Everi Launches Jackpot Lockdown™ Wide-Area Progressive for Class II Markets

Las Vegas, Nevada, UNITED STATES

Company’s First-Ever Wide-Area Progressive Now Live at Four Casinos 

Features Popular Mega Meltdown® and High Voltage® Three-Reel Mechanical Themes

LAS VEGAS, March 07, 2017 (GLOBE NEWSWIRE) -- Everi Holdings Inc. (NYSE:EVRI) (“Everi” or the “Company”), the casino gaming industry’s single source provider of gaming products and payments solutions, today announced the launch of its Jackpot Lockdown™ Wide-Area Progressive (“WAP”) link developed exclusively for Class II markets.  Jackpot Lockdown, Everi’s first-ever WAP product, went live recently at four casinos in Oklahoma featuring two of the Company’s most popular three-reel mechanical game themes, Mega Meltdown™ and High Voltage™.  The new Class II WAP link and game themes are expected to debut in additional casinos in Oklahoma, Texas, California, Arizona and Wisconsin over the next several months.

Jackpot Lockdown has a base jackpot amount of $100,000 and combines the popular Mega Meltdown and High Voltage games with a large linked progressive platform and unique math model to heighten player excitement and engagement.  Jackpot Lockdown also features the Company’s recently introduced Foundation™ sign, a visually stimulating 65-inch sign package with LCD monitors that amplifies the celebration of a big win.   

Executive Vice President and Games Business Leader, Dean Ehrlich, commented, “The launch of our first proprietary WAP link is a significant step towards further positioning our Games business as a premiere electronic gaming machine supplier of choice.  Our game design and engineering teams have created an innovative WAP solution with an expected jackpot hit rate that is sure to keep players engaged with the chance to feel the excitement of a large progressive jackpot win.  Importantly, by launching Jackpot Lockdown for our Class II customers, we are helping them to address unmet player demand for these exciting large jackpot opportunities.  We expect to expand into additional Oklahoma casinos and other Class II markets in the coming months.

“To support our customers with the launch of Jackpot Lockdown we are commencing a comprehensive marketing program which includes in-casino promotions, celebrations of large jackpot wins, and social media awareness campaigns.  Jackpot Lockdown provides Everi with a unique opportunity to fortify and grow our commitment to support Class II casino operators while establishing a new product line that we expect will help us grow our gaming operations business.  The launch later this year of our Class II WAP games featuring licensed content will further support our growth initiatives.”

About Everi Holdings
Everi Holdings is dedicated to providing video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions and compliance and efficiency software. The Company’s Games business provides: (a) comprehensive content, electronic gaming units and systems for Native American and commercial casinos, including the award winning TournEvent® slot tournament solution; and (b) the central determinant system for the video lottery terminals installed at racetracks in the State of New York. The Company’s Payments business provides: (a) access to cash at gaming facilities via Automated Teller Machine cash withdrawals, credit card cash access transactions, point of sale debit card transactions, and check verification and warranty services; (b) fully integrated gaming industry kiosks that provide cash access and related services; (c) products and services that improve credit decision making, automate cashier operations and enhance patron marketing activities for gaming establishments; (d) compliance, audit and data solutions; and (e) online payment processing solutions for gaming operators in states that offer intrastate, Internet-based gaming and lottery activities.

Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements often address our expected future business, plans, objectives and financial performance, and often contain words such as “goal,” “target,” “future,” “estimate,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “project,” “may,” “should,” or “will” and similar expressions to identify forward-looking statements. These forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those projected or assumed, including, but not limited to, the risks identified in the "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Business" sections of our Annual Report on Form 10-K for the fiscal year ended December 31, 2015, as applicable, and the other risks identified from time to time in our other press releases, reports and filings with the SEC.  If any of our projections or assumptions prove to be incorrect, our actual results and the timing of certain events could differ materially from the forward-looking statements.


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