Everi to Consolidate Manufacturing, Distribution in Las Vegas

Everi Holdings Inc. announced that it has begun construction of a new facility that will consolidate the manufacturing, assembly and distribution of its gaming machines currently done in Austin, Texas with its self-service fully integrated cash access kiosks, loyalty kiosks and other fintech products currently assembled in Las Vegas.

The new Las Vegas facility, which will adhere to high levels of environmental and sustainable stewardship during construction and operation, is expected to streamline production and simplify supply chain processes and the distribution of completed products to customers.

The company predicts it will record approximately $4.5 million of expense in 2023 related to planned closure and exit costs, relocation, employee retention, and other associated costs for transition of production to the new facility.

The new 182,500-square-foot leased facility will include space to co-locate lab facilities for both games and fintech businesses, house service and customer installation teams and administrative staff, and have room for future expansion to accommodate expected growth in the business.

The building is expected to be completed in October 2023, and is being built to Everi’s specifications to encompass high levels of environmental sustainability and create an employee- friendly working environment.

The building will utilize such elements as low-water landscaping, energy-efficient windows, automated LED lighting, high-efficiency plumbing, energy-usage tracking, and solar-powered energy to lessen the environmental impact of the building.

Assembly of the company’s fintech products at the current Las Vegas facility is expected to transition to the new facility shortly after completion of the building. Production of gaming machines currently done in Austin is expected to transition to the Las Vegas facility in stages over six months following its completion to ensure seamless distribution of products to customers.