Everi Holdings, a company that develops casino products and financial solutions, expands its services. The brand partnered with the developer Venuetize Inc by signing a lucrative deal, which is set to benefit both groups. The acquisition of particular assets is supposed to take place.
The agreement will assist Everi with preserving an existing customer base and improving the technologies that are designed to engage visitors. Even though the deal was announced, a lot of specific information about it is still unknown.
About Venuetize
The company that Everi has signed a deal with is a private enterprise that focuses on developing mobile technologies. Additionally, the specialists from this group offer programs for involving end customers.
Some of the main services that the company provides are payment platforms. These can be connected to any online casino or land-based equipment.
Venuetize assists in the following industrial sectors:
- sports;
- hospitality;
- entertainment.
Comments from Everi
The company’s representative Randy Taylor mentioned that the new acquisition will be an incredibly smart business decision for his group. It will prove that the enterprise is more than just a provider of gambling solutions. The deal also matches the strategic plans of the establishment.
The previous decisions of the company were incredibly successful, as they helped the company to expand its influence and products into new territories. Mr Taylor concluded by saying that the group will acquire certain assets and a base of clients from its new partner.
Darren Simmons, who also works at Everi, echoed the words of his colleague, saying that the revenue of their business will only expand thanks to the new deal. In his opinion, it would be a great idea to join the forces of both groups and provide even more quality offerings for the customer base.
More Contract Details
As the expansion of the company in the gambling sector continues, it is expected that Venuetize will also assist the partner business in mobile-focused production. The two collaborators are also planning to combine and expand their variety of releases.
The deal will be fully closed in 30 days and is expected to be funded with available cash. The employees who previously worked at the acquired group will officially become a part of Everi after all the assets are passed there.
Recently, Everi also announced the release of new slot machines. There will be over 50 fresh products from the provider that players will soon be able to enjoy.
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