{"id":197666,"date":"2022-01-11T09:31:16","date_gmt":"2022-01-11T17:31:16","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=197666"},"modified":"2022-01-11T13:29:07","modified_gmt":"2022-01-11T21:29:07","slug":"everi-boosts-slot-content-offerings-in-atlas-asset-deal","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/everi-boosts-slot-content-offerings-in-atlas-asset-deal\/","title":{"rendered":"Everi Boosting Game Content Portfolio in Atlas Gaming Deal"},"content":{"rendered":"

Gaming device manufacturer Everi Holdings (NYSE:EVRI) is ramping up its content library, announcing today it’s purchasing certain assets from Australia-based Atlas Gaming.<\/p>\n

\"Everi
Everi staff ring the bell at the New York Stock Exchange in 2015. The company is acquiring content assets from Australia’s Atlas. (Image: Everi)<\/figcaption><\/figure>\n

Atlas is a producer and provider of proprietary gaming content and products. Las Vegas-based Everi is acquiring select development technology and intellectual property assets from the seller.<\/p>\n

Financial terms of the deal transaction weren’t disclosed, but B. Riley analyst David Bain estimates the buyer is paying in the \u201cmid-single-digit million-dollar range.\u201d The transaction is slated to close over the next 60 days.<\/p>\n

The acquisition of the Atlas assets complements Everi\u2019s existing game development studios and portfolio of games while providing a pathway for future expansion into new international markets,\u201d<\/strong> according to a statement issued by Everi.<\/p><\/blockquote>\n

The transaction gives Everi a foothold in Australia — the second-largest slot market in the world after North America.<\/p>\n

Good Timing for Everi<\/h2>\n

For any slot machine manufacturer, it’s always prudent to bolster content libraries and keep games fresh. But in the case of Everi buying the Atlas assets, the transaction could prove particularly well-timed, because slot demand is forecast to accelerate this year.<\/p>\n

\n

Bain estimates north of 15,000 slot replacement units<\/a> will be sold this year, creating approximately $255 million in sales and $107 million in earnings before interest, taxes, depreciation and amortization (EBITDA). Additionally, new casinos opening and venue expansions could drive purchases of about 7,000 gaming devices this year.<\/p>\n<\/div>\n

Everi’s announcement of the Atlas deal arrives as casino operators are focusing more on the gaming floor following the coronavirus pandemic. With that, there’s renewed emphasis on higher-margin slot machines. Regional casino operators are expected to be dedicated buyers<\/a> of new devices this year, because it was gaming amenities that helped those venues rebound from COVID-19.<\/p>\n

\u201cThis transaction strengthens Everi\u2019s development capabilities and will further bolster the future expansion and differentiation of our gaming products,\u201d <\/strong>said Everi EVP Dean Ehrlich in the statement.<\/p>\n

Long-Term Win<\/h2>\n

The Atlas transaction isn’t likely to be accretive to Everi earnings this year. But it could be a catalyst for growth as soon as 2023. Moving into Australia, which is home to 200,000 slot machines, puts Everi front-and-center in terms of competing with some well-known manufacturers. But the move could pay off over the <\/a>long term.<\/p>\n

\u201cMajor players in Australia are Aristocrat (market share leader, by far), followed by SGMS. Notably, both Aristocrat and SGMS stock valuations are at several turns above EVRI,\u201d said B. Riley’s Bain. \u201cThe content design and Australia base could also lead to EVRI slot penetration in Asia, in our view, though Australia will likely remain EVRI\u2019s core international expansion effort for some time.\u201d<\/p>\n

