Everi Holdings announced that it has signed an agreement with the British Columbia Lottery Corporation (BCLC) to deploy the award-winning TournEvent tournament system across the province’s 35 casinos.
TournEvent is Everi’s unique tournament system designed to inject excitement into the slot tournament system. The company holds the “TournEvent of Champions” every year, bringing winners of satellite tournaments across the U.S. and Canada together in Las Vegas to compete for millions in prizes, including a $1 million top prize.
The first TournEvent systems and related electronic gaming machines are expected to ship to 11 BCLC properties in December for installation in January 2019. Systems and gaming devices are expected to ship to the remaining 24 properties during the first half of 2019.
“We appreciate the BCLC’s extensive review and approval of our TournEvent system among a competitive field,” said Ed Peters, Everi’s executive vice president, sales and marketing. “As British Columbia’s slot tournament system provider of choice, Everi is excited to deploy TournEvent in casinos across the province as we continue to grow our games business in Canada. We believe agency approval is a testament to our innovative, easy-to-use platform.
“We look forward to bringing TournEvent to British Columbia as we partner with the province’s casinos to offer the industry’s leading slot tournament solution which heightens operators’ marketing efforts and brings fun and excitement to their floors.”
Stifel gaming analyst Brad Boyer, in an interview with CDC Gaming Reports, estimated the installation could pump more than $10 million in revenue to Everi by the second quarter of 2019.
“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.”
