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Everi Enters Seven-Year Strategic Relationship with Churchill Downs Incorporated for Financial Technology Related Services
Prnewswire· 2025-10-08 20:31
Core Insights - Everi has entered a seven-year agreement with Churchill Downs Incorporated (CDI) to provide a range of FinTech solutions, including CashClub® services, across CDI's gaming properties [1][2] - The partnership aims to enhance financial technology capabilities, improve compliance with Title 31, and optimize operational efficiency for CDI [2] - The collaboration builds on existing relationships, leveraging Everi's BeOn™ Venue Platform and IGT's historical horse racing games [2][3] Company Overview - IGT is a leading global provider of gaming, digital, and financial technology solutions, formed from the merger of International Game Technology PLC's Gaming & Digital Business and Everi Holdings Inc. [4] - IGT's offerings include gaming machines, game content, iGaming, sports betting, cash access, and loyalty solutions, aimed at delivering integrated experiences across various environments [4] - Churchill Downs Incorporated has been a key player in entertainment for over 150 years, known for the Kentucky Derby and expanding into live and historical racing, online wagering, and regional casino gaming [5]
T-MOBILE ARENA LAUNCHES DEDICATED VENUE APP, DEVELOPED BY EVERI, TO ENHANCE FAN EXPERIENCE
Prnewswire· 2025-07-22 20:31
Core Insights - T-Mobile Arena has launched a new app in collaboration with Everi, enhancing the fan experience with integrated ticketing and event management features [1][2][3] Company Developments - The T-Mobile Arena App allows users to buy and manage tickets, view event schedules, and explore an interactive venue map, while also enabling in-app marketing and promotions [2][3] - This app launch is part of Everi's strategic expansion into sports and entertainment, following its acquisition of Venuetize in 2023 [3] - Everi's BeOn™ Venue platform is utilized in the app, which also supports the Vegas Golden Knights and Gulfstream Park Racing mobile apps [3][4] Industry Context - T-Mobile Arena, a 20,000-seat venue, hosts over 100 events annually, including major sports and entertainment events, and is home to the Vegas Golden Knights [6][7] - The collaboration between Everi and MGM Resorts International signifies a growth in their relationship from gaming and hospitality to sports and entertainment [3][4]
Apollo Funds Complete Acquisitions of International Game Technology's Gaming & Digital Business and Everi; Combined Enterprise to Operate as IGT
Globenewswire· 2025-07-01 12:50
Core Insights - Apollo has completed the acquisition of International Game Technology PLC's Gaming & Digital Business and Everi Holdings Inc. for approximately $6.3 billion, establishing IGT as a leader in gaming, digital, and financial technology solutions [1][4] Company Overview - The newly formed IGT will be headquartered in Las Vegas and will operate under the IGT name while retaining the Everi brand in select markets [2] - IGT will be organized into three business units: Gaming, Digital, and FinTech, focusing on customer-centric solutions and a collaborative culture [2][6] Leadership and Management - Nick Khin is currently the Interim CEO of IGT and will transition to lead the Gaming business unit after Hector Fernandez assumes the CEO role in Q4 2025 [3][4] Strategic Vision - The merger aims to create a more competitive and agile platform for long-term growth, enhancing IGT's ability to deliver differentiated content and capabilities globally [4][6] - Apollo's support is expected to position IGT to lead the future of gaming with innovative solutions that enhance the player journey [3][4]
Bally's (BALY) - 2020 Q3 - Earnings Call Presentation
2025-05-25 14:13
Company Overview and Strategy - Twin River Worldwide Holdings (TRWH) has evolved from a single property operator in 2013 to operating 10 casino properties across 5 states[16, 18] - TRWH is pursuing a strategy of growth and diversification through strategic and accretive M&A, including pending acquisitions of Bally's Atlantic City, Eldorado Shreveport, and others[11, 14, 61, 63] - TRWH maintains a prudent fiscal policy with total available liquidity of $490 million as of September 30, 2020[16] COVID-19 Impact and Operational Status - TRWH's casino properties were closed due to COVID-19, with reopening dates ranging from May 21, 2020, to June 17, 2020[15] - Current operations are subject to various restrictions, including occupancy limits (e g, 50% of building