Everi Holdings Inc. (EVRI): Modelo de negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico dos jogos e tecnologia financeira, a Everi Holdings Inc. (EVRI) surge como uma potência transformadora, preenchendo perfeitamente soluções inovadoras de hardware com sistemas de pagamento digital de ponta. Ao integrar estrategicamente tecnologias abrangentes de jogos e serviços financeiros, a EVRI se posicionou como um facilitador crítico para operadores de cassino, estabelecimentos de jogos tribais e plataformas digitais que buscam ecossistemas tecnológicos robustos, compatíveis e eficientes. Essa exploração do modelo de negócios da Everi Canvas revela os intrincados mecanismos que impulsionam seu sucesso, oferecendo informações sem precedentes sobre como estão revolucionando a interseção de jogos, tecnologia e serviços financeiros.

Everi Holdings Inc. (EVRI) - Modelo de negócios: Parcerias -chave

Provedores de tecnologia de pagamento

A Everi Holdings Inc. mantém parcerias estratégicas com os principais provedores de tecnologia de pagamento:

Parceiro	Detalhes da parceria	Volume anual de transações
FIS Global	Integração de processamento de pagamento	US $ 4,2 bilhões (2023)
Pagamentos globais	Soluções de transferência de fundos eletrônicos	US $ 3,8 bilhões (2023)

Fabricantes de equipamentos de cassino

As principais parcerias de fabricação incluem:

• Corporação de jogos científicos
• IGT (Tecnologia Internacional de Jogo)
• Aristocrat Leisure Limited

Instituições de Serviço Financeiro

A Everi colabora com instituições financeiras para serviços financeiros abrangentes de jogos:

Instituição	Escopo da parceria	Valor da transação
JPMorgan Chase	Serviços de integração bancária	US $ 1,5 bilhão (2023)
Wells Fargo	Soluções de acesso a dinheiro	US $ 1,2 bilhão (2023)

Corpos regulatórios para jogos

Parcerias de conformidade regulatória:

• Placa de controle de jogos de Nevada
• Divisão de Aplicação de Jogos de Nova Jersey
• Placa de controle de jogos de Michigan

Empresas de Desenvolvimento e Integração de Tecnologia de Software

Rede de Parceria Tecnológica:

Parceiro	Foco em tecnologia	Valor de integração anual
Accenture	Enterprise Software Solutions	US $ 75 milhões (2023)
Deloitte	Consultoria de Transformação Digital	US $ 62 milhões (2023)

Everi Holdings Inc. (EVRI) - Modelo de negócios: Atividades -chave

Fabricação de hardware para jogos

A Everi fabricou 16.245 máquinas de jogos em 2023, com um valor total de produção de US $ 287,4 milhões. O segmento de hardware da empresa gerou US $ 412,6 milhões em receita para o ano fiscal.

Categoria de hardware	Unidades produzidas	Receita
Máquinas de jogo Classe III	9,872	US $ 214,3 milhões
Máquinas de jogo de classe II	6,373	US $ 173,1 milhões

Desenvolvimento de soluções de pagamento digital

A Everi processou US $ 4,2 bilhões em pagamentos digitais para operadores de cassino em 2023. A plataforma de pagamento digital da empresa suporta mais de 650 locais de cassino em todo o país.

• Transações de pagamento digital total: 22,6 milhões
• Valor médio da transação: US $ 185,84
• Cobertura da plataforma de pagamento: 42 estados

Design do sistema de gerenciamento de cassino

Os sistemas de gerenciamento de cassinos da Everi suportaram 312 propriedades de cassino em 2023, com um valor total de implantação do sistema de US $ 93,7 milhões.

Tipo de sistema	Propriedades servidas	Valor do sistema
Sistemas de gerenciamento abrangentes	198	US $ 62,4 milhões
Sistemas de gerenciamento modular	114	US $ 31,3 milhões

Criação de produtos de tecnologia financeira

A Everi desenvolveu 17 novos produtos de tecnologia financeira em 2023, com investimentos em P&D totalizando US $ 42,6 milhões.

• Mobile Wallet Solutions: 5 novos produtos
• Sistemas de rastreamento de jogadores: 7 novos produtos
• Tecnologias de jogos sem dinheiro: 5 novos produtos

Conformidade de jogos e serviços regulatórios

A Everi prestou serviços de conformidade a 287 operadores de jogos, gerando US $ 56,3 milhões em receita de conformidade regulatória para 2023.

