Everi to Demonstrate Industry’s Only Comprehensive Suite of Games and Payments Technology Solutions
National TournEvent of Champions® to Crown $1 Million Winner on Wednesday, September 30
LAS VEGAS, Sept. 24, 2015 (GLOBE NEWSWIRE) — Everi Holdings Inc. (NYSE:EVRI) (“Everi” or the “Company”) will feature the industry’s first and only comprehensive portfolio of gaming entertainment, cash access, and intelligence solutions at the 15th annual Global Gaming Expo (G2E®) in Las Vegas, Nevada at the Sands Expo & Convention Center (Booth #1116) from September 29-October 1, 2015. Demonstrating how Everi “Powers the Casino Floor,” the Company’s featured portfolio on display will include the all-new Core HDX™ for sale gaming cabinet with exclusive gaming content, the award-winning Apex V™ topper, the newest version of TournEvent, Everi’s industry-leading slot tournament system, the full-service CXC 3-in-1 kiosks, Everi Compliance™ solutions, and its CashClub® and CentralCredit™ integrated payments solutions. In addition, Everi will host the national final of the TournEvent of Champions which will conclude on September 30 with one lucky finalist walking away with the $1 million* top prize.
Premiering for the gaming industry at G2E, the Everi brand is born from the promise of possibility, modern, forward thinking and premium. Everi’s new branding and product portfolio reflects the Company’s new direction and position as the casino industry’s only provider of both payments and games solutions. At G2E 2015, the Company will demonstrate its unique position in the industry and the ways it can help casino operators improve their patron experiences as well as their own internal cash handling processes.
Ram V. Chary, President and Chief Executive Officer of Everi, commented, “Our recent rebranding to Everi demonstrates our successful transition to a full-service casino gaming equipment and payments solutions provider focusing on a broad range of opportunities to address customers’ casino floor and technology needs. Since acquiring Multimedia Games shortly after G2E last year, the entire Everi team has been focused on further elevating the entertainment experience of our game studios-designed games and the value added innovation of our comprehensive payments solutions. We are extremely excited to debut the new, bigger Everi to the industry at G2E and believe that our portfolio will demonstrate for attendees the promise and value Everi has to offer.”
Industry-Leading Payments Solutions
Everi will demonstrate at G2E the industry’s most comprehensive portfolio of cash access products and solutions, providing gaming operators with a wealth of options that enable them to efficiently deliver cash to the floor and ultimately deliver a customer-centric gaming entertainment experience.
“Everi is unquestionably the industry’s leading provider of financial transaction, compliance, and intelligence solutions and we believe our product portfolio, when combined with our unique, innovative games on display at G2E, makes us an ideal partner for operators nationwide,” added Mr. Chary.
Everi’s CXC 4.0R and CXC 4.0L full service kiosks, offer extensive cash handling functionality in two distinct footprints. Both deliver powerful marketing peripherals, an intuitive interface, the ability for multiple ticket redemption, easy bill breaking and access to Everi’s patented 3-in-1 Rollover™ technology. Thanks to 3-in-1 Rollover, patrons can easily turn an unsuccessful ATM transaction into a credit card advance or a POS debit card transaction.
JackpotXchange® automates jackpot payments and reduces player and casino personnel wait times. Interfacing directly with the Everi Compliance solution to ensure that operators meet all jurisdictional compliance requirements, JackpotXchange offers two payment options (cash or slot tickets) and allows high rollers to print multiple tickets.
Everi Compliance™ is the gold standard for AML compliance across the gaming industry allowing operators to easily meet Title 31 regulatory requirements. The AML Compliance Solution includes functionality that improves reporting capabilities, provides e-submission of CTRs and SARs, advanced SAR analytics, tracks cash and check transactions and includes chip walk monitoring.
Slot Jackpot Accelerator™ (SJA) is the first mobile jackpot payout processing solution. SJA brings the entire jackpot payout process to winning patrons on the floor and helps those patrons quickly return to their gaming activities. Incident Report Accelerator™ (mobile) and SAR Workflow Accelerator™ facilitate streamlined suspicious activity reporting business processes and workflow management by making incident reporting tools readily available to staff members both on and off the floor.
The next-generation CashClub® from Everi gives operators a single, easy-to-use interface for processing credit/debit card transactions and check warranties. CashClub allows for electronic signature capture and dynamic currency conversion and interfaces directly with the Company’s Everi Compliance solutions to improve compliance with Title 31 requirements. Furthermore, CashClub allows operators to use their existing cage equipment, removing the need for a separate stand-alone terminal.
