Financial Report Everi Holdings Financial Profile: Revenue Analysis, CEO Leadership & Gaming Technology Market Position Marta SanderPublished: November 17, 2025 Updated: November 21, 2025070 views Everi Holdings Inc. was a leading provider of gaming technology and financial solutions for casinos worldwide. The Las Vegas-based company operated through two divisions: Games and Financial Technology Solutions. Everi served land-based casinos, digital gaming operators, and bingo venues across the United States, Canada, Australia, and international markets. The company processed over $50 billion in financial transactions annually through more than 156 million transactions in 2024. Table of Contents Company HistoryCEO ProfileKey Business Segments & Revenue StreamsFinancial ProfileFinancial DataCore Financial Metrics (Last 3 Years)Revenue by Segment (Last 3 Years)Latest Financial Report12-Month Earnings SummaryReferences Under CEO Randy Taylor’s leadership from April 2022 through the company’s acquisition, Everi navigated significant industry transitions. In July 2025, Apollo Global Management completed a $6.3 billion acquisition combining Everi with IGT’s Gaming & Digital business. Everi stockholders received $14.25 per share in cash, representing a 56% premium. The company was delisted from the NYSE on July 1, 2025, ending its run as a public company. Company History Everi was founded in 1998 as Global Cash Access, a joint venture of payment processing firms. The company initially focused on cash access services for casinos. In 2014, Global Cash Access acquired Multimedia Games for $1.2 billion. This transformative deal expanded operations into slot machine manufacturing. The company rebranded to Everi Holdings in August 2015. The new name reflected its broader gaming technology and fintech platform. By 2024, Everi held over 300 gaming licenses across multiple jurisdictions. CEO Profile Randy Taylor became CEO on April 1, 2022. He previously served as President and Chief Operating Officer since 2020. Taylor joined Everi in 2011 as Senior Vice President and Controller. He worked his way up through financial leadership roles. Under his leadership, the company navigated challenging market conditions in the Games segment. He successfully guided Everi through its $6.3 billion acquisition by Apollo. Taylor had over 10 years of experience at Everi before becoming CEO. Key Business Segments & Revenue Streams Everi operated two primary business segments. The Games segment developed slot machines, gaming cabinets, and digital gaming content. Products included the Empire Flex, Skyline Revolve, and Dynasty Luna cabinet families. Gaming operations generated recurring revenue through leased equipment. The FinTech segment provided financial access services to casinos. This included ATM services, credit card processing, and compliance solutions. CashClub and CashClub Wallet enabled digital payment processing. The company also offered Central Credit patron credit services and JackpotXpress jackpot management platforms. Both segments contributed roughly equal revenue in 2024. Financial Profile Everi’s financial performance declined in its final years as a public company. Revenue fell 6% in 2024 to $757.9 million. The Games segment struggled with a 12% revenue decline. This reflected lower daily win per unit and reduced installed base. Gaming equipment sales dropped 19% due to cabinet transition challenges. The FinTech segment remained stable with flat year-over-year revenue. Net income plummeted 82% to $15 million in 2024. Transaction costs related to the Apollo acquisition significantly impacted profitability. Despite challenges, the company maintained strong cash reserves. Cash and equivalents surged 50% to $401 million by early 2025. Financial Data Core Financial Metrics (Last 3 Years) Metric20232024Q1 2025Revenue$807.8M$757.9M$181.3MNet Income$84.0M$15.0MN/AAdjusted EBITDA$367.0M~$360MN/AEPS (Diluted)$0.91$0.17$0.04Free Cash Flow$141.9M~$130MN/A Revenue by Segment (Last 3 Years) Segment20232024ChangeGames$428.8M$378.9M-12%FinTech$379.0M$379.0MFlatTotal Revenue$807.8M$757.9M-6% Latest Financial Report Everi’s fiscal year 2024 results showed significant headwinds. Games segment revenue fell 12% to $378.9 million. Gaming operations declined 9% due to lower daily win rates. Equipment sales dropped 19% amid cabinet transitions. The FinTech segment demonstrated resilience with stable revenue. Financial access services grew 2% while software revenue increased 5%. Operating income in Games collapsed 50% to $89 million. Operating margin nearly halved from 22% to 12%. Transaction costs related to the pending Apollo acquisition totaled tens of millions. Despite challenges, cash reserves strengthened significantly heading into the acquisition. 12-Month Earnings Summary In the trailing twelve months through Q1 2025, Everi generated $749.85 million in revenue. This represented a 6% decline year-over-year. The company faced continued pressure in gaming operations. Installed base of gaming machines continued shrinking. Q1 2025 revenue totaled $181.3 million, down 4% from prior year. Earnings per share of $0.04 significantly missed analyst estimates of $0.11. The company invested heavily in R&D, up 14% to $77 million annually. Management focused on new cabinet launches and digital gaming expansion. The acquisition by Apollo closed on July 1, 2025, ending Everi’s public company chapter. References Everi Reports Fourth Quarter and Full Year 2023 Results – Everi Investor Relations IGT’s Gaming and Digital Business and Everi Acquired by Apollo Funds – Apollo Global Management Apollo Completes $6.3bn Acquisition of IGT Businesses and Everi – iGaming Business Everi Holdings Revenue 2015-2025 – Stock Analysis Company History – Everi Holdings Inc. Everi Holdings – Wikipedia Everi Announces Senior Management Transition – PR Newswire Everi Holdings Q4 2024 Earnings Results & Analysis – Panabee