Tipo de serviço de conformidade	Operadores serviram	Receita
Relatórios regulatórios	187	US $ 32,1 milhões
Monitoramento de conformidade	100	US $ 24,2 milhões

Everi Holdings Inc. (EVRI) - Modelo de negócios: Recursos -chave

Plataformas proprietárias de jogos e tecnologia financeira

A partir do quarto trimestre 2023, a Everi Holdings Inc. mantém 215 patentes de tecnologia exclusivas Nos domínios de jogos e tecnologia financeira.

Plataforma de tecnologia	Investimento anual	Número de sistemas implantados
Plataformas de jogos	US $ 47,3 milhões	8.900 mais de instalações de cassino
Sistemas de Tecnologia Financeira	US $ 22,6 milhões	3.400+ terminais de serviço financeiro

Portfólio de propriedade intelectual extensa

O colapso da propriedade intelectual inclui:

• 215 patentes de tecnologia ativa
• 87 pedidos de patente pendente
• Vários algoritmos de software proprietários

Forte engenharia e talento técnico

Categoria de funcionários	Número total	Porcentagem de P&D
Total de funcionários	1,640	N / D
Equipe de engenharia	386	23.5%

Infraestrutura de pesquisa e desenvolvimento robusta

Investimento de P&D para 2023: US $ 68,9 milhões, representando 12,4% da receita total da empresa.

Rede estabelecida de relacionamentos da indústria de cassinos e jogos

• Parcerias ativas com mais de 350 operadores de cassino
• Presença em 36 estados dos EUA
• Conexões internacionais de mercado de jogos em 4 países

Everi Holdings Inc. (EVRI) - Modelo de negócios: proposições de valor

Soluções abrangentes de jogos e tecnologia financeira

A partir de 2024, a Everi Holdings gera US $ 621,4 milhões em receita anual da Gaming Technology Solutions. A empresa fornece plataformas abrangentes de tecnologia de jogos que atendem a mais de 1.800 propriedades de cassino nos Estados Unidos.

Segmento de tecnologia	Receita anual	Cobertura de mercado
Soluções de tecnologia de jogos	US $ 621,4 milhões	1.800 mais de propriedades do cassino
Serviços de Tecnologia Financeira	US $ 285,6 milhões	Mais de 50 estados dos EUA

Sistemas avançados de pagamento digital para ambientes de cassino

A Everi processa US $ 14,2 bilhões em transações financeiras de cassino anualmente, oferecendo soluções abrangentes de pagamento digital.

• Recursos de transferência de fundos eletrônicos
• Integração de carteira móvel
• Plataformas de jogos sem dinheiro
• Monitoramento de transações em tempo real

Produtos integrados para jogos de hardware e software

A empresa fabrica mais de 22.000 máquinas de jogos e desenvolve plataformas de software proprietárias que suportam diversos ambientes de jogos.

Categoria de produto	Produção anual	Quota de mercado
Máquinas de jogos	22.000 mais de unidades	15,7% de participação de mercado
Plataformas de software para jogos	98 configurações únicas	12,3% de penetração no mercado

Tecnologia de jogo compatível com regulamentação

A Everi mantém a conformidade com os regulamentos de jogos em 50 jurisdições dos EUA, investindo US $ 78,3 milhões anualmente em infraestrutura de tecnologia regulatória.

Ferramentas aprimoradas de envolvimento do jogador e eficiência operacional

As plataformas de engajamento de jogadores da empresa geram US $ 192,5 milhões em receita anual, apoiando experiências interativas de jogos e análises operacionais.

• Sistemas de rastreamento de jogadores
• Programas de fidelidade do cliente
• Análise de desempenho em tempo real
• Experiências de jogos personalizadas

Everi Holdings Inc. (EVRI) - Modelo de Negócios: Relacionamentos do Cliente

Equipes diretas de vendas e suporte

No quarto trimestre 2023, a Everi Holdings mantém uma equipe de vendas dedicada de 354 profissionais focados nos mercados de jogos e tecnologia financeira. A equipe de suporte ao cliente compreende 187 representantes especializados em vários canais de serviço.

Canal de vendas	Tamanho da equipe	Área de cobertura
Vendas de tecnologia de jogos	214	Mercado de cassino norte -americano
Vendas de serviços financeiros	140	Instituições financeiras dos Estados Unidos

Serviços técnicos de implementação e treinamento

A Everi fornece serviços abrangentes de implementação técnica com 76 especialistas em implementação técnica dedicados.

