The shift comes as IGT restructures to become a lottery-only business. As part of that strategy, Voyager Parent, LLC, an affiliate of Apollo Global Management, will simultaneously acquire Everi and IGT’s two other divisions to create a new private company.

IGT expects the transaction to close by July 1, 2025.

Brightstar to Emerge as a Standalone Lottery Company

Upon the closing of the Voyager acquisition, IGT’s legal name will change to Brightstar Lottery Plc, registered in the UK. Its ordinary shares will begin trading on the New York Stock Exchange under the ticker symbol BRSL. The company projects that it will commence BRSL around July 2.

Vince Sadusky, Brightstar’s CEO, emphasized the company’s nearly 50-year legacy of dependable innovation. He says that will serve as the foundation for a “future-forward” Brightstar that will help lottery clients navigate digital adoption, evolving player expectations, and broader gaming options.

Executive Chair Marco Sala added: “Brightstar will be well-positioned to focus on driving innovation and growing the potential of the lottery business responsibly for the entertainment of players, the success of our customers, and the support of the good causes they fund in their communities.”

Brightstar Lottery will continue to serve about 90 lotteries across six continents, including seven of the world’s largest lotteries. In the US, Brightstar will serve 26 of the 46 state lotteries. That includes several online lotteries such as in Connecticut, Kentucky, and Rhode Island.

IGT and Everi Merger Creates Slot Manufacturing Powerhouse

In the spring of 2024, IGT announced that it would become solely a lottery company. That plan included spinning off its PlayDigital and Global Gaming divisions through a merger with Everi. Under the original terms, IGT shareholders would own 54% of the combined company, while Everi’s stockholders would own 46%.

However, that was unappealing to some investors amid potential regulatory concerns. Then, after revisions, Apollo, through its affiliates, created Voyager to serve as the parent company for both businesses. IGT and Everi investors approved the new formula.

Under the new structure, the newly formed company will become private, with shareholders receiving a cash payout. Once the transaction closes, the new private company will combine two of the largest slot manufacturers.

Some of IGT’s most popular slots include the Wheel of Fortune series, Cleopatra, Double Diamond, Wolf Run, and Lucky Larry’s Lobstermania.

Meanwhile, Everi is renowned for its classic stepper slots, which are popular in retail casinos. The company also creates digital versions of some of these games, such as Cash Machine and Black Diamond.

Combining all these titles under one roof will give the new company an advantage, as it will enhance its value and image among operators.

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Association of Gaming Equipment Manufacturers

David Lucchese, executive vice president of sales, marketing and digital of Everi Holdings, has been named as the president of the Association of Gaming Equipment Manufacturers.

The Las Vegas non-profit international trade association, which represents manufacturers and suppliers of electronic gaming devices, lotteries, systems, table games, welcome Lucchese on a two-year term which began on January 12, 2021.

Stating the he is looking “forward to working with the entire AGEM leadership team and our member companies,” Lucchese is focused on ensuring that the voices of AGEM’s worldwide members are heard on important political, regulatory, problem gambling and other matters

“AGEM is very pleased to welcome David Lucchese as our president for the next two years,” said Marcus Prater, executive director of AGEM. “His vast experience and deep understanding of the issues facing gaming suppliers will serve him well as we navigate a difficult path brought on by the pandemic.

“We will forge ahead under his leadership and the overall gaming industry will emerge from this in a better position by working together to promote a spirit of cooperation championed by Dave, the AGEM Officers, and our member companies.”

Kaizen Gaming

Kaizen Gaming has named Claus Jansson as head of affiliate marketing and media buying, with the group focused on a strategic approach for local and international growth.

Jansson’s primary responsibility will be overseeing the firm’s strategic local and international expansion plans for its flagship Betano and Stoiximan brands, and will report directly to company CMO Panos Konstantopoulos.

Κonstantopoulos stated: “We are very pleased to welcome Claus to Kaizen Gaming family and highly confident that he has the full potential to thrive in communicating the company’s great dynamics and values, while developing new, innovative ideas.

