Exhibit 99.1

EVERI REPORTS 2017 FIRST QUARTER RESULTS AND ANNOUNCES COMPLETION OF REFINANCING

Q1 Revenues of $237.5 Million, Net Loss of $3.5 Million and Adjusted EBITDA of $54.2 Million

Completes Debt Refinancing which Lowers Annual Cash Interest and Extends Debt Maturities

Las Vegas, NV – May 9, 2017 – Everi Holdings Inc. (NYSE:EVRI) (“Everi” or the “Company”) today reported financial results for the first quarter ended March 31, 2017 as summarized in the table below.

Consolidated Full Quarter Comparative Results (unaudited)

Michael Rumbolz, President and Chief Executive Officer of Everi, commented, “Our 2017 first quarter financial results, including double-digit year-over-year revenue and Adjusted EBITDA growth, reflect the fourth consecutive quarter of successful execution against our strategic operating priorities.  Our Games segment continues to benefit from the introduction of a diverse portfolio of engaging new

products, while our Payments segment is extending its market leadership position through continued innovation. 

“The introduction of new products, including games for our popular Core HDX gaming cabinet and continued demand for our three-reel mechanical games has helped drive consistent improvement in unit sales.  While the continued removal of third-party Class III units from the installed base impacted our business in the quarter, we are nearing the end of this challenge. At the same time, we have made notable progress with other components of our installed base including high single-digit year-over-year growth in our installed units outside of Oklahoma and in our total number of installed Class II units. We expect the recent introduction of our first Class II wide-area progressive link, Jackpot Lockdown, the addition of our first video reel licensed game for this link late this quarter, and the debut later this year of new games featuring premium licensed content will benefit both our total number of installed units and our yield as we move into the second half of the year.

 “Our Payments segment had a very strong first quarter as we benefited from agreements with several recently opened casinos, our first quarter of ATM services at 29 properties in Canada, strong sales of compliance solutions and another quarter of year-over-year growth in same-store transactions and cash to the floor.  Our fully EMV-compliant solutions have also helped drive more cash to the floor as they result in higher approval rates.  Overall, our ability to offer the industry’s most comprehensive and innovative suite of solutions that enhance casino operators’ ability to provide funds to the floor and operate at peak efficiency has positioned our Payments business to continue to achieve consistent growth.”

Mr. Rumbolz concluded, “Our continuing innovation in our Games and Payments businesses is helping drive consistent improvement and progress in our operating performance.  This innovation combined with the benefits of the recent debt refinancing transaction positions Everi to achieve consistent improvement going forward.” 

Completion of Refinancing

In addition, Everi also announced the completion of the previously disclosed debt refinancing transaction of its First Lien Term Loan with an outstanding balance of approximately $462 million that was scheduled to mature in 2020 and its Senior Secured Notes of $335 million that was scheduled to mature in 2021 (collectively, the “Former Facility”). The completed refinancing transaction consists of an $820 million First Lien Term Loan that is scheduled to mature in 2024 and a $35 million Revolving Credit Facility that is scheduled to mature in 2022 (collectively, the “New Facility”).  The $35 million Revolving Credit Facility replaces the Company’s former $50 million Revolving Credit Facility that was scheduled to mature in 2019.

The interest rate per annum for Eurodollar Rate borrowings per the First Lien Term Loan of the New Facility is calculated based upon LIBOR plus an applicable margin of 4.50%.  The applicable margin of the First Lien Term Loan of the New Facility is 75 basis points lower than the 5.25% applicable margin for comparable borrowings under the former First Lien Term Loan while the interest rate for amounts outstanding under the former Senior Secured Notes was a fixed interest rate of 7.25% per annum.

Randy Taylor, Executive Vice President and Chief Financial Officer for Everi, added “Our now completed refinancing transaction extends the maturity on a large portion of our outstanding debt and lowers our overall interest expense.  Based upon current interest rates, we expect the effect of this

transaction will lower our annual cash interest expense by approximately $8 million compared to our Former Facility while also enhancing our financial flexibility.  This important refinancing event combined with our expectations for full-year Adjusted EBITDA growth better position Everi to execute on our stated goal of deleveraging.”

