Everi Moves Production to Las Vegas
Author:
Muhammad Gregory
Everi Holdings will quit manufacturing in the state of Texas and will move all production to a brand-new facility in Las Vegas, Nevada. The business already produces self-service cash access kiosks, loyalty kiosks and other products in Las Vegas. All of its production, assembly and distribution in the gambling capital will move to the new 182,500sq ft site.
Everi Holdings has announced that it will cease manufacturing its gaming machines in the state of Texas and will move all production to a brand-new facility which is under construction in Las Vegas, Nevada. ?12019/Pixabay
Construction of New Las Vegas Production Facility is Already Underway
Retail casino technology manufacturer Everi Holdings has announced it will be ceasing the manufacturing of gaming machines at its current base in Texas and will instead shift all production to a single new facility located in Las Vegas, Nevada.
This shift will be one of consolidation, seeing as the business already produces all of its self-service fully integrated cash access kiosks, loyalty kiosks and other FinTech products in Las Vegas. The production of these goods, along with their assembly and distribution, will also be moved to the new 182,500 square foot site, along with the manufacturing of all of its gaming machines.
The new Las Vegas factory facility will also feature areas to co-locate lab facilities for both Everi Holdings’ games and FinTech businesses, along with service and customer installation teams and administrative staff, while still keeping some space available for future expansion.
The shift of the company’s FinTech production to the upcoming Las Vegas facility is expected to take place not long after construction on the site is completed, which already seems to be underway. Current production of gaming machines is based in Austin, Texas at the time of writing, and will transition in gradual phases over the next six months after construction in Las Vegas is done.
35 Employees at Former Texas Facility Being Offered to Move to New Las Vegas Facility
Important to note is that the 35 employees who are set to be affected by the transition of Everi’s production from Texas to Las Vegas will be offered the chance to relocate to the new Las Vegas facility. As an alternative, they’ll also have the chance to apply for other positions within the company. Everi specified that it predicts the planned closure and exit costs, relocation, employee retention, and other related expenses to amount to $4.5 million in 2023.
Everi president and chief executive Randy Taylor explained that the need to streamline its production capacities became evident after extensive reviews and assessments:
“As we assessed our near- and long-term operational needs, it was clear that streamlining all of our manufacturing, assembly and distribution processes into a single facility designed to our specifications would best serve the needs of our large and growing casino customer base.”– Randy Taylor, President and Chief Executive, Everi Holdings,Press Release
Taylor continued to explain the benefits of consolidating all of Everi’s manufacturing processes in Las Vegas, while also expressing praise and respect for the efforts of its Austin-based workers:
“Having all of our FinTech and Gaming products assembled and shipped from one new, modern, environmentally friendly facility in Las Vegas will provide for operational efficiencies while also helping us continue to meet our goals of providing excellent customer service throughout the entire product ordering process. We have the highest regard for our Austin employees who will be impacted by this initiative. We greatly value their contributions and will strive to make any transition as painless as possible.”
Everi Holdings Partnered with British Columbia Lottery Corporation (BCLC) in January 2023
In other Everi Holdings news, the gaming machine and financial trading services company revealed in January 2023 that it was stepping into a new partnership with the British Columbia Lottery Corporation (BCLC) in Canada. The focus of the partnership is to aid the organization’s anti-money laundering efforts in the Canadian province.
As per the deal, Everi will provide its renowned Everi Compliance anti-money laundering software to help the BCLC’s lottery, casino, bingo and online gaming operations. As of writing, the Everi Compliance product is being deployed in more than 600 gaming properties.
Darren Simmons, executive vice president and fintech business leader at Everi Holdings, emphasized the provider’s talent at catering to its clients’ needs in a flexible manner:
“Everi is committed to adapting to customer needs as the industry changes and creates exciting new opportunities. BCLC has prioritized high levels of compliance as part of the continued expansion of their fast-growing gaming operations in casinos and online platforms across British Columbia. Our RegTech solutions are designed for a wide variety of applications, and we are proud to have been chosen to support BCLC’s critical anti-money laundering program.”– Darren Simmons, Executive Vice President and Fintech Business Leader, Everi Holdings,Press Release
IGT and Betfred Partnered Up in Nevada in February 2023
Pivoting back to Nevada, the well-known lottery operator IGT deepened its presence in the US betting capital of Nevada in February 2023 thanks to an exclusive new sports betting partnership with Betfred.
Betfred will now use IGT’s PlaySports technology to power its mobile and retail sports betting offerings at the Mohegan Sun Sportsbook inside Virgin Hotels Las Vegas. While retail sports betting might take precedent here, Betfred admitted that it holds plans to roll out its mobile product in the near future.
Bryan Bennett, chief operating officer (COO) of Betfred USA Sports, highlighted IGT’s technological and regulatory experience as a driving force behind the partnership:
“IGT PlaySports’ remarkable reputation and influence in the US sports betting market, coupled with their ability to navigate complex regulatory environments, give Betfred supreme confidence in our choice to partner with IGT in Nevada. IGT PlaySports’ experienced, in-market team and proven technology will enable Betfred to scale our operation in parallel with market opportunities, and to establish a competitive and engaging betting experience in the most exciting gaming destination in the world.”