“His expertise and extensive experience in our industry offers great value to our company and could be no less than a testament of our growth; we are looking forward to further enhancing our Affiliate Marketing strategic positioning across all markets of operation under his guidance.”

FanDuel 

FanDuel Group has appointed Andrew Sneyd as senior vice president of brand, bringing more than 20 years of global marketing experience, specifically in the Fortune 100 consumer packaged goods and technology sector.

He will take ownership of creative and brand strategy, consumer insight, product marketing, team and league marketing, press relations, integrated campaigning, and creative operations. He will report to FanDuel Group CMO Mike Raffensperger, effective immediately.

“We are amidst a pivotal moment in history where, as a brand, we have the opportunity to make a true impact both for our customers and industry at large,” noted Raffensperger.

“Andrew’s expertise with iconic brands will be invaluable as we continue to drive transformational impact and give sports fans the best experience possible.”

Bragg Gaming Group

Bragg Gaming Group has confirmed the appointment of former Ontario Lottery and Gaming Corp chair Paul Godfrey to its board of directors with immediate effect.

According to the firm, Godfrey’s experience in the Canadian gaming industry will prove valuable as the government moves forward with its recently announced proposed federal legalization of single-event sports betting. He will guide Bragg’s strategy in this evolving market.

Adam Arviv, CEO of Bragg, commented: “Paul’s extensive experience in the media, gaming and sports worlds will be invaluable as we move forward with our rapid growth plans. We’re extremely pleased to have him join the championship team that we’re building and look forward to his guidance.”

Sazka Group

Justin King CBE has become the latest British business figurehead to join Sazka Group’s bid to ‘refresh and revitalise’ the National Lottery.

The former Sainsbury’s CEO will sit on the company’s ‘advisory board’ to provide counsel to Sir Keith Mills’ bid team, which is competing to win the government’s fourth National Lottery tender.

King will play a pivotal role in developing Sazka’s business strategy on how a revamped National Lottery can recover from the unprecedented COVID impacts.

Mill explained: “Justin King is one of the UK’s leading experts in the retail sector. He has a track record of turning around businesses, which will only strengthen our efforts to make the British public fall back in love with the National Lottery.

“With Justin on board, we will present a plan that modernises retail channels to ensure that not a single National Lottery player or retailer is left behind.

“Justin’s experience will also be of huge benefit for our transition plans which must be submitted to the Gambling Commission as part of our bid. Over the next few weeks, I look forward to welcoming more experts to our team, who will help us to share our vision for the National Lottery as the fourth licence competition progresses.”

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Ontario Lottery and Gaming Corporation

A new president and CEO is being sought by the Ontario Lottery and Gaming Corporation, after Stephen Rigby advised the board of directors that he is to depart the role after five years at the helm.

Rigby is to remain at OLG until the summer when a new CEO is confirmed, working with the new leadership to ensure a smooth transition.

“The board of directors thanks Stephen for his outstanding service as the president and chief executive officer of OLG. During that time, OLG has delivered unprecedented value to the Province.

“OLG’s returns have grown from $1.7bn in 2015 to nearly $2.5bn and are on track to attain over $3.0bn by 2022-23. This growth reflects a healthy and thriving land-based gaming, lottery and digital business.” – Peter Deeb, OLG chair.

Intralot

Lottery technology supplier Intralot has announced the appointment of Christos Dimitriadis as the group’s new CEO following a board decision that will see current incumbent Sokratis Kokkalis step down from the role.

In addition to his new job as group CEO, Dimitriadis has also been elected to replace Dimitrios Klonis as the executive member of the board of directors, with the former CEO Kokkalis remaining as executive chairman.

“I would like to thank the Founder of Intralot and Chairman of the BoD Mr S Kokkalis for the opportunity that he offers me to contribute from the position of the Group CEO. This is an honour and great responsibility.