First Quarter 2017 Results Overview

Revenues for the first quarter of 2017 increased 15.4% to $237.5 million from $205.8 million in the first quarter of 2016.  Games and Payments segment revenues were $55.3 million and $182.3 million, respectively, for the first quarter of 2017.  The Company reported operating income of $22.6 million for the first quarter of 2017 compared to operating income of $3.8 million in the prior-year period.  Operating income for the three months ended March 31, 2016 included $3.3 million for separation costs related to the Company’s former CEO.

The Company recorded a loss before income tax of $2.5 million in the first quarter of 2017 compared to a loss before income tax of $21.2 million in the first quarter of 2016.  Everi reported a net loss of $3.5 million for the first quarter of 2017 compared to a net loss of $13.2 million in the prior-year period. Diluted loss per share was $0.05 in the first quarter of 2017 compared to a diluted loss per share of $0.20 in the prior-year period. 

Adjusted EBITDA for the first quarter of 2017 increased $8.4 million, or 18.4%, to $54.2 million compared to $45.7 million in the first quarter of 2016.  Adjusted EBITDA for the three months ended March 31, 2017 included $30.1 million and $24.1 million from the Games and Payments segments, respectively.  Adjusted EBITDA for the three months ended March 31, 2016 was comprised of $28.4 million and $17.3 million from the Games and Payments segments, respectively.

Games Segment Full Quarter Comparative Results (unaudited)

2017 First Quarter Games Segment Highlights:

Payments Segment Full Quarter Comparative Results (unaudited)

2017 First Quarter Payments Segment Highlights:

Updated 2017 Outlook

Everi today updated its forecast for 2017 financial and operational metrics.  Reflecting the slightly better than anticipated performance in the first quarter of 2017, the Company raised the low end of its range for expected 2017 full year Adjusted EBITDA, with the new range now between $205 million and $209 million.  The updated outlook reflects the following key assumptions: 

For a reconciliation of projected net loss to projected Adjusted EBITDA, see Reconciliation of Projected Net Loss to Projected EBITDA and Projected Adjusted EBITDA provided at the end of this release.

Investor Conference Call and Webcast

The Company will host an investor conference call to discuss its 2017 first quarter results today at 5:00 p.m. ET.  The conference call may be accessed live over the phone by dialing (888) 471-3840 or for international callers by dialing (719) 785-1765.  A replay will be available beginning at 8:00 p.m. ET today and may be accessed by dialing (844) 512-2921 or (412) 317-6671 for international callers; the PIN number is 3446232.  The replay will be available until May 16, 2017. The call will be webcast live from the Company’s website at www.everi.com (select “Investors” followed by “Events & Presentations”).

Non-GAAP Financial Information

In order to enhance investor understanding of the underlying trends in our business, our cash balance and cash available for our operating needs, and to provide for better comparability between periods in different years, we are providing in this press release Adjusted EBITDA, Adjusted EBITDA Margin, net cash position and net cash available, which are not measures of our financial performance or position under United States Generally Accepted Accounting Principles (“GAAP”). Accordingly, these measures should not be considered in isolation or as a substitute for, and should be read in conjunction with, our (i) net earnings (loss), operating income (loss), basic or diluted earnings (loss) per share and cash flow data prepared in accordance with GAAP, with respect to Adjusted EBITDA and Adjusted EBITDA Margin, and (ii) cash and cash equivalents prepared in accordance with GAAP, with respect to net cash position and net cash available.

We define Adjusted EBITDA as earnings (loss) before interest, taxes, depreciation and amortization, non-cash stock compensation expense, accretion of contract rights and separation costs related to the Company’s former CEO. We present Adjusted EBITDA as we use this measure to manage our business and consider this measure to be supplemental to our operating performance. We also make certain compensation decisions based, in part, on our operating performance, as measured by Adjusted EBITDA; and our New Facility and existing senior unsecured notes require us to comply with a consolidated secured leverage ratio that includes performance metrics substantially similar to Adjusted EBITDA. We define Adjusted EBITDA Margin as Adjusted EBITDA divided by revenues.