QuickCash® is designed to be a powerful combination of hardware and software that delivers benefits for both the casino patron and casino operator. QuickCash provides additional cash access opportunities to patrons whose kiosk or ATM transaction is declined by the issuing bank. Rather than walking away empty handed, patrons are directed to pick up the convenient attached phone where they can speak with a representative at Everi’s Call Center who works with the patron and issuing bank to approve the transaction.
As the world’s leading gaming patron credit bureau, Central Credit® provides operators with a single point of access to gaming credit history and transaction data on millions of casino patrons. Using a private data network, casinos looking to extend credit to players can improve their decision making by obtaining Social Security number verification, credit reports and real-time market activity updates.
More Exciting Games and Cabinets than Ever Before
Everi’s showing at G2E 2015 will also feature over 140 games, including more than 70 new unique titles and an all-new gaming cabinet, the Core HDX, representing the Company’s most diverse product lineup at G2E ever and clearly demonstrating the dynamic capabilities of Everi’s game development teams. The Company’s new Core HDX cabinet is sure to attract attention alongside its player-popular Player HD® cabinet which will showcase more than 50 games.
“Our Austin, Reno and Chicago-based game development teams continue to deliver some of the gaming industry’s most unique cabinets and games including our new for-sale Core HDX cabinet which will debut at G2E 2015,” said Mr. Chary. “G2E offers a chance for Everi to demonstrate our existing excellence in creating great gaming products and engaging with customers as we review with them our product roadmap for the creation of a more robust catalog of games we plan to deliver as we continue to execute on our plan to double our game studio development teams over the coming months.”
New Core HDX Gaming Cabinet Expands the Fun
The Company’s newest gaming cabinet, the Core HDX, is a sleek and sophisticated gaming device featuring dual widescreen 23″ monitors with 1080p HD capability, integrated touchscreens and a premium 3-way sound system. The Core HDX includes game-controlled lighting, ergonomic controls and an integrated LCD button panel that for Class II settings includes a mini bingo touchscreen display. The eye-catching cabinet is topped by a custom premium LCD top box with game-controlled lighting and can be fitted with Everi’s award-winning Apex V™ topper which enables the display of synchronized video content across banks of up to sixteen cabinets.
Core HDX supports a content library of 86 existing games and will also feature cabinet-specific titles that will take full advantage of the two large monitors and the cabinet’s other exciting features. Exclusive titles for the new Core HDX platform include Twin Dragon™, Quad Burst Tiger Strike™, Jackpot Inferno™ and Bonus Attack™.
TournEvent Remains the Star of Center Stage
TournEvent, the award-winning solution that has completely reinvented slot tournaments, once again returns to the G2E show floor with an exciting new feature set that adds to the industry-leading product’s proven success. TournEvent version 4.3 features updated graphics, new audio-visual effects and out of revenue titles, themed bonus targets and, most importantly, Money Man® 2.0. New game and system features available through TournEvent 4.3 include cumulative solo scoring, same round buy back, previous round revert and session player assignment reporting.
New Platinum MPX™ Titles
The Company’s premium participation Platinum MPX™ cabinet officially debuted at last year’s G2E and has quickly become a player favorite. The Platinum MPX offers a large 40-inch 1080p high definition LCD display and games designed to take full advantage of the cabinet’s capabilities. Offering a touchscreen, fully-customizable button panel, runway lighting integrated with the game play, and six custom speakers, Platinum MPX returns to G2E 2015 with two exciting new video titles – Smokin’ Hot Dice™ and Her Majesty™.
TournEvent of Champions National Final to Award $1 Million Top Prize
The TournEvent of Champions Tour Bus once again rolls onto the G2E show floor, heralding the phenomenal popularity of Everi’s industry-leading slot tournament solution and the completion of another year of exciting nationwide TournEvent of Champions play. The search for 2015’s best slot tournament player reaches its exciting conclusion on the evening of Wednesday, September 30 at XS in the Wynn/Encore Las Vegas Resort. Over the course of 2015, more than 250,000 entrants at 99 casinos across the country competed in local events to select the 182 finalists who will compete for a share of over $1.4 million in cash prizes, including a $1 million* top prize. As of June 30, 2015, approximately 4,600 TournEvent units are deployed at 305 casinos, delivering unmatched slot floor excitement while providing operators with one-click conversion from in-revenue operation to out-of-revenue tournaments.
*The first place prize of US$1,000,000.00 is payable in periodic payments over 20 years or in a lump sum, present day cash value payment.
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, 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 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.
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.
CONTACT: Media Linda Trinh VP, Marketing & Promotions, Everi 512-334-7627 or firstname.lastname@example.org Investor Relations Richard Land, James Leahy JCIR 212-835-8500 or email@example.com