“Intralot is a company with a great history and a promising future. We export technology, products, and services globally. We are proud of our subsidiaries that serve our customers and compose the multinational nature of our company.” – Dimitriadis.

Catena Media 

Peter Messner as been confirmed as the new group CFO of Catena Media, beginning his employment on April 1, 2020 when he will also be part of the company’s executive management.

Messner succeeds Erik Edeen, who as interim group CFO is said to be have “rebuilt and transformed the company’s entire financial structure”. Edeen will continue to support the company in strategic projects for the foreseeable future.

“With a well-functioning financial infrastructure in place, due to Erik’s contributions,
our playing field is now ready to welcome Peter as CFO. His wide-ranging experience
in key online media and gaming industries will fortify Catena Media’s operations in the
years to come.” – Per Hellberg, CEO of Catena Media.

Everi Holdings 

Everi has confirmed that appointment of Randy Taylor to the newly created position of president and chief operating officer, with Mark Labay appointed as successor in the executive vice president, chief financial officer and treasurer roles.

Furthermore, David Lucchese will assume the role of executive vice president of sales, marketing and digital, succeeding Edward Peters who has informed the company of his plans to retire following a 37-year professional career. The appointments are to be effective from April 1, 2020.

The Company has also announced that the board of directors has extended Michael Rumbolz employment agreement as CEO for an additional 14 months through to March 31, 2022.

“These changes to the executive management team fortify our leadership capabilities and are the result of our organisational development and succession planning initiatives. The appointments recognise the significant contributions Randy, Mark and Dave have made to Everi’s success, their broad expertise and their ability to successfully execute on new opportunities and to resolve challenges effectively and efficiently.

“Under Mike’s leadership, Everi has distinguished itself in recent years with its success and strong operating performance, while creating and fostering a culture that emphasises innovation and collaboration, elements that have become an integral foundation of our growth.

“These leadership changes will help facilitate our ongoing performance momentum and success in delivering future profitable growth.” – Miles Kilburn, chairman of the board of Everi.

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Apollo Global’s deal for Everi and IGT’s Gaming & Digital business has been in place since July earlier this year, with it covering a previous merger agreement in place between Everi and IGT.

At a recent stockholders’ special meeting, the casino gaming content and products provider noted that “approximately 99.88% of the shares voted were voted in favour of the merger, which represented approximately 71.48% of the total outstanding shares of Everi common stock as of October 3, 2024, the record date for the Special Meeting”.

Everi stated that per the terms of the merger agreement, stockholders will “receive $14.25 per share in cash for every share of Everi common stock they own immediately prior to the effective time of the merger”.

“We are pleased that our stockholders supported our transaction with the Apollo Funds,” commented Michael Rumbolz, Chair of Everi’s Board of Directors. 

“We now shift our focus to the important next steps toward completing the transaction and maximising value for Everi stockholders.”

In line with what IGT said earlier this week alongside its third-quarter financials, Everi said that the proposed transaction is expected to close by the end of Q3 2025, assuming a timely satisfaction of necessary closing conditions.

At the time of Apollo’s initial acquisition announcement in July, Daniel Cohen, Partner at Apollo, stated: “We are excited to reach this agreement with IGT and Everi, which establishes a leading, diversified solutions provider that is well positioned across the entire gaming ecosystem. As an active investor in the gaming and leisure sector for many years, we have long admired both companies and their highly talented teams. 

“We strongly believe in the value proposition of the combination and are confident these complementary gaming platforms will be even better positioned under private ownership to capture the opportunities ahead to grow and create value. We look forward to working in partnership with all the people at IGT Gaming and Everi to propel the combined enterprise forward.”

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Through the deal, the supplier’s Everi Compliance AML solution will be provided to Great Canadian’s Casino New Brunswick and Casino Nova Scotia properties, joining over 600 gaming properties across North America that use the Everi Compliance AML software.

“We evaluated various AML solutions in our selection process and determined that the Everi Compliance solution best fits our needs,” stated Sukvinder Singh, Chief Compliance Officer at Great Canadian.

