Casino technology supplier Everi Holdings Inc reported first-quarter net income of US$3.9 million, down 13.9 percent year-on-year. The latest result was on total revenue that declined by 4.3 percent year-on-year, to US$181.3 million.
Revenue in the games segment – including gaming operations as well as sales of equipment and systems – declined by 11.7 percent year-on-year, to US$85.7 million in the three months to March 31.
The information was included in a Tuesday filing to the New York Stock Exchange.
The firm also operates a financial technology (fintech) segment. Revenue in the fintech segment rose by 3.6 percent year-on-year, to US$95.6 million.
Everi, along with International Game Technology Plc’s gaming and digital business, is in the process of being simultaneously acquired by funds managed by affiliates of private equity firm Apollo Global Management Inc.
The Apollo group is acquiring Everi by paying US$14.25 per share in cash. The deal is scheduled to close in the third quarter of 2025.
In November, Everi shareholders approved the acquisition by the Apollo funds.
Hector Fernandez, who in December resigned as chief executive of Aristocrat Gaming, is to become CEO of the combined enterprise formed by IGT and Everi Holdings.
