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Everi Announces Pricing of Public Offering of Common Stock

Vlad Poptamas

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Photo source: asgam.com
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Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier single-source provider of gaming products, financial technology and player loyalty solutions in the gaming industry, today announced the pricing of its previously announced underwritten public offering of 10,000,000 shares of its common stock at a public offering price of $11.25 per share (the “Offering”), for net proceeds of approximately $107,000,000, after underwriting discount but before estimated offering expenses payable by the Company.  The Company has also granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of the Company’s common stock at the public offering price. The Offering is expected to close on December 10, 2019, subject to customary closing conditions.

The Company intends to use the net proceeds from the Offering to refinance a portion of its existing indebtedness in one or more transactions, which may include the repayment of certain outstanding borrowings under the Company’s existing term loan facility and/or the redemption and/or repurchase of a portion of its outstanding 7.50% Senior Unsecured Notes due 2025. Pending the deployment of the net proceeds for such refinancing transactions, the Company may invest the net proceeds in short-term, interest-bearing, investment-grade securities.

Jefferies and Stifel are acting as joint book-running managers, Craig-Hallum Capital Group and Raymond James are acting as joint lead managers, and SunTrust Robinson Humphrey is acting as co-manager for the Offering.

This Offering is being made pursuant to an effective shelf registration statement and prospectus and a related preliminary prospectus supplement filed by the Company with the Securities and Exchange Commission (“SEC”).  This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A preliminary prospectus supplement relating to, and describing the terms of, the Offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov.

Copies of the preliminary prospectus supplement and related prospectus for this Offering can be obtained from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, New York 10022, or by email: [email protected], or by telephone: 1 (877) 821-7388; and from Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate, One South Street, 17th Floor Baltimore, Maryland 21202, or by telephone: 1 (855) 300-7136, or by email: [email protected]

Forward-Looking Statements

The forward-looking statements in this press release are subject to a variety of risks and uncertainties, including those set forth under the heading “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our periodic reports filed with the Securities and Exchange Commission (the “SEC”), including, without limitation, our Annual Report on Form 10-K for the year ended December 31, 2018, and are based on information available to us on the date hereof.

These cautionary statements qualify our forward-looking statements and you are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statements, including the sale of common stock and use of proceeds therefrom, contained herein speaks only as of the date, today December 5, 2019, on which it is made, and we do not intend, and assume no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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Conferences in Europe

Prague Gaming Summit 2020 speaker profile: Morten Ronde (CEO at Danish Online Gambling Association and Managing Partner at Nordic Gambling)

Alex Marginean

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The 4th edition of the Prague Gaming Summit will take place on 6 March 2020 and welcomes leading operators, service providers and gambling industry experts from all across Europe.

On the 6th of March at the Prague Gaming Summit, you have the opportunity to dive into several subjects, among which also the “IMGL MasterClass – The trend towards restrictions”

As mentioned in earlier press releases, Prague Gaming Summit 2020 will bring a brand new format of speeches and more trending themes as it did in the early years.

Among the leading experts that will share their latest information, you have the opportunity to hear more about the gambling industry restrictions in the Nordic countries from Morten Ronde during the IMGL MasterClass.

Morten Ronde has 20 years of experience from working in the gambling industry.

His background is in gambling regulation. He started his career in the Danish State Lottery and worked later 12 years as legal counsel for the Danish Gambling Authority. During his time as a regulator, he drafted the Danish online gambling reform that allowed for open licensing of betting and online casino operators in Denmark. The Danish gambling model is still considered one of the best gambling regimes in the world and has inspired many countries to adopt similar regulations.

Morten received the ”European Regulator of the Year Award” in 2010 from the International Masters of Gaming Law.

Since 2012 Morten has been working in the private sector of the gambling industry and has been advising clients in all sectors of the industry on regulatory affairs issues.

Morten acts as CEO of the Danish Online Gambling Association (DOGA), a trade association for online gambling operators in Denmark and as Director of Education and Association Development of the International Masters of Gaming (IMGL), the pre-eminent global gambling law network.

Do not miss this unique opportunity to learn and networking with the leaders of the industry.

Order your Delegate Pass or VIP Package (Delegate Pass +Accommodation) now!

Here is a testimonial that has been left by Vasilije Lekovic, one of the attending delegates of the 2019 edition of Prague Gaming Summit:

Prague Gaming Summit is a great place to discuss the current hot topics in the gaming industry and exchange opinions and ideas with the most relevant people from the operator, affiliate and provider sides. It was a pleasure joining the panel about the relationship between operators, affiliates and regulators and sharing my views from the Trustly perspective.

Vasilije Lekovic

Director of Gaming Accounts at Trustly

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Conferences in Europe

Prague Gaming Summit 2020 speaker profile: Kamil Popiolek (Legal Counsel at Superbet)

Alex Marginean

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Reading Time: < 1 minute

 

The 4th edition of the Prague Gaming Summit will take place on 6 March 2020 and welcomes leading operators, service providers and gambling industry experts from all across Europe.

On the 6th of March at the Prague Gaming Summit, you have the opportunity to dive into several subjects, among which also the “Market Rundown: Ukraine, Poland and Greece”

As mentioned in earlier press releases, Prague Gaming Summit 2020 will bring a brand new format of speeches and more trending themes as it did in the early years.

Among the leading experts that will share their latest information, you have the opportunity to hear more about the success of the gambling industry in Poland from Kamil Popiolek – Superbet

Kamil represents clients in concession proceedings, court proceedings, implement GDPR and AML procedures in companies.

He has worked as a Legal Counsel for several large operators in the CEE region, among which Tipsport and Fortuna. Currently, Kamil is the Legal counsel in Superbet.

Do not miss this unique opportunity to learn and networking with the leaders of the industry.

Order your Delegate Pass or VIP Package (Delegate Pass +Accommodation) now!

Here is a testimonial that has been left by Vladimir Petrov, one of the attending delegates of the 2019 edition of Prague Gaming Summit:

Prague Gaming Summit 2019 was the great challenge which showed the new regulations in Eastern Europe. Thank you Zoltan for the great organization’s and thank you for the conference which covered the new opportunities and the new ways to the operators.

Vladimir Petrov FPQP

Global Research Analyst and International Development at Efbet Casinos & Sports

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Central Europe

TVBET lends helping hand to Polish children

George Miller

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TVBET lends helping hand to Polish children
Reading Time: < 1 minute

 

Recently, TVBET representatives visited the Wroclaw children’s home (Dom opieki zastępczej Wrocław) to help children in need in Poland.

TVBET considers itself to be a responsible player in the igaming market, in connection with which it pursues a policy of social responsibility. The TVBET team had no second thought about supporting the Wroclaw children’s home, and quickly made a plan and followed it through.

Currently, around 50 children are living in this institution. The complexity of their situation is still that they do not have a clear status because the parents abandoned them, but still haven’t finished processing. Now, these kids cannot be adopted legally or transferred to other institutions.

TVBET understands that such children need special care, therefore they tried to give them the maximum of it while visiting. In addition, the nice gifts from TVBET were also presented to these brilliant kids, such as winter and everyday clothing, toys, sweets, etc.

“The truth is, they really touched our hearts. TVBET will certainly continue such initiatives in the future, and encourage other companies to also participate in the creation of comfortable conditions for all the children around the world. Together we can make our planet a better place!”

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