Everi acquires strategic assets of Meter Image Capturing
| By Robert Fletcher
Casino and financial technology business Everi Holdings has acquired certain strategic assets of Meter Image Capturing (MIC), a provider of progressive meter reporting solutions to the gambling sector.
Financial terms of the deal were not disclosed, but Everi confirmed it funded the acquisition from existing cash on hand and that it expects the purchase to be accretive to earnings and operating cash flow.
Launched in February 2020, MIC’s technology uses optical and voice recognition to record and store all progressive meter data of electronic gaming machines on a casino gaming floor.
The technology, currently deployed in more than 20 casinos, collects progressive meter data and automatically provide this data to back-end audit/financial departments.