Seems like Everi is a failing company and we are getting a small % of this with the merger. I hope the shareholders do not agree to move forward with the merger. If we wait long enough, we can buy them outright for 10% of the price.
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Evri su-ks when it comes to gaming. Name a recent gaming success by Evri, I challenge you.
Lottery destroyed IGT Gaming due to no interest in gaming. A match built in heaven, i bet Si Redd is furious on whats going on.
Ex Everi VP here (came in from the Mgam acquisition)- they are definitely not doing well with the stock price down over almost 50% in the last year.
IGT’s gaming business is also not doing well. They have lost a ton of market share and the premium business is just not competitive anymore. They were once the dominant sports betting supplier in the US and that business has also gone down the drain. The only valuable business IGT has is lottery - therefore the merger.
This merger is a way for both companies and the execs to buy themselves some more time…