“We are looking forward to working with the Everi team to enhance our AML program in our Atlantic properties.”

Everi’s agreement with Great Canadian comes as the supplier undergoes preparations to merge with IGT’s Global Gaming and PlayDigital segments.

The supplier is hopeful that the IGT merger will “create a global leader in gaming equipment, fintech services and casino systems” and a “comprehensive and diverse portfolio of high-performing land-based, digital, and fintech gaming products and services”.

Subject to receipt of regulatory approvals, the approval by Everi stockholders and IGT shareholders, and satisfaction of other customary closing conditions, the transaction is expected to close in late 2024 or early 2025.

Commenting on the deal with Great Canadian, Darren Simmons, EVP and FinTech Business Leader at Everi, added: “Everi is delighted to be selected by Great Canadian, Canada’s premier gaming and hospitality company, as their AML solution provider. 

“We have made significant investments in our RegTech business and are proud to work with multiple Canadian operators to achieve higher levels of compliance. Our robust solutions have been built to support the ever-changing regulatory landscape in Canada.”

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In addition, Everi has published its fourth quarter and full year 2023 financial results, reporting growth in FY revenue, but a drop in net income and adjusted EBITDA.

Everi merges with IGT’s Global Gaming & PlayDigital

As previously mentioned, Everi has merged with IGT’s Global Gaming and PlayDigital businesses to “create a global leader in gaming equipment, fintech services and casino systems”.

Through the combination, a “comprehensive and diverse portfolio of high-performing land-based, digital, and fintech gaming products and services” is expected to be created.

Randy Taylor, CEO of Everi, commented: “This morning we announced the strategic combination of Everi with IGT’s Gaming and Digital businesses. We are excited about the opportunity to bring together the two companies to create a world-class leader in gaming solutions for our customers.”

The Everi-IGT merger values the combined businesses at approximately $6.2bn on an enterprise value basis. IGT will spin off a subsidiary owning its Global Gaming and PlayDigital businesses to IGT shareholders, which will combine with Everi.

Under the terms of the agreements, at closing, IGT shareholders are expected to own approximately 54 per cent and Everi stockholders are expected to own approximately 46 per cent of the shares in the combined company.

IGT CEO Vince Sadusky will lead the combined company with Everi Executive Chair Michael Rumbolz serving as Chair of the board of directors.

Subject to receipt of regulatory approvals, the approval by Everi stockholders and IGT shareholders, and satisfaction of other customary closing conditions, the transaction is expected to close in late 2024 or early 2025.

“We are bringing together two businesses with complementary strengths that are stronger and more valuable together,” added Sadusky. 

“The combination results in a comprehensive and diverse product offering, addressing more aspects of the gaming ecosystem across land-based gaming, igaming, sports betting, and fintech. 

“The creation of separate gaming and lottery companies, each with experienced management teams and simplified business models, better positions each company to service customers and create significant value for stakeholders.”

Net income decline

Publishing its financials, Everi declared a Q4 revenue of $192m, down three per cent year-over-year (Q4 2022: $205.4m). For the full year, revenue improved to $807.8m (2022: $782.5m).

During the quarter, recurring revenues rose by three per cent to $147.9m, while non-recurring revenues declined to $44.1m after “lower gaming equipment and systems and fintech hardware sales”.

Net income declined during both measuring periods, standing at $1.9m in Q4 (2022: $27m) and $84m for the full year (2022: $120.5m).

Q4’s adjusted EBITDA was $82.2m (Q4 2022: $93.4m) and fell across the full year as well to $367m (2022: $374.1m), while free cash flow for Q4 was $19.8m (Q4 2022: $44.2m) and $141.9m for the full year (2022: $190.5m).

Taylor noted: “After several years of rapid growth, 2023 was a transitional year in our gaming business as we executed on our roadmap which included the introduction of four new cabinets and new content. Our fintech business continues to perform well, adding new products and services to our suite of financial access, RegTech and loyalty solutions.  

