Everi to Provide New York Lottery With Video Lottery Gaming Central System Through 2029
15 January 2020 - 12:30AM
Everi Holdings Inc. (NYSE:EVRI) (“Everi” or “the Company”)
announced today that it has extended its relationship with the New
York Lottery for 10 additional years, pursuant to a new agreement
to provide the New York Lottery with the video lottery central
system through September 2029. Everi’s central system
currently monitors and administers more than 17,000 Video Lottery
Terminals (“VLTs”) installed at nine facilities across New York
State. The Company will continue to earn a fixed percentage
of the net revenue generated by the installed VLTs.
Robert Williams, Executive Director of the New York State Gaming
Commission, said, “During the nearly 16 years that video lottery
gaming has operated at racetracks across the State, the Commission
has offered innovative gaming entertainment to players, which has
provided a consistent source of funding for education in New York
and distributed more than $250 billion in prizes. Through the
management of their central system, Everi has been a contributor to
that success as a valued technological partner. We are looking
forward to continuing our collaboration with the company for the
next 10 years.”
Michael Rumbolz, President and Chief Executive Officer of Everi,
commented, “We are honored to be selected by New York State to
continue to support the success of their video lottery gaming
enterprise. With more than 150 billion individual player
transactions made since beginning the operation of the central
system for video lottery gaming across racetracks in the State
nearly 16 years ago, we remain committed to providing a
state-of-the-art system that helps make management of the New York
VLTs seamless and secure. We are pleased the New York Lottery has
once again made Everi their choice to help them achieve ongoing
success from these operations during the next decade.”
“Securing this contract extension with the State of New York
would not have been possible without the significant contributions
of a number of organizations within Everi throughout the
competitive bid process,” said Keith Riggs, Senior Vice President,
Engineering, at Everi. “We are proud to have been awarded the
contract and to have the opportunity to continue to put forth a
trusted and reliable platform that serves as an important source of
revenue for New York State. We believe this win is a testament to
our innovative video lottery gaming central system.”
About Everi HoldingsEveri is a
leading supplier of imaginative entertainment and trusted
technology solutions for the casino, interactive and gaming
industry. With a focus on both customers and players, the Company
develops entertaining games and gaming machines, gaming systems and
services, and is the preeminent and most comprehensive provider of
core financial products and services, player loyalty tools and
applications, and intelligence and regulatory compliance solutions.
Everi’s mission is to provide casino operators with games that
facilitate memorable player experiences, offer seamless and secure
financial transactions for casinos and their patrons, deliver
self-service equipment, and software tools and applications to
improve casino operations efficiencies and fulfill regulatory
compliance requirements. Everi provides these products and services
in its effort to help make customers successful. For more
information, please visit www.everi.com, which is updated regularly
with financial and other information about the
Company.
Contacts:Investor
RelationsEveri Holdings Inc.William PfundVP, Investor
Relations702-676-9513 or william.pfund@everi.com
JCIRRichard Land, James Leahy212-835-8500 or
evri@jcir.com
Media RelationsEveri Games Holding Inc. Lee
HigginsMarketing Communications Specialist(512)
334-7579lee.higgins@everi.com
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