in early 2016, and the expansion of the JackpotXchange automated jackpot payment kiosk. 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, 2014 and our Quarterly Report on Form 10-Q for the quarters ended March 31, 2015 and June 30, 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 these assumptions prove to be incorrect, the results contemplated by the forward-looking statements regarding our future results of operations are unlikely to be realized.
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.
512.334.7627 or [email protected]
Richard Land, James Leahy
212-835-8500 or [email protected]