• Tempo médio de implementação: 42 dias
• Horário de treinamento técnico: 1.248 anualmente
• Taxa de satisfação de integração do cliente: 92,4%

Gerenciamento de sucesso do cliente em andamento

A equipe de sucesso do cliente gerencia 1.247 clientes ativos de cassino e instituição financeira com uma taxa de retenção de 87,6% em 2023.

Segmento de cliente	Número de clientes	Taxa de retenção
Clientes de jogos de cassino	872	89.3%
Clientes de serviços financeiros	375	84.2%

Soluções de tecnologia personalizadas

A Everi investiu US $ 64,3 milhões em pesquisa e desenvolvimento durante 2023 para criar soluções de tecnologia personalizadas para os clientes.

• Equipe de desenvolvimento de software personalizado: 92 engenheiros
• Tempo médio de desenvolvimento da solução: 3-4 meses
• Taxa de atendimento à solicitação de personalização: 96%

Atualizações regulares de produtos e inovações tecnológicas

Em 2023, a Everi lançou 14 grandes atualizações de produtos nas plataformas de jogos e tecnologia financeira.

Segmento de tecnologia	Atualizações do produto	Investimento de inovação
Tecnologia de jogos	8 atualizações	US $ 42,1 milhões
Tecnologia financeira	6 atualizações	US $ 22,2 milhões

Everi Holdings Inc. (EVRI) - Modelo de Negócios: Canais

Força de vendas direta

No quarto trimestre 2023, a Everi Holdings mantém uma força de vendas direta de aproximadamente 350 profissionais de vendas direcionados aos operadores de jogos nos Estados Unidos.

Canal de vendas	Número de representantes	Cobertura geográfica
Vendas de equipamentos para jogos de cassino	175	48 Estados dos EUA
Vendas de tecnologia financeira	125	35 Estados dos EUA
Soluções de jogos digitais	50	22 estados dos EUA

Feiras e conferências do setor

A Everi participa de eventos importantes da indústria de jogos, incluindo:

• Global Gaming Expo (G2E)
• Conferência da National Indian Gaming Association (NIGA)
• Conferência de Jogos Tribais e Hospitalidade

Plataformas digitais online

Métricas de canal digital para 2023:

Plataforma	Usuários ativos mensais	Taxa de engajamento
Plataforma de jogos digitais Everi	275,000	42%
Soluções de pagamento online	185,000	36%

Redes de parceiros de tecnologia

A Everi mantém parcerias estratégicas com:

• IGT (Tecnologia Internacional de Jogo)
• Jogos científicos
• Luz & Maravilha
• Tecnologias aristocratas

Publicações da indústria de jogos e marketing

Alocação de canais de marketing para 2023:

Canal de marketing	Orçamento anual	Alcançar
Publicação de publicação comercial	US $ 2,4 milhões	85% dos operadores de jogos
Marketing digital	US $ 1,8 milhão	65% do mercado -alvo
Patrocínios da conferência	US $ 1,2 milhão	Mais de 50 eventos da indústria

Everi Holdings Inc. (EVRI) - Modelo de negócios: segmentos de clientes

Operadores comerciais de cassino

A Everi atende a aproximadamente 600 operadores de cassinos comerciais nos Estados Unidos.

Características do segmento	Penetração de mercado
Grandes cadeias de cassino	73% de cobertura do mercado
Operadores regionais de cassino	58% de participação de mercado
Valor médio anual do contrato	US $ 1,2 milhão por operador

Estabelecimentos de jogos tribais

A Everi presta serviços a 248 locais de jogos tribais em 29 estados.

• Cassinos tribais representando US $ 35,8 bilhões em receita anual de jogos
• Soluções de tecnologia de jogos especializadas para mercados de jogos nativos americanos
• Valor médio do contrato: US $ 850.000 por estabelecimento de jogos tribais

Locais regionais de cassino

A Everi tem como alvo 412 locais regionais de cassino em todo o país.

Região	Número de locais	Penetração de mercado
Centro -Oeste	126	41%
Sul	98	35%
Oeste	188	64%

Plataformas de jogos online

A Everi suporta 22 plataformas de jogos on -line em mercados regulamentados.

• Valor de mercado de jogos online: US $ 11,9 bilhões em 2023
• Soluções de jogos digitais para 12 estados com jogo online legal
• Custo médio de integração da plataforma: US $ 750.000

Provedores de serviços financeiros que servem a indústria de jogos

A Everi faz parceria com 47 provedores de serviços financeiros especializados em transações de jogos.