“We generated strong free cash flow of $141.9m after investing $67.6m in research and development and $145.1m in capital investments and returning $100m to shareholders through share repurchases.”

In Q4, fintech revenue improved by three per cent to $94.9m (Q4 2022: $92.1m) following a 25 per cent software and other revenue uptick ($26.4m) and a six per cent rise in financial access revenue ($56m), offset by lower hardware revenues ($12.5m) after strong kiosk sales. 

For the full year, fintech revenue improved by nine per cent to $378.7m (2022: $346.1m). Operations revenue stood at $304.1m while equipment and systems revenue was $125m.

Games revenue fell to $97.1m (Q4 2022: $113.2m) during the quarter after drops in gaming operations and gaming equipment and systems revenues ($72.6m and $24.5m respectively), “reflecting near-term headwinds while transitioning to new family of cabinets and roll-out of new content”. 

For the full year, games revenue declined by two per cent to $429.2m (2022: $436m). Financial access services revenue was $225.1m, software and other revenue was $99.5m and hardware revenue was $54.1m.

Outlook

Looking ahead, Everi noted that it expects revenue growth in games and fintech in 2024, with adjusted EBITDA up slightly compared to the previous year, while free cash flow is expected to be “flat to slightly down as cash paid for capital expenditures and cash paid for taxes are expected to be up modestly”. 

Continued growth is expected in fintech as well, driven by “low-single-digit industry growth and the addition of new products and services to both new and existing customers”.

As for Games, Everi expects “continued pressure in game sales and declines in the installed base in the first half of the year” as it rolls out cabinets and content and removes lower-performing gaming operations units “to maximize our return from invested capital primarily in the early part of 2024”.

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Commenting on the transaction, Randy Taylor, CEO of Everi, said the acquisition offers the company “another lever for growth” and will help to elevate its current offering.

Video King is a provider of integrated electronic bingo gaming tablets, video gaming content, instant win games, and systems, adding to Everi’s existing land-based and digital casino gaming content and products, financial technology and player loyalty solutions.

The transaction is expected to be completed within the next 60 days, subject to customary closing conditions, will be funded from existing cash on hand and is expected upon closing to be immediately additive to the company’s adjusted EBITDA and free cash flow.

GLC Advisors & Co is acting as Video King’s exclusive financial advisor on the transaction.

Taylor stated: “Over the past several years, we have had great success with executing on acquisitions that grow our product capabilities and the markets we serve. During this time, we have established a track record of successfully scaling up acquisitions that have delivered an attractive return on investment and helped drive strong cash flow. 

“We are highly confident that by helping to elevate our current Games, FinTech and Digital solutions with and adjacent to our established customer base, the acquisition of Video King will meet those same criteria and offer Everi another lever for growth.”

Everi grows its existing games segment reach with the Video King acquisition, as the latter is licensed in approximately 60 jurisdictions and generated more than $25m in revenue in 2022.

Close to 20 per cent of Video King’s installed base of portable e-gaming tablets could be able to provide players with traditional bingo games and Class II video poker, slots and instant win games, as well as with a digital wallet and loyalty products from Everi, subject to regulatory requirements. 

“Video King provides Everi with an expansive new channel to deploy our growing catalogue of digital igames, as well as enhance the player experience by incorporating our digital wallet and loyalty products while adding a new source to generate recurring revenue,” commented Tim Richards, Everi Executive Vice President, Chief Strategy and Digital Officer. 

“With an expanding demographic audience looking to engage in increased social and leisure activities, we see a significant opportunity to collaborate with the Video King team to develop new gaming content and play enhancements to optimise player engagement and drive increased customer traffic.”

Tim Stuart, CEO and Co-Founder of Video King, added: “We are confident that as part of Everi, Video King will be in a very strong position to expand our product offerings to provide our long-time loyal customer base with new enhanced games for our tribal, charitable and military markets. 

“The combination of Everi’s games and other digital offerings with our strong electronic bingo base creates a unique opportunity to accelerate future growth.”

