Borgata Casino War ects to pay for the transaction out of current and future cash flow. We see a significant opportunity for growth in the player loyalty market, and the planned acquisition of the MGT assets represents a significant step forward in our goal to establish loyalty and marketing-based services as a meaningful growth driver for our business,” said Everi Executive Vice President Darren Simmons in a statement. On the back of a fourth-quarter gain of about 55 percent, Everi shares are up 158. 48 percent year-to-date, making the stock one of this year’s best-performing small-cap gaming names. Evaluating EveriEarlier this month, Las Vegas-based Everi sold 10 million shares of stock, netting 7 million in proceeds in the process. cool cat casino download games software While the shares slumped on the news because new share offerings dilute current investors, the name has bounced back. cashman casino coin generator Hard Rock Casino Parking Xixi Analysts applauded the move because the company is using million of that capital to reduce an outstanding term loan, and another 75 percent of the proceeds repay some senior notes. Riversweeps Online Casino Sign Up Hbvb Those actions that will save Everi about million in annual interest expenses.

We remain constructive on EVRI shares on the other side of the recent equity raise, as we believe the deal accomplished two important items that should support further share price appreciation over the intermediate-to-longer term,” said Stifel analyst Brad Boyer in a recent note obtained by Casino. org. Boyer said the share offering allowed management to reduce leverabicycle casino employee portalge while giving existing and new investors the opportunity to add to or start positions of Everi at favorable prices. mgm grand casino win lob statement online casino 18+ Pechanga Casino Lobster Buffet Afji A Good Deal? raging bull casino 200 no deposit bonus codes 2019 Everi didn’t say when the MGT transaction will close, or if it will add to the company’s bottom line. black oak casino weather winstar world casino and resort jobs But the market for enhanced loyalty programs and accessible financial solutions at gaming properties is growing. Boyer is bullish on the positioning of Everi’s slots and fintech businesses. “Within the slot business, our recent checks confirm demand for the company’s latest products remains solid, particularly within the premium and mechanical reel segments, while consistent regional GGR trends, an emerging terminal replacement cycle and growing demand for recently-acquired Atrient kiosk technology favorably position the FinTech business,” said the analyst.

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