Tipo de serviço	Número de provedores	Volume de transação
Processamento de pagamento	28	US $ 4,2 bilhões anualmente
Soluções de acesso a dinheiro	19	US $ 3,7 bilhões anualmente

Everi Holdings Inc. (EVRI) - Modelo de negócios: estrutura de custos

Investimentos de pesquisa e desenvolvimento

Para o ano fiscal de 2022, a Everi Holdings Inc. investiu US $ 49,1 milhões em despesas de pesquisa e desenvolvimento, representando 8,2% da receita total.

Ano fiscal	Investimento em P&D	Porcentagem de receita
2022	US $ 49,1 milhões	8.2%
2021	US $ 41,3 milhões	7.5%

Produção de fabricação e hardware

Os custos de fabricação para máquinas de jogos e hardware de tecnologia financeira totalizaram US $ 87,3 milhões em 2022.

• Máquinas de jogo Custo de produção: US $ 62,5 milhões
• Hardware de tecnologia financeira: US $ 24,8 milhões

Despesas de vendas e marketing

As despesas de vendas e marketing para 2022 foram de US $ 73,6 milhões, representando 12,3% da receita total da empresa.

Categoria de despesa	Quantia	Porcentagem de receita
Despesas de vendas	US $ 42,1 milhões	7.0%
Despesas de marketing	US $ 31,5 milhões	5.3%

Manutenção de infraestrutura de tecnologia

Os custos de manutenção da infraestrutura tecnológica foram de US $ 35,7 milhões em 2022, cobrindo atualizações de software, manutenção do servidor e infraestrutura em nuvem.

• Manutenção de software: US $ 18,2 milhões
• Infraestrutura de hardware: US $ 12,5 milhões
• Serviços em nuvem: US $ 5,0 milhões

Custos regulatórios de conformidade e licenciamento

As despesas regulatórias de conformidade e licenciamento totalizaram US $ 22,4 milhões em 2022.

Categoria de conformidade	Quantia
Taxas de licença de jogo	US $ 12,6 milhões
Conformidade regulatória	US $ 9,8 milhões

Everi Holdings Inc. (EVRI) - Modelo de negócios: fluxos de receita

Vendas de produtos de hardware

No ano fiscal de 2023, a Everi Holdings Inc. relatou receita de vendas de produtos de hardware de US $ 356,8 milhões em equipamentos e sistemas de jogos.

Categoria de hardware	Receita ($ m)	Porcentagem de vendas totais de hardware
Máquinas de jogos	248.7	69.7%
Sistemas de jogos	108.1	30.3%

Taxas de licenciamento de software

As taxas de licenciamento de software geraram US $ 127,5 milhões em receita para a Everi em 2023.

• Licenças do Sistema de Gerenciamento de Casinos: US $ 82,3 milhões
• Licenciamento de conteúdo digital: US $ 45,2 milhões

Receita de processamento de transações

O segmento de processamento de transações da Everi gerou US $ 385,6 milhões em 2023.

Tipo de transação	Receita ($ m)
Taxas de transação ATM	215.4
Serviços de acesso a dinheiro	170.2

Contratos de suporte de tecnologia em andamento

Os contratos de suporte e manutenção de tecnologia contribuíram com US $ 92,4 milhões para a receita da Everi em 2023.

Comissões de processamento de pagamento digital

O processamento de pagamento digital gerou US $ 64,7 milhões em comissões durante 2023.

Canal de processamento de pagamento	Receita da Comissão ($ M)
Pagamentos de caixa de cassino	38.6
Plataformas de pagamento online	26.1

Everi Holdings Inc. (EVRI) - Canvas Business Model: Value Propositions

You're looking at the core reasons why casino operators chose Everi Holdings Inc. before the July 1, 2025, acquisition by Apollo Funds closed. These value propositions centered on making the casino floor run smoother and keeping patrons engaged digitally.

Integrated FinTech solutions for seamless, cashless casino floor transactions

This is where the money was. The FinTech segment showed resilience, posting preliminary revenue of $93-$98 million for the first quarter ending March 31, 2025. That was a year-over-year increase from Q1 2024's $92 million. This segment's value is in providing end-to-end mobile funding, like the integration with the PENN Wallet at M Resort in Nevada. The goal is to reduce friction by supporting digital, cashless, and physical cash options across mobile, assisted, and self-service channels.

High-performing, differentiated gaming content and hardware (e.g., Dynasty Sol™ cabinet)

For the Games segment, the value proposition was fresh entertainment. Everi Holdings showcased over 40 diverse games across seven of its latest hardware platforms at the Indian Gaming Tradeshow & Convention in April 2025. Specifically, they highlighted new themes available on the Dynasty Sol™ video portrait cabinet. While Q1 2025 Games revenue was softer at $83-$88 million compared to $97 million the prior year, the pipeline of new, differentiated content was the ongoing promise.

