- Everi Holdings Inc EVRI has acquired certain strategic assets of Meter Image Capturing LLC (MIC), a privately-owned progressive meter reporting technology provider, for an undisclosed sum.
- Meter Image utilizes optical and voice recognition to accurately record and store all progressive meter data of electronic gaming machines on a casino gaming floor.
- Everi expects the acquisition to be accretive to earnings and operating cash flow.
- Everi funded the acquisition from existing cash on hand. It held $341.3 million in cash and equivalents as of June 30, 2021.
- Price Action: EVRI shares are trading higher by 7.40% at $25.97 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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