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Legal
October 4, 2024
Koin Secures Initial Victory in Everi Federal Lawsuit
A lawsuit between two technology companies that power the gambling sector with cashless solutions recently picked up speed. Earlier this year, Koin Mobile, a company providing cashless solutions, filed a lawsuit against its rival, Everi, a recognizable technology and solutions provider that operates in the same vertical, alleging digital wallet infringement. Koin Will Continue Its […]
Legal
September 30, 2024
Shareholder Lawsuit May Derail Apollo-Everi Acquisition
Dan Clancy, a shareholder of Everi Holdings, on Wednesday, 25 September, filed a suit to block the proposed $6.3 billion deal by Apollo Global Management to acquire the company. The lawsuit accuses Everi’s board of directors of violating securities laws by submitting a misleading and incomplete proxy statement regarding the deal. The Deal Has Significant […]
Business
August 29, 2024
Deutsche Bank Leads $4.3B Deal for Apollo’s Acquisition of Everi and PLC-IGT
Deutsche Bank AG is leading a $4.325 billion bond-and-loan offering to finance Apollo Global Management Inc.’s ambitious buyout of two big casino equipment suppliers. The deal represents one of the most pivotal mergers and acquisition moves in the gaming landscape this year, a sector where such high-profile deals are a rarity. Everi and PLC-IGT Will […]
Business
July 26, 2024
Apollo Funds to Acquire IGT Gaming & Everi Holdings in Historic Deal
Apollo Funds, a newly formed holding subsidiary of Apollo Global Management, has set out to acquire International Game Technology’s IGT Gaming & Digital business and Everi Holdings in a historic arrangement. The transaction values the two companies at approximately $6.3 billion. This deal comes after an earlier agreement between IGT and Everi that saw the […]
Legal
July 10, 2024
Everi Asks Court To Dismiss Anticompetitive Lawsuit Filed by Koin
This spring, two technology companies offering cashless solutions to the gambling sector, entered into a legal battle against each other. Everi, the leading provider of solutions and technology, powering iGaming and land-based operators, was accused by one of its rivals, Koin Mobile, of anticompetitive behavior. Moreover, Koin alleged that Everi seeks to establish a monopoly […]
Industry
May 1, 2024
DraftKings & Everi Appear on Energage’s Top Workplaces List
DraftKings and Everi, among other gaming companies, have appeared on Energage’s Top Workplaces USA 2024 list, highlighting the companies’ commitment to ensuring the well-being of their employees. The Top Workplaces award celebrates companies that prioritize people-centered culture and give their employees a voice. The list is based entirely on employee feedback. Everi, a Las Vegas-based […]
Legal
April 23, 2024
Koin Files Lawsuit against Everi, Alleging Digital Wallet Infringement
The leading provider of technology and solutions, powering land-based and online gambling operators across the globe, Everi, was named as a defendant in a new lawsuit filed by Koin Mobile, a rival company within the cashless solutions vertical. In its lawsuit, Koin, which was founded in 2021, outlines that Everi currently holds a significant share […]
Business
April 8, 2024
B Riley Securities Confirms Neutral Rating for Everi
Recently, Everi announced a groundbreaking transformative merger with International Game Technology (IGT). The strategic business combination, valued at approximately $6.2 billion, is expected to see Everi merge with IGT’s Global Gaming and PlayDigital businesses, creating a new dynamic global gaming and fintech company that is expected to revolutionize the sector. Keeping in might the upcoming […]
Business
March 20, 2024
Everi Holdings Supplies AML Tech to Great Canadian
Everi Holdings, a leading provider of gaming content and products, bingo, loyalty programs and fintech solutions to the land-based and digital gambling industries, has unveiled a new major partnership. As announced by the company, it has been selected to supply Great Canadian Entertainment with its cutting-edge AML technology. Under the newly announced deal, Everi will […]
Business
March 5, 2024
IGT and Everi Take Action to Ease Investor Concerns Amid Merger Uncertainty
In the wake of the recent announcement regarding their proposed merger, executives from IGT and Everi have taken steps to allay investor concerns surrounding regulatory hurdles. IGT and Everi’s Merger Plans Face Scrutiny Last week, IGT unveiled plans to spin off its land-based and digital businesses, which would then merge with Everi Holdings in a […]