The analyst adds Everi is already gaining market share in the US, and the Atlas purchase adds diversification to the buyer’s US-only studio roster. He rates the stock a \u201cbuy,\u201d with a $40 price target, or almost double where it closed on Jan. 10.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Gaming device manufacturer Everi Holdings (NYSE:EVRI) is ramping up its content library, announcing today it’s purchasing certain assets from Australia-based Atlas Gaming. Atlas is a producer and provider of proprietary gaming content and products. Las Vegas-based Everi is acquiring select development technology and intellectual property assets from the seller. Financial terms of the deal transaction […]<\/p>\n","protected":false},"author":46,"featured_media":197667,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,69293],"tags":[],"acf":[],"yoast_head":"\nEveri Boosts Slot Content Offerings In Atlas Asset Deal<\/title>\n<meta name=\"description\" content=\"Everi is expanding its slot gaming portfolio in a transaction with Australia's Atlas Gaming.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Everi Boosts Slot Content Offerings In Atlas Asset Deal\" \/>\n<meta property=\"og:description\" content=\"Everi is expanding its slot gaming portfolio in a transaction with Australia's Atlas Gaming.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/everi-boosts-slot-content-offerings-in-atlas-asset-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-11T17:31:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-11T21:29:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/everi2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1180\" \/>\n\t<meta property=\"og:image:height\" content=\"787\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/everi-boosts-slot-content-offerings-in-atlas-asset-deal\/\",\"url\":\"https:\/\/www.casino.org\/news\/everi-boosts-slot-content-offerings-in-atlas-asset-deal\/\",\"name\":\"Everi Boosts Slot Content Offerings In Atlas Asset Deal\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/everi-boosts-slot-content-offerings-in-atlas-asset-deal\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/everi-boosts-slot-content-offerings-in-atlas-asset-deal\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/everi2.jpg\",\"datePublished\":\"2022-01-11T17:31:16+00:00\",\"dateModified\":\"2022-01-11T21:29:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Everi is expanding its slot gaming portfolio in a transaction with Australia's Atlas Gaming.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/everi-boosts-slot-content-offerings-in-atlas-asset-deal\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/everi-boosts-slot-content-offerings-in-atlas-asset-deal\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/everi-boosts-slot-content-offerings-in-atlas-asset-deal\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/everi2.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/everi2.jpg\",\"width\":1180,\"height\":787,\"caption\":\"Everi staff ring the bell at the New York Stock Exchange in 2015. The company is acquiring content assets from Australia's Atlas. (Image: Everi)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/everi-boosts-slot-content-offerings-in-atlas-asset-deal\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial\",\"item\":\"https:\/\/www.casino.org\/news\/financial\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Everi Boosting Game Content Portfolio in Atlas Gaming Deal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Everi Boosts Slot Content Offerings In Atlas Asset Deal","description":"Everi is expanding its slot gaming portfolio in a transaction with Australia's Atlas Gaming.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Everi Boosts Slot Content Offerings In Atlas Asset Deal","og_description":"Everi is expanding its slot gaming portfolio in a transaction with Australia's Atlas Gaming.","og_url":"https:\/\/www.casino.org\/news\/everi-boosts-slot-content-offerings-in-atlas-asset-deal\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2022-01-11T17:31:16+00:00","article_modified_time":"2022-01-11T21:29:07+00:00","og_image":[{"width":1180,"height":787,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/everi2.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/everi-boosts-slot-content-offerings-in-atlas-asset-deal\/","url":"https:\/\/www.casino.org\/news\/everi-boosts-slot-content-offerings-in-atlas-asset-deal\/","name":"Everi Boosts Slot Content Offerings In Atlas Asset Deal","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/everi-boosts-slot-content-offerings-in-atlas-asset-deal\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/everi-boosts-slot-content-offerings-in-atlas-asset-deal\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/everi2.jpg","datePublished":"2022-01-11T17:31:16+00:00","dateModified":"2022-01-11T21:29:07+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Everi is expanding its slot gaming portfolio in a transaction with Australia's Atlas Gaming.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/everi-boosts-slot-content-offerings-in-atlas-asset-deal\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/everi-boosts-slot-content-offerings-in-atlas-asset-deal\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/everi-boosts-slot-content-offerings-in-atlas-asset-deal\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/everi2.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/everi2.jpg","width":1180,"height":787,"caption":"Everi staff ring the bell at the New York Stock Exchange in 2015. The company is acquiring content assets from Australia's Atlas. (Image: Everi)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/everi-boosts-slot-content-offerings-in-atlas-asset-deal\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Financial","item":"https:\/\/www.casino.org\/news\/financial\/"},{"@type":"ListItem","position":3,"name":"Everi Boosting Game Content Portfolio in Atlas Gaming Deal"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/197666"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=197666"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/197666\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/197667"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=197666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=197666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=197666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}