Everi Expands Beyond Casino Gaming with Venuetize Acquisition
Everi Holdings is expanding beyond the casino gaming industry with the acquisition of Venuetize. Venueetized is a provider of gaming equipment for land-based and digital casinos. The acquisition will be funded from existing cash and is anticipated to close within 30 days subject to customary closing conditions.
Venuetize provides an advanced guest engagement and m-commerce platform for clients such as The PGA Tour, Churchill Downs, TD Garden Hub on Causeway Street, and others. Everi Holdings’ executive vice president and FinTech business leader Darren Simmons outlined that Venuetside will grow Everis base of recurring revenues and elevate the company's mobile and wallet offerings for gaming and gaming-adjacent customers.