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US – E43 and mechanical reel games drive Everi to ninth quarter of growth

By - 7 November 2018

Everi Holdings confirmed its ninth consecutive quarter of year-over-year revenue and Adjusted EBITDA growth in its third quarter, with revenue increasing 17.3 per cent to $120.3m and Adjusted EBITDA rising 9.6 per cent to $58.3m the third quarter ended September 30, 2018.

Michael Rumbolz, President and Chief Executive Officer of Everi, said: “Growth in our Games segment continues to be driven by the successful introduction of new products. Electronic gaming machine unit sales rose 43 per cent to 1,165 units, our largest quarterly total since we acquired the Games business. The primary driver of the unit sales growth was success with our E43 and mechanical reel games which both achieved their highest ever level of quarterly unit sales.

“Our mechanical reel product remains a key driver of unit sales growth given our position as an industry-leading provider for this segment of the slot floor. Our installed base rose 901 units year over year and our emphasis on introducing new, higher-yielding premium games and form factors, including our E43, while also expanding placements beyond our historical core market continues to drive growth in our gaming operations,” he added. “Quarter-end premium unit placements, including our highest ever level of wide-area progressive placements of 535 units, now represent 20.1 per cent of our total installed base, as compared to 17.8 per cent a year ago. Growth in premium unit placements and the increase in unit placements in higher yielding markets drove a significant improvement in daily win per unit, which rose $2.32, or 8.6 per cent, year over year.”

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