Everi Payments Has Acquired Micro Gaming Technologies

• Micro Gaming Technologies help casinos keep track of their various promotions.
• The acquisition of Micro Gaming Technologies cost around $25 million.
• Everi Holdings is aiming to be the one-stop-shop for gaming solutions.

LAS VEGAS – On Monday, Everi Payments acquired Micro Gaming Technologies (MGT).

MGT is a provider of various important technologies. Almost all retail and online casinos have promotions in one form or another. There are various technologies that keep track of these promotions. These technologies can exist in kiosks or are hosted on websites. MGT is a provider of these technologies. Now, these assets have been acquired by Everi Payments.

“The acquisition of the MGT assets will further strengthen our ability to provide our customers with a one-stop shop of comprehensive, integrated solutions that enable a seamless, convenient experience for casino patrons while delivering operational efficiencies for casino operators. By combining our existing Everi player loyalty and marketing solutions with these assets from MGT, we will be better positioned to offer our customers the industry’s most extensive suite of loyalty and marketing technology,” said Darren Simmons, vice president of FinTech.

The total cost of the acquisition was about $25 million. The payment of the $25 did not happen all at the same time. When the deal was closed, Everi paid a total of $15 million. On April 1, another $5 million will be paid. The final $5 million shall be paid on December 24, 2021.

Through this acquisition, Everi could possibly become the one-stop-shop for necessary gaming technologies. As legal gambling becomes more available in the United States, more companies are going to need gaming technology providers. This acquisition that Everi has done could help create new gaming companies all over the country.