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Founded
1998-01-01 in Spring Valley, Nevada, USA
Headquarters
Spring Valley, Nevada, USA

Everi Holdings Inc. was a leading provider of financial technology and gaming solutions for the casino industry. Founded in 1998 as Global Cash Access Holdings, it initially focused on cash access services such as ATMs and cash advances on casino floors. After acquiring slot machine manufacturer Multimedia Games in 2014, the company rebranded to Everi in 2015, expanding into game content and digital platforms. Everi's dual FinTech and Games segments offered a comprehensive suite including cashless wallets, payment processing, loyalty kiosks, and a wide library of slot machines and bingo systems. At its peak, the company employed approximately 2,200 people and generated $808 million in revenue in 2023. In 2025, Everi was acquired by Apollo Global Management and merged with IGT's Gaming & Digital business, with the combined entity operating under the IGT brand. Headquartered in Spring Valley, Nevada, Everi was a critical backbone for casino operations worldwide.

Detailed Review

History

Everi Holdings began as Global Cash Access (GCA) in July 1998, a joint venture of BA Merchant Services (Bank of America), First Data, and USA Processing Inc., with Kirk Sanford playing a key role. GCA quickly dominated cash access on casino floors, handling ATM withdrawals, cash advances, and check cashing. After an IPO in 2005 and acquisitions like Cash Systems in 2008, the company expanded its footprint. The transformative event came in December 2014 when GCA acquired Multimedia Games for $1.2 billion, entering slot machine manufacturing. A year later, the company rebranded as Everi Holdings to reflect its broader portfolio. Under CEO Randy Taylor (appointed April 2022) and Executive Chairman Michael Rumbolz, Everi pursued aggressive growth through acquisitions: Ecash Holdings (2022), Intuicode Gaming (2022), and Venuetize (2022), a mobile/e-commerce platform, strengthening its FinTech, historical horse racing, and mobile engagement capabilities.

Business Model and Products

Everi operated two primary segments: FinTech and Games. The FinTech segment offered cash-handling kiosks, credit/debit card processing, cashless wallets like CashClub, and loyalty solutions, alongside comprehensive anti-money-laundering and responsible gaming tools. Its payment infrastructure processed more financial transactions than any other gaming supplier. The Games segment developed a wide range of slot cabinets (Empire, Pyramid, Vortex) and game titles across Class II, Class III, and historical horse racing markets. The Digital division provided server-based gaming via Everi Digital, while the Mobile division powered venue-wide engagement through the BeOn platform. Notable products included the Tournevent tournament management system and loyalty kiosks that integrated with operator programs.

Market Position and Acquisition

Everi was a one-stop supplier for casino operators, bridging financial transactions and gaming entertainment. Its compliance and security suite met SOC 2 standards, helping operators mitigate fraud and money-laundering risks. The company invested in cashless technology, launching products like VGKPay and integrating CashClub with Churchill Downs. In 2024, Everi agreed to merge with IGT's Gaming & Digital business in a $6.4 billion deal. The transaction closed in July 2025, with Apollo Global Management acquiring both entities. The combined company now operates as IGT, with Everi becoming an IGT brand. Everi's historical significance lies in its role as a critical backbone for casino operations, from cash access to immersive gaming content.

Key Products

  • FinTech Suite

    Complete financial access services: credit/debit card processing, ATM/cash advance kiosks, check cashing, and anti-money-laundering compliance tools.

  • CashClub® Wallet

    A cashless, mobile-first digital wallet for casino patrons; supports funding, ticketing, and loyalty integration.

  • BeOn™ Venue Platform

    A mobile engagement and loyalty platform that creates personalized customer experiences across the casino floor and venue footprint.

  • Everi Digital

    Server-based gaming solution for remote and Class II/III gaming, including the 'Vi' mobile games product.

  • EGMs (Slot Machines)

    Wide range of slot cabinets (e.g., Empire, Pyramid, Vortex) with hundreds of game titles across land-based, bingo, and historical horse racing markets.

  • Tournevent

    A tournament management product for slot and electronic table games.

  • Loyalty Kiosks

    Enrollment and promotional kiosks that integrate with operator loyalty programs and provide secure patron data management.

Offices & Headcount

2200 employees (approx.)

Key Persons

Notable past members

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