Everi Holdings Inc.
everi.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2025 10-Q, filed May 12, 2025. Its latest SEC filing is a SCHEDULE 13G/A from Aug 12, 2025.
10-Q for Q1 FY2025, filed May 12, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Sells slot machines, game content and gaming systems to casino operators, and provides financial access, cashless payment and loyalty technology to gaming and hospitality businesses.
10-K for FY2024, filed Mar 3, 2025Everi develops and offers products and services that provide gaming entertainment, improve our customers’ patron engagement, and help our…View ↗
Everi Games provides gaming operators with gaming technology and entertainment products and services, including: (i) gaming machines…View ↗
Everi FinTech provides gaming operators with financial technology products and services, including: (i) financial access and related…View ↗
How Did They Make Money?
For Games, Everi receives recurring fees for leased machines tied to play or a daily rate, and sells gaming equipment and systems. FinTech earns transaction fees for cash access and transfers, and fees from subscription-based marketing services.
10-K for FY2024, filed Mar 3, 2025In connection with our leased gaming equipment, we retain ownership of the machines installed at customer facilities. We receive recurring…View ↗
Gaming equipment and systems revenues are derived from the sale of some combination of: (i) gaming equipment and player terminals; (ii)…View ↗
Depending on several factors, including the patron’s account balance, their credit limit and/or the daily withdrawal limits (which are…View ↗
Funds Transmitted. Everi products are also able to transmit funds to a patron’s external bank account or other approved account from…View ↗
Everi FinTech provides gaming operators with financial technology products and services, including: (i) financial access and related…View ↗
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10-K for FY2024, filed Mar 3, 2025
FY2024 revenue by reportable segment ↗
$757.9M
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10-K for FY2024, filed Mar 4, 2025
$757.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Games
|
50%
FY2021: 57%
|
Games, FY2024
$378.9M Sources
|
|
|
FinTech
Usage-based
10-K for FY2024, filed Mar 3, 2025 |
50%
FY2021: 43%
|
FinTech, FY2024
$379M Sources
|
Usage-based |
Who Were Their Customers?
Everi sells mainly to regulated gaming operators through its direct sales force; some sales go through independent sales organizations. Online gaming businesses offer Everi games to consumers on their platforms.
10-K for FY2024, filed Mar 3, 2025
Did Revenues Turn Into Profits?
Yes. It kept 2 cents of every revenue dollar as net income in FY2024.
10-K for FY2024, filed Mar 4, 2025
How Were They Changing?
10-Q for Q1 FY2025, filed May 12, 2025
Open tableView ↗
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Jul 1, 2025
Apollo-affiliated buyer acquired Everi and IGT Gaming
Everi became a wholly owned subsidiary, and its shares were delisted; the combined business will operate as IGT.
Sources
8-K, filed Jul 1, 2025
On July 1, 2025, pursuant to the terms and conditions of the previously disclosed definitive agreements executed on July 26, 2024 by and…View ↗
Grew. Revenue grew 98% in 4 years, from $383.7M in FY2020 to $757.9M in FY2024, about 19% a year.
Horse-racing slots
Horse-racing slot machines are named in the latest Games description; the older overview describes gaming machines and slot machines without that category.
10-K for FY2021, filed Mar 1, 2022 10-K for FY2024, filed Mar 3, 2025Everi Games primarily provides gaming operators with gaming technology and entertainment products and services, including: (i) gaming…View ↗
Everi Games provides gaming operators with gaming technology and entertainment products and services, including: (i) gaming machines…View ↗
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