Law firm Addisons has advised Everi Holdings Inc. on its subsidiaries acquisitions of ecash and Atlas.
Everi Holdings Inc. (“Everi”) is a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions.
On Monday, 1 March 2022, Everi’s subsidiary, Everi Technology Pty Ltd., completed the acquisition of ecash Holdings Pty Ltd (“ecash”), an Australia-based developer and provider of innovative cash handling and financial payment solutions principally for the broader global gaming industry. The acquisition of ecash will provide Everi with a complementary portfolio of new customer locations throughout Australia, Asia, Europe and the United States.
Randy Taylor, Everi’s President and Chief Operating Officer said of the transaction “ecash is a strategic addition to our growing global portfolio that will provide Everi with an entry into the large Australian gaming market thanks to their experienced team, proven product portfolio and established customer base.”
In addition to ecash, Everi Technology Pty Ltd. completed the acquisition of certain strategic assets (including game development technology and intellectual property) of the Atlas Gaming group of companies (“Atlas”) on Friday, 4 March 2022. Atlas is an Australia-based developer and provider of proprietary gaming content and products.
The Addisons team advising was led by Managing Partner Kieren Parker (Corporate) and Partner Jamie Nettleton (Gambling Law), whose team is also advising Everi on the regulatory aspects of establishing its operations in Australia. Kieren and Jamie were assisted by Senior Associates Rebecca Dooley (Corporate) and Shanna Protic Dib (Gambling Law), and Senior Paralegal Jessenia Prado Banton (Gambling Law).
Kieren Parker, Managing Partner said, “Congratulations to Everi on the successful acquisitions of ecash and Atlas Gaming. These transactions are further examples of the close teamwork of our Corporate and Gambling teams that provides our clients with expert and specialist advice.”
Jamie Nettleton, Gambling Law Partner, added, “We are pleased to be assisting Everi, a leading global gaming company, on launching their Australian business and understanding the Australian regulatory environment.”
Everi’s mission is to lead the gaming industry through the power of people, imagination, and technology. Focused on player engagement and assisting our casino customers to operate more efficiently, the Company develops entertaining game content and gaming machines, gaming systems, and services for land-based and iGaming operators. The Company is also the preeminent provider of trusted financial technology solutions that power the casino floor while improving operational efficiencies and fulfilling regulatory compliance requirements, including products and services that facilitate convenient and secure cash and cashless financial transactions, self-service player loyalty tools and applications, and regulatory and intelligence software. For more information, please visit www.everi.com, which is updated regularly with financial and other information about the Company.
Everi Press Release: Everi to acquire financial technology provider – Ecash Holdings Pty Ltd.