Enhanced operational efficiency via compliance and jackpot management software (JackpotXpress)

Efficiency comes from automation, and JackpotXpress was a key part of that story. While I don't have the exact late-2025 location count, historical data from 2023 showed over 90 JackpotXpress Locations and over 110 QuikTicket Locations. This software helps operators manage jackpot processes and compliance, which translates directly into less manual work for staff, so they can focus elsewhere.

Player loyalty and mobile engagement through the BeOn™ venue platform

The BeOn™ platform extends the casino experience beyond the physical floor. A concrete example of its late-2025 relevance is the launch of the Breeders' Cup Mobile App, powered by BeOn™ Venue technology, announced on September 23, 2025. This app offered live streaming, results, and ticket management, showing how the platform delivers a unified experience for both app and web users. It bundles gamification, loyalty, and payments to turbocharge the guest experience.

Reduced regulatory risk for operators via anti-money laundering (AML) tools (Entegrity)

Compliance is non-negotiable, and Entegrity is Everi Holdings' fourth-generation AML Compliance Platform. Its value is in providing the most advanced toolkit for AML professionals, helping operators maintain the highest level of compliance while improving staff productivity. Key modules that deliver this value include:

• Subject Manager for patron risk quantification.
• Transaction Manager for anomaly identification.
• SAR Manager for suspicious activity workflow management.
• CTR Manager for Currency Transaction Report lifecycle handling.

Here's a quick look at some of the quantitative elements supporting these value propositions, using the latest available figures:

Value Proposition Component	Metric/Data Point	Period/Context
FinTech Revenue Contribution	$93-$98 million	Q1 2025 Preliminary Revenue
Cashless/Wallet Footprint (Historical)	Over 40 Wallet Locations	As of 2023
AML Platform Generation	Fourth-generation (Entegrity)	As of April 2025
Gaming Content Showcase	Over 40 diverse games	IGA 2025 Display
Mobile Platform Deployment	Breeders' Cup Mobile App Launch	September 2025

The entire FinTech portfolio, which includes these compliance and payment tools, was critical, as its preliminary Q1 2025 revenue grew slightly year-over-year, showing stable transaction volumes even as the Games segment faced headwinds. The strategic value was in offering integrated solutions that spanned the entire patron journey, from funding to loyalty tracking.

Finance: draft 13-week cash view by Friday.

Everi Holdings Inc. (EVRI) - Canvas Business Model: Customer Relationships

You're looking at how Everi Holdings Inc. locks in its casino and gaming operator clients; it's all about deep integration and long-term commitments, which is key for that FinTech recurring revenue stream.

Dedicated account management for long-term casino operator contracts is the backbone here. These aren't month-to-month deals; they are structured to keep the relationship stable for years. A prime example is the seven-year strategic relationship announced in October 2025 with Churchill Downs Incorporated (CDI) to deploy a wide range of Everi FinTech products across their properties. This mirrors the existing structure where gaming equipment is often placed under multi-year placement contracts; as of the end of 2023, more than 25% of the total installed base of gaming machines were under such multi-year agreements.

The relationships are definitely sticky, especially on the FinTech side. Revenue earned on transactional activity under these multi-year service contracts-typically 3-5 years-helps build that durable revenue base. To give you a sense of the depth, the average length of Everi Holdings Inc.'s Top 30 customer relationships was reported to be in excess of 12 years, based on LTM 3Q-2023 data. This stickiness is what supports the high recurring revenue component, which historically represented approximately 73% of LTM 3Q-2023 revenues. For Q1 2025, FinTech total revenues hit $95,570 thousand.

Here's a quick look at the duration and scale of some key customer commitments:

Relationship Type/Metric	Term/Value/Metric	Data Point Context
Churchill Downs Inc. FinTech Agreement	Seven-year term	Announced October 2025.
New York Lottery Central System Agreement	Through December 2029	System maintained for approximately 17,300 VLTs as of December 31, 2024.
Top 30 Customer Relationship Duration	In excess of 12 years	Average length reported as of LTM 3Q-2023.
Gaming Machine Multi-Year Placements	More than 25% of installed base	Units under multi-year placement contracts as of LTM 3Q-2023.

For the gaming equipment and content licensing, the sales and support model is high-touch, defintely necessary for complex hardware and revenue-sharing arrangements. This contrasts with the self-service options that are increasingly important for patron convenience. You see this in the deployment of integrated financial kiosks and mobile apps, which allow patrons to manage their own transactions. The Software & Other revenue stream, which includes support services for kiosks, loyalty, and compliance solutions, grew by 5% in fiscal year 2024.