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Total revenue for the company grew as well in Q4 by 14 per cent year-over-year to $205.4m, and for the full year by 18 per cent to $782.5m.

CEO Randy Taylor expects the company to “continue delivering profitable growth in 2023 and beyond” following the good year despite potential macroeconomic environment challenges to come.

Everi achieves strong Q4

Publishing its Q4 financials, Everi reported a 14 per cent YoY to $205.4m (Q4 2021: $180.4m, driven by improvements in gaming – up 7 per cent to $113.2m (2021: $105.4m) – and fintech –  up 23 per cent to $92.2m (2021: $75m). 

Recurring revenues grew by 9 per cent to $142.9m (2021: $131.7m) while non-recurring sales improved by 28 per cent to $62.5m.

Operating income rose by 8 per cent to $51.6m (2021: $47.9m) following a decline in operating expenses and a change in revenue mix following product sales growth. However, net income fell to $27m (2021: $88.8m) since Q4 2021 benefitted from $63.5m ‘reversal of the valuation allowance on certain deferred tax assets’.

Everi noted that its adjusted EBITDA improved by 5 per cent to $93.4m (2021: $88.8m) “inclusive of higher development costs to support future growth”, while free cash flow rose to $41.7m (2021: $19.7m) as the prior year period included $31.5m in “placement fees paid to extend an agreement with a customer and to fund incremental game unit placements with another customer”.

For the full year, Everi’s revenues grew by 18 per cent YoY to $782.5m (2021: $660.4m). Its gaming segment improved by 16 per cent to $436.4m (2021: $376.7m) and fintech rose by 22 per cent to $346.1m (2021: $283.7m).

Recurring revenues increased by 12 per cent to $560.9m, net income fell to $120.5m (2021: $152.9m), adjusted EBITDA grew by 8 per cent to $374.1m (2021: $347.2m), while free cash flow came in at a record of $186.7m, an increase of 18 per cent (2021: $158.7m).

Taylor commented: “Everi ended 2022 with another quarter of strong performance, including record fourth quarter revenue and adjusted EBITDA, which extended our record of successful execution on our operating priorities.

“Our ongoing investments in new product development and acquisitions helped grow our product portfolio and addressable markets and are a key driver of our operating success that resulted in an 18 per cent revenue increase, an 8 per cent rise in adjusted EBITDA and a record $186.7m in free cash flow for the 2022 full year.”

Gaming segment growth

Looking at Everi’s gaming segment, revenues rose by seven per cent to $113.2m thanks to a 12 per cent increase in machine sales revenues to $39.8m (2021: $35.6m) and a five per cent improvement in operations revenue, which includes digital gaming, to $73.4m (2021: $69.8m).

The company’s acquisition of Intuicode Gaming contributed $2m in revenues during the quarter.

Everi expanded its installed base by 6 per cent to 17,975 units following ‘continued placements of Smokin’ Hot Stuff Fire and Ice video units and the company’s premium mechanical reel games’.

Digital gaming rose by 51 per cent to $6.2m (2021: $4.1m) thanks to slot content growth and more operators featuring its games. The company also sold 1,944 machines in Q4, up 34 units YoY. 

Operating income for the segment fell to $25.2m (2021: $26m) following “higher revenues from gaming machine sales, offset by lower margins on machine sales due to increased supply chain costs”, higher internal research and development expense and “increased depreciation and amortisation costs associated with recent acquisitions”.

Meanwhile, the gaming segment’s adjusted EBITDA rose to $56.7m (2021: $55.9m).

2023 outlook

Looking ahead, Everi issued its full year 2023 guidance, which includes net income between $88m-$100m, an adjusted EBITDA between $384m-$396m, and free cash flow between $150m-$160m.

The company added that it expects product and hardware sales revenue growth to continue outpacing higher-margin recurring revenues “reflecting contributions from recent acquisitions and the company’s success in increasing its product sales market share”.

