Everi expands agreement with Alberta Gaming & Liquor Commission

(PRESS RELEASE) -- Everi Holdings Inc. has announced that it has entered into an agreement with the Alberta Gaming & Liquor Commission for the sale of 200 TournEvent units and the placement of 50 premium participation units across 28 casino properties in the province.

The new agreement expands Everi's partnership with the AGLC to now include both electronic gaming machines (EGMs) and payments solutions following the successful completion of a trial of the Company's EGMs. The Company expects the TournEvent units to go live in facilities across Alberta, Canada by early in the fourth quarter of Everi's calendar 2016. The premium participation games will be installed over the course of the second and third quarters of Everi's calendar 2016.

"For over 19 years, Everi has provided facilities in Alberta with a diverse array of payments solutions, and over the last several years, has established a strong partnership with the AGLC," said Edward A. Peters, Executive Vice President, Sales & Marketing at Everi. "This expansion of our relationship to now include our innovative TournEvent solution and a portfolio of our popular premium participation titles increases our gaming presence in the province. In particular, we are pleased that TournEvent will be featured at facilities in the province as this award-winning slot tournament solution has a multi-year track record of raising the bar of engagement and entertainment in gaming facilities."

"Everi has been a great payments solution partner and is now a valued partner for gaming entertainment solutions," said Niaz Nejad, Vice President, Lottery & Gaming Services of the Alberta Gaming & Liquor Commission. "We were extremely pleased with how well guests responded to Everi's games during our trial and are excited to expand that. TournEvent provides unique levels of engagement that we believe will create a lot of excitement throughout the province. We look forward to building on the success of our partnership with Everi and benefiting from the value they offer as a leading provider of both games and payments solutions."