Gaming equipment provider Everi Holdings announced a deal Thursday with the British Columbia Lottery Corporation to deploy the company’s slot tournament product to the province’s 35 casinos.
Las Vegas-based Everi said in a statement that it will provide its TournEvent slot tournament system and machines. The initial shipment to 11 properties will begin next month for installation in January. Everi will provide equipment to the remaining 24 properties during the first half of 2019.
Financial terms were not disclosed. However, Stifel gaming analyst Brad Boyer told investors the installation could be worth more than $10 million in revenues to Everi between now and the second quarter of 2019.
TournEvent systems typically include 16 to 20 machines.
Boyer said it was unclear if the sale figures were included in the company’s financial projections that were provided during an investors day prior to October’s Global Gaming Expo.
“We view this morning’s announcement as fairly material for Everi,” Boyer said. “Beyond the revenue benefit, the announcement further conveys the depth and breadth of Everi’s games product suite and the momentum building behind the games business.”
Everi Executive Vice President Ed Peters said the deal with British Columbia increases the company’s presence in Canada.
“Agency approval is a testament to our innovative, easy-to-use platform,” Peters said.