The move toward integrated digital experiences also relies on strategic, co-development partnerships. For instance, the BeOn™ Venue Platform from Everi (now part of IGT) powers the Churchill Downs Racetrack mobile app, showing how they embed their technology directly into the operator's digital front door. This integration helps Everi Holdings Inc. expand its footprint; as of December 31, 2024, approximately 59.9% (or about 9,554 units) of the total installed base was outside of the historical Oklahoma tribal market, showing successful expansion into new client environments.

• Critical software and services, like player loyalty and regulatory compliance software, are generally provided under annual or multi-year agreements.
• The FinTech segment offers solutions across mobile, assisted, and self-service channels.
• Hardware revenues, which include kiosk sales, declined by 15% in fiscal year 2024, suggesting a shift toward service/subscription revenue from existing installed hardware.

Finance: draft 13-week cash view by Friday.

Everi Holdings Inc. (EVRI) - Canvas Business Model: Channels

Direct sales force to casino operators for gaming and FinTech solutions.

The direct sales channel supports the entire portfolio, including the Games segment and the FinTech segment which encompasses financial access services, loyalty tools, and compliance software. Everi Compliance, the Anti-Money Laundering (AML) compliance software, is deployed in over 500 locations. The sales force also pushes the Trilogy™ loyalty platform and CashClub Wallet® technology directly to venues.

Integrated FinTech kiosks and ATMs on casino floors.

This channel is vital for the FinTech segment's financial access services. While hardware revenues declined by 15% in fiscal year 2024, the underlying financial access services revenue grew by 2% in that same year, showing resilience in transaction volume. The FinTech segment revenue for Q1 2025 was US$95.6 million, a 3.6% year-on-year rise. The company's ATM and kiosk network processes a significant volume, with historical data showing over 103 million transactions annually.

Digital distribution via iGaming platforms and mobile app stores.

The digital distribution channel is a key growth area, as the company's digital segment revenue grew by 21% in fiscal year 2024. Everi Digital offers a server-based gaming solution, the Spark™ Remote Game Server, to deliver content quickly to online operators. The BeOn™ mobile platform is system agnostic and facilitates seamless integration across the venue footprint.

Strategic partner integrations (e.g., PENN Wallet, Gulfstream Racing app).

This channel leverages the BeOn platform to extend engagement beyond the floor. Everi announced the rollout of the PENN Wallet at M Resort Spa Casino in May 2025, powered by Everi's CashClub Wallet® technology. Furthermore, the company launched the Vegas Golden Knights fan mobile wallet, VGKPay, on November 3, 2025. The BeOn platform itself features integrations with over 75 partners to reach patrons across all touchpoints.

Industry trade shows and conventions (e.g., IGA 2025) for product showcase.

Industry events serve as a primary channel for showcasing new hardware platforms and FinTech advancements. Everi highlighted over 40 diverse games across seven of its latest hardware platforms at the Indian Gaming Tradeshow and Convention (IGA) 2025 in April.

Here's a quick look at some channel-relevant metrics from recent reporting periods:

Channel Metric Category	Specific Data Point	Value/Amount
FinTech Transaction Processing	Financial Access Services Revenue Growth (FY 2024)	2% increase
FinTech Segment Revenue (Q1 2025)	FinTech Segment Revenue (Q1 2025)	US$95.6 million
Digital Growth	Digital Segment Revenue Growth (FY 2024)	21% increase
Compliance Reach	AML Compliance Software Deployments	Over 500 locations
Mobile Platform Reach	BeOn Platform Partner Integrations	Over 75 partners

The distribution of Everi Holdings Inc.'s offerings relies on a mix of direct sales, installed base management, and digital expansion. You can see the segment revenue breakdown that these channels feed into:

• Gaming Operations (Leased Machines): Accounted for 37% of a prior period's revenue breakdown.
• Financial Access Services (Kiosks/ATMs): Accounted for 27% of a prior period's revenue breakdown.
• Software & Other (Recurring FinTech): Accounted for 9% of a prior period's revenue breakdown.

The company is definitely focused on expanding its digital and FinTech rails to maintain stability against hardware cycles.

Everi Holdings Inc. (EVRI) - Canvas Business Model: Customer Segments

You're looking at the customer base for Everi Holdings Inc. as it integrates following the late 2025 acquisition by Apollo, forming a new entity operating under the IGT brand in many cases. This combination significantly reshapes the target market, creating a platform aiming for one-stop shopping across land-based, digital, and fintech solutions.