A reconciliation of the Company’s net loss per GAAP to Adjusted EBITDA and Adjusted EBITDA Margin is included in the Unaudited Reconciliation of Net Loss to EBITDA and Adjusted EBITDA and Adjusted EBITDA Margin provided at the end of this release. Additionally, a reconciliation of each segment’s operating income (loss) to Adjusted EBITDA is also included. On a segment level,

operating income (loss) per GAAP, rather than net earnings (loss) per GAAP, is reconciled to Adjusted EBITDA as the Company does not report net earnings (loss) by segment. In addition, Adjusted EBITDA Margin is provided on a segment level. Management believes that this presentation is meaningful to investors in evaluating the performance of the Company’s segments.

We define (i) net cash position as cash and cash equivalents plus settlement receivables less settlement liabilities and (ii) net cash available as net cash position plus undrawn amounts available under our revolving credit facility. We present net cash position because our cash position, as measured by cash and cash equivalents, depends upon changes in settlement receivables and the timing of payments related to settlement liabilities. As such, our cash and cash equivalents can change substantially based upon the timing of our receipt of payments for settlement receivables and payments we make to customers for our settlement liabilities.  We present net cash available as management monitors this amount in connection with its forecasting of cash flows and future cash requirements. 

A reconciliation of the Company’s cash and cash equivalents per GAAP to net cash position and net cash available is included in the Unaudited Reconciliation of Cash and Cash Equivalents to Net Cash Position and Net Cash Available provided at the end of this release.

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. In this context, forward-looking statements often address our expected future business 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 the Company makes regarding its ability to introduce a diverse portfolio of new products to benefit its Games segment; ability to innovate across its Payments portfolio and further strengthen its industry-leading competitive position, expectations regarding its total number of installed units and its yield; ability to offer a deep portfolio of integrated solutions that help casino operators deliver more cash to the floor for customers and operate at peak efficiency;  increase the Payments segment performance and sales of higher margin compliance products;  ability to continue innovation in its Games and Payments businesses to drive consistent improvement and progress in its operating performance; expectations regarding the effects of the completed refinancing transaction, including the expected decrease in its annual cash interest expense; ability to execute on its goal of deleveraging; and its guidance related to 2017 financial and operational metrics, including Adjusted EBITDA, unit sales, the installed base size and placements of Class II and Class III content for the Games segment, DWPU metric, revenue and anticipated levels of capital expenditures, depreciation expense, amortization expense, cash interest expense and tax provision including payments for cash taxes.

The forward-looking statements in this press release are subject to additional risks and uncertainties, including those set forth under the heading “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our filings with the Securities and Exchange Commission (the “SEC”), including, without limitation, our Annual Report on Form 10-K for the fiscal year ended December 31, 2016 filed with the SEC on March 14, 2017 and subsequent periodic reports, and are based on information available to us on the date hereof.

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 contained herein speaks only as of the date on which it is made, and we do not intend, and assume no 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 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.

About Everi

Everi is dedicated to providing video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions and compliance and efficiency software. Everi Games provides: (a) comprehensive content, electronic gaming units and systems for Native American and commercial casinos, including both Wide-Area Progressive systems and the award winning TournEvent® slot tournament solution; and (b) the central determinant system for the video lottery terminals installed in the State of New York. Everi Payments 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. 

Contacts

Investor Relations

Richard Land, James Leahy

JCIR

212-835-8500 or evri@jcir.com    

EVERI HOLDINGS INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS

(In thousands, except loss per share amounts)

EVERI HOLDINGS INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

EVERI HOLDINGS INC. AND SUBSIDIARIES

UNAUDITED RECONCILIATION OF CASH AND CASH EQUIVALENTS

TO NET CASH POSITION AND NET CASH AVAILABLE

(In thousands)

EVERI HOLDINGS INC. AND SUBSIDIARIES

UNAUDITED RECONCILIATION OF NET LOSS TO EBITDA AND ADJUSTED EBITDA AND

ADJUSTED EBITDA MARGIN

(In thousands)

EVERI HOLDINGS INC. AND SUBSIDIARIES

RECONCILIATION OF PROJECTED NET LOSS TO PROJECTED EBITDA

AND PROJECTED ADJUSTED EBITDA

FOR THE YEAR ENDING DECEMBER 31, 2017

(In thousands)