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Everi Goes Online With Versions of Classic Slots; Acquires Assets

Everi Goes Online With Versions of Classic Slots; Acquires Assets

Gaming supplier Everi Holdings last month announced milestones that will strengthen the company in two areas.

New Jersey’s winningest online casino now offers a whole new library of classic slots—three-reel steppers featuring rows of BARs, 7s and cherries.

By bringing traditional games to, game manufacturer Everi is giving traditional slot lovers the kind of games they want, but in an all-new, instantly accessible format, said Marshall Adair, vice president and executive director, digital and interactive for Nevada-based Everi.

Everi’s remote game server uses advanced system architecture to develop and distribute player-preferred content directly to operators—including award-winning three-reel mechanical games and video slots, all built to deliver the exact same look, game features and math as their land-based counterparts. All can be played in either landscape or portrait mode, so they’re just as much fun on a smartphone as they are on a laptop or tablet.

The RGS currently supports 30 titles and is expected to exceed 50 by the end of the year, with new games rolling out over time.

Also last month, Everi announced that its wholly owned subsidiary Everi Payments Inc. has acquired certain strategic assets of Micro Gaming Technologies Inc. (MGT), a privately owned provider of self-service casino loyalty and marketing products and promotional tools and apps.

MGT’s products, software and technologies for casino operators represent a complementary addition to Everi’s portfolio of fintech products and services. The acquisition also provides Everi with a portfolio of customer locations where MGT’s solutions are currently installed, including at properties of many key Everi customers.

Under the terms of the transaction, Everi acquired certain assets of MGT for an initial payment at the time of closing of $15 million, with a further $5 million to be paid April 1, 2020 and $5 million on December 24, 2021. Everi expects to fund the acquisition from existing cash on hand and future cash flow.