Author: Joe Kizlauskas
Last Updated: 14th December 2022
Everi Holdings, pursuant to a new agreement to provide the central video lottery system until September 2029, has signed an expanded 10-year relationship alongside the New York Lottery.
Everi’s central system currently tracks and administers more than 17,000 video lottery terminals located at nine locations across the state of New York. The company will continue to receive a fixed percentage of net revenue from the VLTs that are installed.
New York State Gaming Commission executive director Robert Williams commented: “During the nearly 16 years that video lottery gaming has operated at racetracks across the state, the Commission has offered innovative gaming entertainment to players, which has provided a consistent source of funding for education in New York and distributed more than $250bn in prizes.
“Through the management of their central system, Everi has been a contributor to that success as a valued technological partner. We are looking forward to continuing our collaboration with the company for the next 10 years.”
The new deal follows Everi’s launch of a range of exclusive gaming content for online real-money play in Pennsylvania with the Greenwood Gaming and Entertainment operated Parx Casino.
Everi chairman and chief executive officer Michael Rumbolz explained: “We are honoured to be selected by New York state to continue to support the success of their video lottery gaming enterprise.
“With more than 150 billion individual player transactions made since beginning the operation of the central system for video lottery gaming across racetracks in the state nearly 16 years ago, we remain committed to providing a state-of-the-art system that helps make management of the New York VLTs seamless and secure.
“We are pleased the New York Lottery has once again made Everi their choice to help them achieve ongoing success from these operations during the next decade.”
Keith Riggs, senior vice president, of engineering at Everi, added: “Securing this contract extension with the state of New York would not have been possible without the significant contributions of a number of organisations within Everi throughout the competitive bid process.
“We are proud to have been awarded the contract and to have the opportunity to continue to put forth a trusted and reliable platform that serves as an important source of revenue for New York state. We believe this win is a testament to our innovative video lottery gaming central system.”