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Everi Holdings upgrades projections for 2021

Supplier Everi Holdings has announced it has tightened its outlook for 2021 full-year net income and adjusted EBITDA to the top of the previously provided range.

ebitda

The company’s expectations for 2021 full-year net income are $90m to $95m and $337m to $342m in adjusted EBITDA. Everi had previously expected a 2021 full-year income of $87m to $95m and adjusted EBITDA of $332m to $342m.

This updated announcement demonstrates ongoing annual growth compared to 2020 and pre-lockdown 2019, even with the Covid pandemic situation.

Michael Rumbolz, Everi Chairman and CEO said: “Everi’s focus on providing casino operators and players with innovative products as a result of our ongoing investment in the development of new products is a key driver of our growth.

"As we execute on our plans that lead to the expected record-setting financial results for 2021, we are also establishing an even stronger foundation for continued growth in 2022 and beyond.”

Everi’s newest products on display at the 2021 Global Gaming Expo (G2E) are designed to enhance its position in the denomination mechanical reel segment and expand its video portfolio.

Dean Ehrlich, Everi EVP and Games Business Leader, commented on the company’s latest expanded offering of new products: “The latest addition to our three-reel mechanical lineup – Player Classic Signature – is inspired by our long-term success with delivering top-performing mechanical games. This cabinet is built for the future and yet classic in its appeal for the player demographic.”

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