Everi Extends Agreement With New York Lottery to Provide Video Lottery Gaming Central System
LAS VEGAS, Feb. 06, 2018 (GLOBE NEWSWIRE) -- Everi Holdings Inc. (NYSE:EVRI) (“Everi” or the “Company”), the casino gaming industry’s single source provider of gaming products and payments solutions announced today that its Everi Games Holding Inc. subsidiary has extended its 14 year collaboration with the New York Lottery with a new agreement to provide the video lottery central system to the New York Lottery for an additional two years through December 2019. Everi’s central system currently manages approximately 19,000 Video Lottery Terminals (“VLTs”) installed at nine locations in New York State and the Company earns a percentage of the net revenue generated by the installed VLTs.
Michael Rumbolz, President and Chief Executive Officer of Everi, commented, “We are extremely proud of what we have accomplished in collaboration with the New York Lottery since our central system first went live at Saratoga Raceway in January 2004. As the installed base of VLTs has grown dramatically since then we have invested in our system in order to ensure that the New York Lottery continues to benefit from a state-of-the-art system for the management of VLTs provided by the two current vendors. We are honored to have helped drive the past success of video lottery gaming in New York State and to be selected by the New York Lottery to continue to help them going forward.”
Brad Maione, Communications Director of the New York State Gaming Commission said, “We have had tremendous success with video lottery gaming at racetracks across the State as a result of working with technology partners such as Everi. We are pleased to be moving forward through this extension with a valued partner as we continue to look to grow contributions from VLTs which provide an important source of funding to New York State.”
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