Record gaming revenue drives growth at Everi in Q3
| By Robert Fletcher
Casino and financial technology business Everi Holdings revealed a record performance by its gaming business during the third quarter of its 2021 financial year helped drive group revenue up 49.7%.
Total revenue for the three months through to the end of September amounted to $168.3m (£123.2m/€145.2m), up from $112.4m in the third quarter of 2020, during which Everi said it was significantly impacted by the novel coronavirus (Covid-19) pandemic.
Breaking down this performance, Everi said its gaming business was the primary source of revenue in Q3, with revenue from this segment climbing 67.5% year-on-year to a record $95.8m.
Breaking down the gaming revenue further, game operations revenue was 52.3% higher at $71.6m, while game equipment and systems revenue also increased by 137.3% year-on-year to $24.2m.