Taylor added: “Our team’s great performance during the last several years reflects the balance and diverse strengths across our operations – games, finTech, loyalty, digital and mobile. 

“Together with our solid balance sheet and strong free cash flow generation, Everi is favourably positioned for both consistent near- and long-term growth through our continued investments in growth-focused internal product development initiatives and high-value acquisitions, as well as to return capital to shareholders through opportunistic share repurchases.

“We expect our successful execution on our growth initiatives, combined with our large percentage of high-margin recurring revenues in our overall revenue mix, will help us mitigate potential challenges of the uncertain macroeconomic environment and enable us to continue delivering profitable growth in 2023 and beyond.”

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Through the integration, Prove’s Identity solution will validate consumer-provided personal identity information and confirm phone number ownership using authoritative data, including from devices and phone numbers, while maintaining privacy for all customers.  

Furthermore, the tool will allow Everi to further reduce bad actors and fraudulent accounts, as well as limit user friction throughout the customer lifecycle. Proprietary reason codes are also available to offer additional insight into risk.

“Everi is a leading cash access provider in the gaming industry, and Prove and Everi share a vision of more seamless player transactions that occur both digitally and on-premise,” said Tom Hill, Director of Digital Identity and Head of sports betting and igaming at Prove. 

“Everi has been at the forefront of the evolution in payments and digital enablement for gaming, and we are thrilled to collaborate with them as Prove continues to accelerate momentum in sports betting and igaming.”

Everi CashClub Wallet users will utilise Prove’s Trust Score to secure their customer experiences across a number of different scenarios, ranging from digital onboarding to digital account servicing and ongoing authentication. 

Trust Score is a real-time measure of phone number reputation that can be leveraged for identity verification and authentication purposes, and passively analyses behavioural and cryptographic authentication signals from authoritative sources at the time of a potential transaction to mitigate fraud such as SIM swap and other account takeover schemes.

“We are excited to be spearheading the rapid transformation of gaming, as on-premise and online options continue to merge and complement one another,” added Victor Newsom, Senior Vice President of Product Management and Payments Solutions at Everi. 

“Consumers are embracing and requesting digital services and virtual wallets within the context of their physical experience, and we’re proud to partner with Prove to provide an even more seamless experience across these physical and digital channels driven by consumer choice and value, while also enhancing user safety.”

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As part of the launch, the B4U Financial crypto currency solutions allows casino patrons the ability to convert digital currency into cash. 

Darren Simmons, Everi’s Executive Vice President and FinTech Business Leader, stated: “Providing new, alternative ways to fund a patron’s casino experience is crucial in the age of digital currency. 

“Combining B4U Financial’s solution with Everi’s ATMs and, in the future, additional financial access solutions at Scarlet Pearl, furthers our collective goal of being able deliver an enhanced and seamless patron experience.

“We continually evaluate advanced technologies that can add new capabilities to our ‘Digital Neighbourhood,’ and our ability to integrate with the B4U Financial crypto solution meets this criterion by enabling us to further diversify the types of financial transactions we can offer to casino guests.”

Additional integration capabilities include casino operators’ ability to track the disbursement of cash through the B4U API to the owners’ existing systems in real time. This capability is enhanced by Everi’s real-time monitoring tools and remote diagnostics features, which provide greater uptime with quicker response and resolve times.

Located in D’Iberville, Mississippi, the Scarlet Pearl Casino Resort continues to invest in the existing casino and improve amenities to better serve all customers.

Scarlet Pearl’s partnership with Everi dates back to the casino’s opening in 2015, with the installation of a full suite of financial and loyalty products and services, as well as electronic gaming machines.

“Scarlet Pearl’s collaboration with Everi allows our guests a new way to fund their experience, as we continue our focus on setting high standards for player convenience and engagement,” Scarlet Pearl CEO LuAnn Pappas added. 

“We are dedicated to delivering innovative experiences, and we are excited to be the first casino in Mississippi to introduce this new feature for our guests.”

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