Everi returns to profit in first half as revenue more than doubles to $311.7m

| By Robert Fletcher
Casino and financial technology company Everi posted a comprehensive profit of $56.9m (£40.9m/€48.1m) for the first half of its 2021 financial year after seeing revenue more than double during the period.

Total revenue for the six months through to August 30 amounted to $311.7m, up 105.1% on the $152.0m posted in the first half of last year.

Everi’s games business proved to be the primary source of income, with revenue here rising 124.7% to $175.5m. Some $131.4m of this total came from gaming operations, with the remaining $44.1m generated through gaming equipment and systems activities.

In terms of its fintech business, revenue here increased 84.3% to $136.2m. Everi said that $83.6m of this total came from financial access services, with $32.9m from software and other and the remaining $19.8m from hardware.

Turning to costs, overall spending in the half amounted to $217.1m, up 11.7% from last year, though other expenses edged down 19.2% to $36.2m.

Read the full story on iGB North America.

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