• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Everi back to profit for 2021, as 4Q net income jumps

Mar 02, 2022 Newsdesk Industry Talk, Latest News  


Everi back to profit for 2021, as 4Q net income jumps

Casino equipment and financial technology (fintech) supplier Everi Holdings Ltd saw 2021 net income jump to US$152.9-million, after a 2020 net loss of US$81.7 million.

“Driven by significant successes in both our games and fintech segments, we achieved new all-time full-year records for revenues, net income, adjusted EBITDA [earnings before interest, taxation, depreciation and amortisation], and free cash flow,” said Michael Rumbolz, group chief executive, as cited in a Tuesday press release.

Everi’s fourth-quarter net income grew to a record US$89.4 million, compared to US$1.1 million in the prior-year period.

Quarterly adjusted EBITDA increased 45.1 percent year-on-year, to another quarterly “record” of US$88.8 million.

Revenue from sales of gaming equipment and systems for the three months to December 31, rose 134.2 percent year-on-year, to US$35.6 million.

The number of gaming machine units sold rose 139.6 percent year-on-year in the quarter, to 1,910. The average sales price was almost flat judged year-on-year, at US$18,106.

Revenue from gaming operations stood at US$69.8 million in the final quarter of 2021, compared with US$49.7 million a year earlier.

David Bain, an analyst at B. Riley Securities Inc, said in a Tuesday note that Everi’s above-market-consensus performance in the fourth quarter was “broad based”.

But in particular, “game sales, indicative of higher quarterly ship-share” were “significantly better than expected”, added Mr Bain.


  • tweet
Related articles
  • Gaming, fintech drives Everi to record 1Q results
    Gaming, fintech drives Everi to record...

    May 11, 2022  

  • Everi acquiring some AI marketing assets of Xuvi LLC
    Everi acquiring some AI marketing...

    Apr 19, 2022  

More news
  • Shinhwa World to add condos, villas amid recovery: exec
    Shinhwa World to add condos, villas...

    May 26, 2022  

  • Marina Bay Sands to hire up to 2,000 workers: firm
    Marina Bay Sands to hire up to 2,000...

    May 26, 2022  


Latest News

Shinhwa World to add condos, villas amid recovery: exec

Shinhwa World to add condos, villas amid recovery: exec

May 26, 2022  

Jeju Shinhwa World, a leisure complex with a foreigner-only gaming venue called Landing Casino, on the South Korean holiday island of Jeju, aims to add 100 more units of ‘Somerset’-branded...
Read More
Marina Bay Sands to hire up to 2,000 workers: firm

Marina Bay Sands to hire up to 2,000 workers: firm

May 26, 2022  

Macau satellites seek biz model leeway, says Ponte 16 boss

Macau satellites seek biz model leeway, says Ponte 16 boss

May 26, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


540,430

Visitors arrivals to Singapore in the first four months of 2022



Most Popular

  • Wynn Macau Ltd asks managers to take 10pct wage in stockWynn Macau Ltd asks managers to take 10pct wage in stock May 24, 2022
  • Macau op debt to hit US$25bln unless travel eased 2H: MSMacau op debt to hit US$25bln unless travel eased 2H: MS May 24, 2022
  • Outbound group tours still paused: China immigrationOutbound group tours still paused: China immigration May 24, 2022
  • Macau GGR tax cut idea tied to China outlook: brokerageMacau GGR tax cut idea tied to China outlook: brokerage May 23, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us