increasingly prominent part<\/a> of the equity thesis, it\u2019s also still in its early innings. The company’s gaming device business is levered to the ongoing recovery in visitation levels at the Las Vegas Strip and regional and tribal casinos, while its fintech operation is tethered to the still-nascent move by operators to cashless gaming.<\/p>\nEveri Expansion<\/h2>\n
With the ecash Holdings and Atlas acquisitions, Everi expands its footprint in Australia, which is one of the most mature and vibrant gaming markets in the world. The ecash buy also plugs some holes in the Everi portfolio and serves and could potentially be an avenue for market expansion.<\/p>\n
\u201cThe acquisition will also provide us with an incremental customer base in certain US and other gaming markets we do not currently serve. Everi has never been better positioned as we continue to successfully execute our strategic growth initiatives,\u201d said Everi President and COO Randy Taylor in the statement.<\/p>\n
Last year, Fitch Ratings estimated 54 percent of Everi\u2019s EBITDA comes from gaming and 46 percent from fintech. The company’s clients include large commercial and tribal operators.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Everi Holdings (NYSE:EVRI) is bolstering its cashless gaming portfolio through the $30.41 million acquisition of ecash Holdings Pty Ltd. ecash Holdings is a privately held, Australia-based developer and provider of cash handling and payment technology for gaming companies in Australia, Asia, Europe and the US. The deal is an addition to Everi’s growing Fintech business. […]<\/p>\n","protected":false},"author":46,"featured_media":200709,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,32093],"tags":[],"acf":[],"yoast_head":"\n
Everi Buying ecash Holdings To Expand Cashless Gaming Menu<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n