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Everi Expands Relationship With Desert Diamond Casinos & Entertainment With Agreement to Supply Suite of Casino Gaming Equipment and Payments Solutions to New West Valley Resort

LAS VEGAS, Oct. 14, 2015 (GLOBE NEWSWIRE) -- Everi Holdings Inc. (NYSE:EVRI) ("Everi" or the "Company") announced today that it has expanded its relationship with Desert Diamond Casinos & Entertainment ("Desert Diamond") to now include an agreement for the placement of a range of the Company's electronic gaming machines and payments solutions at the West Valley Resort in Glendale, AZ which is expected to open later this year. The West Valley Resort will be the newest casino owned and operated by Desert Diamond, part of the Tohono O'odham Gaming Enterprise, an enterprise of the Tohono O'odham Nation. The new agreement builds on Everi's existing relationship with Tohono O'odham Gaming Enterprise, which currently includes placements of games at the enterprise's Tucson and Sahuarita properties.

Upon opening, West Valley Resort will feature multiple Everi gaming device banks, including the Company's revolutionary TournEvent® slot tournament system as well as a variety of video and mechanical reel gaming device titles, including Black Diamond®, Double Jackpot Gems® and Wild Wild Gems®. The new casino will also deploy a suite of Everi's payments solutions, including ATM/Cash access and check guarantee services, full-service kiosks, jackpot payment kiosks, Everi Compliance for anti-money laundering and tax reporting, and the Company's QuikMarketing services.

"Everi's position as the industry's only single-source provider of casino gaming equipment and payments solutions has enhanced our capability as a strategic partner for our customers," said Ram V. Chary, Everi President & Chief Executive Officer. "Our ability to cross-market a diverse portfolio of complementary, innovative games and payments products is a key factor in our focus on growing market share. We are also able to provide added value to casino operators through purchasing efficiencies and access to our comprehensive product solution set which offers engaging games and transactional security to patrons. Tohono O'odham Gaming Enterprise is a valued customer with a solid representation of our games products at their existing casinos and we are very pleased to expand our strategic partnership with them to address many of their gaming and technology needs at their newest property."

"We are delighted to extend our partnership with Everi and bring a broad range of their gaming and payments solutions to our new West Valley Resort," said Henry Childs, West Valley Resort General Manager. "Everi's unique combination of products and solutions will allow us to demonstrate to our local players our commitment to providing the best in casino gaming entertainment and the most secure transactions."

About Everi

Everi Holdings is dedicated to providing video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions and compliance and efficiency software. The Company's Games business provides: (a) comprehensive content, electronic gaming units and systems for Native American and commercial casinos, including the award winning TournEvent® slot tournament solution; and (b) the central determinant system for the video lottery terminals installed at racetracks in the State of New York. The Company's Payments business provides: (a) access to cash at gaming facilities via Automated Teller Machine cash withdrawals, credit card cash access transactions, point of sale debit card transactions, and check verification and warranty services; (b) fully integrated gaming industry kiosks that provide cash access and related services; (c) products and services that improve credit decision making, automate cashier operations and enhance patron marketing activities for gaming establishments; (d) compliance, audit and data solutions; and (e) online payment processing solutions for gaming operators in states that offer intrastate, Internet-based gaming and lottery activities.

About Desert Diamond Casinos & Entertainment

Desert Diamond Casinos & Entertainment with three locations in Southern Arizona (Tucson, Sahuarita, and Why), is owned and operated by the Tohono O'odham Gaming Enterprise, an enterprise of the Tohono O'odham Nation. Amenities include gaming options, hotel, fine dining and nightlife, sporting events, music, comedy, and one of the region's finest convention centers and high-tech meeting facilities. The West Valley Resort is located at 95th and Northern avenues on lands that were taken into trust by the federal government and it will generate thousands of new jobs and more than $300 million in annual economic impact. More information can be found at www.ddcaz.com, on Facebook (/DDCAZ), or on Twitter (@DiamondCasinos).

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements often address our expected future business, plans, objectives and financial performance, and often contain words such as "goal," "target," "future," "estimate," "expect," "anticipate," "intend," "plan," "believe," "seek," "project," "may," "should," or "will" and similar expressions to identify forward-looking statements. Examples of forward-looking statements include, among others, statements we make regarding the opening of the new West Valley Resort in Glendale, AZ and our growing market share. These forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those projected or assumed, including, but not limited to, the risks identified in the "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Business" sections of our Annual Report on Form 10-K for the fiscal year ended December 31, 2014 and our Quarterly Report on Form 10-Q for the quarters ended March 31, 2015 and June 30, 2015, as applicable, and the other risks identified from time to time in our other press releases, reports and filings with the SEC. If any of our projections or assumptions prove to be incorrect, our actual results and the timing of certain events could differ materially from the forward-looking statements.

These cautionary statements qualify our forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This press release should be read in conjunction with our most recent reports on Form 10-K and on Form 10-Q and the information included in our other press releases, reports and other filings with the SEC. Understanding the information contained in these filings is important in order to fully understand our reported financial results and our business outlook for future periods.

These cautionary statements qualify our forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: Media Relations Linda Trinh VP, Marketing & Promotions, Everi 512-334-7627 or linda.trinh@everi.com Investor Relations Richard Land, James Leahy JCIR 212-835-8500 or evri@jcir.com

Source:Everi Holdings Inc.