Everi Holdings is buying strategic assets, including game development technology and intellectual property of Atlas Gaming Pty and Atlas Gaming Technologies, an Australia-based developer and provider of proprietary gaming content and products. Everi expects the acquisition to close within the next 60 days.
The acquisition of the Atlas assets complements Everi’s existing game development studios and portfolio of games while providing a pathway for future expansion into new international markets. In conjunction with the acquisition of these assets, Atlas development and engineering team members will join Everi. Everi will fund the acquisition from existing cash on hand.
Dean Ehrlich, Everi’s Executive Vice President and Games Business Leader, said: “We are excited to welcome members of the talented and experienced Atlas team to Everi. We look forward to Atlas’ game developers and engineers bringing a global perspective that will help us execute a more robust product roadmap and support our growth strategy of delivering best-in-class content. This transaction strengthens Everi’s development capabilities and will further bolster the future expansion and differentiation of our gaming products. We expect to leverage the Atlas development team and purchased assets to provide more original content for our current customer base while creating an opportunity to further penetrate the markets Atlas has historically served, including Australia.”