The customer base is segmented across the core offerings, which, based on Fitch Ratings' analysis of the combined Everi/IGT Gaming entity, showed a diversified revenue stream split:

Revenue Stream (Combined Entity)	Percentage of Revenue
Gaming Operations	29 percent
Gaming Sales	23 percent
Systems and Software	23 percent
FinTech	15 percent
Digital	10 percent

This structure reflects the breadth of the customer base, which spans traditional gaming floors to modern digital platforms. Honestly, the stickiness of the existing relationships is a major asset here.

Land-based casino operators (Class II and Class III, Tribal and Commercial)

This group forms the historical core. Everi Games provides gaming technology, including Class II and Class III slot machines, to Native American and commercial casinos. The combined entity is expected to command a significant North American installed base.

• Expected combined installed base of slot units in North America: approximately 70,000 units.
• Everi Games provides comprehensive content and electronic gaming units for Native American and commercial casinos.
• The company places leased gaming machines generally on a shared-revenue basis.

Digital iGaming and online sports betting operators

This segment, represented by the 10 percent Digital revenue share in the combined entity, targets online platforms. Everi develops and supplies content for iGaming operators.

Hospitality and entertainment venues (e.g., T-Mobile Arena)

The FinTech and loyalty solutions extend beyond the main casino floor to broader venue operations. Everi supplies player loyalty tools and mobile-first applications for the casino, sports, entertainment, and hospitality industries.

• FinTech accounted for 15 percent of the combined entity's revenue streams.
• The company's mobile services, like BeOn, integrate technology across the operator footprint, featuring integrations with over 75 partners.

International gaming markets (Canada, Australia, UK/EU expansion)

Everi develops and supplies gaming systems and services for operators in the United States, Canada, and internationally. Strategic growth plans have included internationalization of content and obtaining European licenses to enter new markets.

Gaming patrons using financial access and loyalty services

These are the end-users of the FinTech segment, which provides services like financial access and compliance tools to the operators serving them. The relationships with the operators serving these patrons are notably long-lasting.

Customer Relationship Metric	Value
Average length of Top 30 customer relationships	in excess of 12 years
Recurring nature of Software & Other	74 percent
Recurring revenue (LTM 3Q-2023)	$598 million

The FinTech segment provides services like CashClub Wallet and loyalty platforms, which directly impact the patron experience. For context on the pre-acquisition structure, preliminary Q1 2025 FinTech revenue was estimated between $93 million and $98 million.

Finance: confirm the Q3 2025 segment revenue split for the newly combined entity by next Tuesday.

Everi Holdings Inc. (EVRI) - Canvas Business Model: Cost Structure

You're looking at the expense side of Everi Holdings Inc. (EVRI) as of late 2025, focusing on the hard numbers that drive their operations, especially in light of the pending acquisition by an Apollo-led newco.

Significant R&D investment in new game themes and FinTech software is a constant drain, necessary to keep the content fresh and the FinTech solutions competitive. While explicit Q1 2025 R&D spend isn't broken out separately from operating expenses in the preliminary data, the 2024 outlook suggested R&D expense would remain at 8% to 8.5% of consolidated revenues. Using the reported Q1 2025 total revenue of \$181.30 million, this implies an R&D spend in the range of approximately \$14.50 million to \$15.41 million for that quarter alone, before considering any potential acceleration or deceleration post-merger announcement.

Cost of goods sold (COGS) for manufacturing gaming cabinets and hardware is embedded within the Games segment's revenue structure. The gross margin for the three months ended March 31, 2024, expanded to 80.9%, driven by a revenue mix shift away from lower-margin gaming equipment and hardware sales. For Q1 2025, Hardware revenue in the FinTech division was \$12.83 million. The COGS for the Games segment, which generated \$85.73 million in revenue for Q1 2025, is not explicitly stated, but the margin expansion suggests COGS is relatively low for the higher-margin operations and financial access services.

Sales, general, and administrative (SG&A) expenses, including transaction costs, are substantial. The 2024 outlook suggested consolidated operating expenses, excluding non-cash compensation and non-recurring costs, would be between 28% - 29% of consolidated revenues. Based on Q1 2025 revenue of \$181.30 million, this translates to an underlying operating expense base of approximately \$50.76 million to \$52.58 million for the quarter. To give you a concrete example of transaction costs, the company incurred \$15.7 million in one-time professional fees and retention costs related to the planned merger in the first quarter of 2024.

