In its financial report for the first quarter of 2017, Everi Holdings has reported increases in revenue attributable to the introduction of new games.
Revenues for the three months ended March 31, 2017, were US$237.5m, an increase from $205.8m in the same period last year. Operating income increased to $22.6m from $3.8m in 2016, with adjusted EBITDA increasing from $45.7m to $54.2m.
Michael Rumbolz, president and CEO of Everi, said: “Our games segment continues to benefit from the introduction of a diverse portfolio of engaging new products, while our payments segment is extending its market leadership position through continued innovation.
“The introduction of new products, including games for our popular Core HDX gaming cabinet, and continued demand for our three-reel mechanical games has helped drive consistent improvement in unit sales. While the continued removal of third-party Class III units from the installed base impacted our business in the quarter, we are nearing the end of this challenge.
"At the same time, we have made notable progress with other components of our installed base including high single-digit year-over-year growth in our installed units outside of Oklahoma and in our total number of installed Class II units.
“We expect the recent introduction of our first Class II wide-area progressive link, Jackpot Lockdown, the addition of our first video reel licensed game for this link late this quarter, and the debut later this year of new games featuring premium licensed content will benefit both our total number of installed units and our yield as we move into the second half of the year.”
