Inside Asian Gaming

APR 2019 INSIDE ASIAN GAMING 13 EVERI ACQUIRES CASINO KIOSK FIRM ATRIENT FOR US$40 MILLION years from the operator of the hotel and gaming business, E!xcite Gaming and Entertainment. However, the company was forced to close casino operations on 5 February 2017 after the Philippines gaming regulator ordered the escrow payment, with the E!xcite agreement also terminated at that time. In a filing with the Australian Securities Exchange, FCG said it has now secured the necessary funds to satisfy PAGCOR requirements to reopen Casablanca Casino, a move it described as “imminent.” FCG also revealed that AU$1.5 million of those funds have come via the termination of an agreement to operate the Mongolian National Lottery, resulting in the return of the company’s initial cash balance. GLOBAL gaming and financial equipment supplier Everi Holdings Inc has announced the acquisition of casino loyalty and marketing solutions firm Atrient. The US$40 billion transaction, comprising an immediate US$20 million cash payment with the balance to be paid within two years, sees Everi acquire assets including “existing technology related to self-service kiosks and a marketing platform as well as other intellectual property. “The company also acquired a portfolio of over 50 customer contracts representing over 100 casino locations where the platform is currently installed that provide a stream of high-margin recurring revenue related to software maintenance and support,” it said. Speaking of the Atrient acquisition, Everi President and CEO Michael Rumbolz said, “Our ability to integrate this robust player loyalty platform with our payment solutions and growing compliance suite through our already powerful proprietary network further differentiates our comprehensive offerings and enhances the overall value proposition of the FinTech services we provide to our customers. “We believe this attractive tuck-in acquisition fits perfectly into our strategy of delivering products and services that are focused on improving the guest experience, growing our FinTech transactional base and creating operating efficiencies for our customers.”