capacity) and limitations on slot machine usage (e g, 43% of slot units)[15] Financial Performance and Capital Allocation - The company has returned over $265 million of capital back to shareholders since inception through share repurchases and quarterly dividends[153] - TRWH repurchased 2.5 million shares for cash at $2950 per share in Q3 2019[155] - TRWH's regulatory structure in Rhode Island and Delaware results in higher Adjusted EBITDA to cash conversion, with ~86% in 2019 compared to an industry average of ~80%[151] Q3 2020 Financial Results - Revenue for Q3 2020 was $116624 million, compared to $129309 million in Q3 2019[171] - Net income for Q3 2020 was $6723 million, compared to $6999 million in Q3 2019[171] - Adjusted EBITDA for Q3 2020 was $38005 million, compared to $35598 million in Q3 2019[171]
Slotomania Launches "Vegas in PJs," Making Leading Casino Slots Free-to-Play on Mobile and Web
Prnewswire· 2025-05-13 13:00
Group 1: Campaign Overview - Slotomania launched a new 360 campaign titled "Vegas in PJs" on April 29, 2025, which showcases the comfort of playing from home while enjoying IGT's iconic land-based slots [1] - The campaign features a TV spot that highlights players enjoying the gaming experience in their pajamas, emphasizing the blend of comfort and excitement [1] - The commercial includes a real Slotomania player who won a trip to Europe, reinforcing the community engagement aspect of the campaign [1] Group 2: Strategic Partnership - Slotomania's campaign underscores its strategic partnership with IGT, aiming to bring the thrill of real casino slots to mobile and web players [1] - The collaboration focuses on popular IGT titles such as Cleopatra II, Regal Riches, and Wheel of Fortune Lucky Coins On Stage, enhancing the gaming experience for users [1] - This partnership is positioned to strengthen Slotomania's market presence as a leading destination for immersive at-home gaming [1] Group 3: Company Background - Slotomania is recognized as the world's 1 free-to-play slots game, developed by Playtika LTD, a subsidiary of Playtika Holding Corp [2] - The platform offers a wide variety of high-quality slot games with engaging graphics and sound effects, catering to a large community of slot enthusiasts [2] - Playtika, founded in 2010, is a leader in mobile gaming entertainment, known for pioneering free-to-play social games on various platforms [3]
Spin and Win: Slotomania's Virtual Wheel of Fortune Lucky Coins On Stage Social Casino Game Brings Iconic Casino Action to the Free-To-Play Game
Prnewswire· 2025-05-12 13:00
Core Insights - Slotomania, a leading social casino mobile game from Playtika, has launched a new free-to-play slot game called Wheel of Fortune Lucky Coins On Stage, which features 5 reels and 40 paylines, bringing the iconic game show experience to mobile devices [1][3] - The game is part of a marketing campaign that includes a TV spot titled "Vegas in PJs," showcasing the excitement of IGT's land-based slots and featuring a real player who won a trip to Europe [2] - The new game aims to enhance player engagement by combining traditional casino elements with innovative mobile gameplay, appealing to both existing fans and new players [3] Company Overview - Slotomania is recognized as the world's 1 free-to-play slots game, offering a wide variety of high-quality slot games with advanced graphics and sound effects, and a strong community of slot enthusiasts [4] - Playtika Holding Corp., the parent company of Slotomania, is a leader in mobile gaming entertainment, known for pioneering free-to-play social games on various platforms since its founding in 2010 [5]
Reign Supreme with Regal Riches! Slotomania's Latest Virtual Slot Game from IGT
Prnewswire· 2025-03-28 12:00
Group 1 - The new game "Regal Riches" will be launched on March 28, 2025, as part of the partnership between Playtika and IGT, enhancing the Slotomania experience for players [1][2] - Regal Riches is designed to provide an immersive experience with exclusive bonus games, a Wilds meter, and opportunities to win Mega, Major, or Minor Free Games [3] - Slotomania is recognized as the world's 1 free-to-play slots game, featuring a wide variety of high-quality slot games and a large global player community [4][6] Group 2 - Playtika, founded in 2010, is a leader in mobile gaming entertainment and technology, with a mission to entertain through diverse gaming experiences [5] - The company has a strong presence in the market, being the top free-to-play slots game by monthly downloads and active users as of December 31, 2024 [6]