Despite the company reporting a drop in revenue through the first quarter of this year, Everi’s digital division enjoyed a successful Q1 thanks to its online casinos.
Everi Q1 Revenue Report
The growing popularity of online casinos in the US has definitely helped Everi during the first three months of 2024, with its digital division succeeding more than expected.
Online casinos are only set to spread in the US, as more states continue to legalize online gaming with each month that passes by. With the iGaming business only getting bigger, Everi can expect a similar rise in profits from its digital division in the remaining quarters of the year.
Speaking on a call following the Everi Q1 revenue report, executive Vice President and treasurer of Everi Mark Labay stated: “Digital continues to be an important part of our business a great avenue for growth again.
“Just a little over $7.3Million of revenue, so a nice year-over-year growth probably about 12%, 13% growth on a year-over-year basis in terms of performance there. So it’s again progressing nicely and continue to grow along path with our expectations.”
Labay believes that online gaming is the way forward and should it continue at the same pace, Everi should enjoy a successful year according to projections.
Everi Digital Division Continues To Expand
This year Everi is only planning on growing its digital division and to kick off 2024, the company chose to roll out 89 games to online casinos.
Caesars gaming has already added 70 of Everi’s games to its portfolio this year with more of a selection expected to be made available in the coming months. Everi is also hoping to expand its selection of table games available to customers this year with currently only two available for users.
Finally Everi plans on adding a wider range of slot games to their digital portfolio, with slots being one of the most popular forms of gambling within online casinos.
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