Everi shows recovery in Q3

Total revenues still saw a 16.7 per cent fall year-on-year.
Total revenues still saw a 16.7 per cent fall year-on-year.

As the gaming industry continues to struggle with pandemic restrictions, Everi Holdings has seen signs of recovery in its third quarter.

US.- Gaming and financial technology provider Everi Holdings has shown signs of recovery in its third quarter.

Everi reported that revenues for the three months up until 30 September hit $112.1m, a huge improvement from the $38.7m it generated at the height of the pandemic’s impact in the second quarter

Gaming accounted for $57.2m of the total revenue. That’s down by 17.5 per cent year-on-year.

Total revenues saw a 16.7 per cent fall year-over-year, but Everi’s chief executive Michael Rumbolz said the results showed a “quicker than previously expected” recovery.

He added: “Our operations strengthened throughout the third quarter, with better performance at the end of the quarter compared to earlier in the quarter.

“While the future impact of the pandemic remains uncertain, our improved results highlight the resilience and strength of our recurring-revenue streams.”

Rumbolz said a steeper decline in gaming revenue was due to reduced electronic gaming sales since operators were cutting back on costs during the pandemic.