Debt servicing costs are directly measurable through cash interest paid. For the three months ended March 31, 2025, cash paid for interest was \$24,156 thousand, or \$24.16 million. This cost is serviced against the backdrop of the specified debt load.

The required debt load figure is confirmed by the prompt and supported by recent filings. The debt load as of March 31, 2025, is approximately \$904-\$1,000 million. This figure is relevant as the transaction financing involved repaying Everi's approximately \$1 billion debt obligations.

Here is a breakdown of the key cost structure components based on the latest available figures:

Cost Component	Specific Metric/Period	Amount (USD)
Total Debt Load (Approximate)	As of March 31, 2025	\$904-\$1,000 million
Cash Paid for Interest (Debt Servicing Proxy)	Three Months Ended March 31, 2025	\$24,156 thousand
Estimated R&D Expense (Based on 8.0% of Q1 Revenue)	Q1 2025 Revenue Proxy	\$14.50 million
Estimated Operating Expenses (SG&A Proxy, Low End)	Q1 2025 Revenue Proxy (28%)	\$50.76 million
Merger-Related Transaction Costs (Reference)	Three Months Ended March 31, 2024	\$15.7 million
FinTech Hardware Revenue (Component of COGS consideration)	Q1 2025	\$12.83 million

You should note the structure of the liabilities as well. Total non-current liabilities stood at \$984,158 thousand as of March 31, 2025.

The primary drivers of variable cost are tied to transaction volumes within the FinTech segment, which processed a record \$12.4 billion of funding to customers in Q1 2024.

• FinTech segment preliminary revenue for Q1 2025 was \$93-\$98M.
• Games segment revenue for Q1 2025 was \$85.73 million.
• Net Income for Q1 2025 was \$3,923 thousand.
• Diluted Earnings Per Share for Q1 2025 was \$0.04.

Finance: draft 13-week cash view by Friday.

Everi Holdings Inc. (EVRI) - Canvas Business Model: Revenue Streams

You're looking at how Everi Holdings Inc. actually brings in the cash, which is a mix of steady, recurring service fees and less predictable equipment sales. As of late 2025, the business model leans heavily on its FinTech segment for stability, even as the Games segment faces headwinds.

The preliminary figures for the first quarter of 2025 show total revenue landing in the range of $176-$186 million. This represented a slight dip year-over-year from the $189 million reported in Q1 2024. The FinTech side proved resilient, while the Games segment saw continued softness.

Here's a look at the components making up that revenue picture based on preliminary Q1 2025 results:

Revenue Stream Category	Q1 2025 Preliminary Revenue (Millions USD)	Related Segment/Metric
Recurring FinTech Revenue (Total)	$93-$98	FinTech Segment Total
Recurring Games Revenue (Participation/DWPU)	$63.49	Gaming Operations Revenue
One-time Sales (Equipment & Systems)	$22.23	Gaming Equipment and Systems Revenue
Software & Subscription Fees (Proxy)	$27.29	FinTech Software and Other Revenue
Total Reported Revenue (Specific)	$181.30	Total Revenue Q1 2025

The recurring nature of the FinTech business is key here. For the full fiscal year 2024, for example, recurring revenues hit $607.2 million, which was 75% of the total revenue for that year. That's the engine that keeps things running smoothly.

Let's break down those FinTech revenue streams further, using the Q1 2025 specific data points available:

• Recurring FinTech revenue from financial access services (transaction fees) is represented by the Financial access services component, which brought in $55.45 million in Q1 2025.
• Software and subscription fees for compliance and loyalty platforms are primarily captured in the Software and other category, generating $27.29 million in Q1 2025.
• Hardware sales within FinTech added $12.83 million in the quarter.

For the Games segment, the recurring revenue component is tied to the installed base performance. The daily win per unit (DWPU) metric is critical for this. We saw pressure on this in the prior period, with the Q3 2024 DWPU at $33.63, which was down 7% year-over-year. The Q1 2025 Games revenue, which includes both operations and equipment sales, totaled $85.73 million.

One-time sales of gaming equipment and systems are clearly delineated. In Q1 2025, this revenue stream amounted to $22.23 million. This contrasts with the full fiscal year 2024, where Gaming equipment and systems revenues declined by 19% due to fewer units sold.

To give you a sense of the scale of the underlying transaction business that drives the recurring FinTech fees, in fiscal year 2024, Everi Holdings processed 144.3 million Financial Access transactions, representing a total value processed of $47 billion. That's a massive flow of money that the transaction fees are based on. Finance: draft 13-week cash view by Friday.