Exhibit 99.1

EVERI REPORTS 2017 FOURTH QUARTER AND FULL YEAR RESULTS

Q4 Revenues of $247.9 Million, Net Loss of $25.0 Million, Inclusive of a $37.1 Million Loss on Extinguishment of Debt, and Adjusted EBITDA of $51.3 Million

Provides Outlook for 2018 Revenue and Adjusted EBITDA Growth

Las Vegas, NV – March 13, 2018 – Everi Holdings Inc. (NYSE:EVRI) (“Everi” or the “Company”) today reported financial results for the fourth quarter and full year ended December 31, 2017.

Consolidated Full Quarter Comparative Results (unaudited)

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Michael Rumbolz, President and Chief Executive Officer of Everi, commented, “Our strong fourth quarter operating results mark Everi’s sixth consecutive quarter of revenue and Adjusted EBITDA growth which reflect, in part, consistent market share gains for the broad array of casino industry technology products we provide.  For the full year, revenue increased 13.4% to $974.9 million and Adjusted EBITDA rose 7.5% to $212.8 million, which exceeds the upper end of our guidance range.  This success is a direct result of our focus on innovation to further expand what is already the industry’s most diverse portfolio of gaming technology solutions.  We continue to gain traction in the market by enhancing our existing products and providing new product offerings to help our customers engage more closely with their guests and more productively manage their operations.

“Through the efforts of the entire Everi team, over the last two years we have established a solid foundation for consistent growth and we will continue to build and expand on this progress.  Our industry-leading Payments systems are stronger than ever. This is true of our traditional cash access products and our newer solutions, such as our comprehensive Everi Compliance portfolio, which are collectively driving consistent growth.  For the full year, Payments revenue increased 16.4% and Adjusted EBITDA rose 18.1% powered by a high level of competitive take outs, wins at new casino openings, expansion of our cash access services into Canada and very strong growth in our compliance revenue.  We are pleased with the success Everi has achieved as we expand our already market-leading Payments systems and operations.  

“We also achieved notable success in our Games segment in 2017.  We expanded our product diversity for the slot floor with the introduction of our first wide-area progressive link, new licensed content themes, and a new gaming cabinet form factor, the Empire MPX™ (“E43”). The performance of our newest games and cabinets led to improvements in our daily win per unit, which increased year over year in the fourth quarter for the first time in eight quarters.  In the first half of the year we stabilized our installed base and then returned to unit growth, ending the year with 13,296 installed units.  Importantly, we have built a solid base that includes more than 350 wide-area progressive games at 2017 year-end.  We expect to further grow our installed base and return to achieving consistent year-over-year growth in daily win per unit going forward.  In July, we also secured the placement of approximately one third of our installed base for almost seven years with the execution of a new placement arrangement with our largest customer in Oklahoma.  

“In our product sales category, the positive player and customer response to our Core HDX™ video cabinet, our Player Classic^® mechanical reel cabinet and our newly introduced E43 large format single-screen cabinet helped to deliver a 23% year-over-year increase in unit sales to 3,647 units.  The approximately 25% increase in revenue from gaming equipment sales was the primary reason for the return to revenue growth of our Games segment in 2017.

“Over the course of 2017, the Company’s strong operating performance and a favorable capital markets environment created an opportunity to complete a series of financing transactions that based upon current rates lowered our expected overall annual cash interest expense by almost $20 million.  Looking ahead, we anticipate continued success across both of our business segments will lead to further growth in our financial performance as we expect 2018 Adjusted EBITDA will be between $225 million to $230 million.  This outlook, combined with significantly lower cash interest expense, is expected to benefit our free cash flow generation in 2018, and lead to an even more significant acceleration in free cash flow generation beginning in 2019.  

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Today, Everi is a leading gaming industry technology provider that is transforming the gaming floor and we look forward to continuing to build on our many successes.”

Fourth Quarter 2017 Results Overview

Revenues for the fourth quarter of 2017 increased 14.0% to $247.9 million from $217.5 million in the fourth quarter of 2016.  Games and Payments segment revenues were $57.0 million and $190.9 million, respectively, for the fourth quarter of 2017.  The Company reported operating income of $18.1 million for the fourth quarter of 2017 compared to an operating loss of $140.0 million in the prior-year period. The 2016 fourth quarter operating loss included a non-cash goodwill impairment charge of $146.3 million.

The Company recorded a loss before income tax of $48.8 million in the fourth quarter of 2017 compared to a loss before income tax of $164.7 million in the fourth quarter of 2016.  The loss before income tax for the three months ended December 31, 2017 included a $37.1 million loss on early extinguishment of debt related to the Company’s repricing of its First Lien Term Loan and refinancing of its former Senior Unsecured Notes.

In the fourth quarter of 2017, the Company recorded a non-cash income tax benefit of $23.8 million compared to a provision for income taxes of $52.6 million in the fourth quarter of 2016.  The income tax benefit recognized in the fourth quarter of 2017 was primarily due to a reduction in the carrying value of the Company’s deferred tax liabilities as a result of the enactment of the U.S. Tax Cuts and Jobs Act of 2017.  The income tax benefit was partially offset by an increase in the valuation allowance for deferred tax assets. The fourth quarter of 2016 provision for income taxes reflected $59.6 million of non-cash income tax expense primarily related to a valuation allowance on a portion of the Company’s deferred tax assets relating to Net Operating Loss and Tax Credit carryforwards.

Net loss for the fourth quarter of 2017 was $25.0 million compared to a net loss of $217.3 million in the prior-year period. Diluted loss per share was $0.37 in the fourth quarter of 2017 compared to diluted loss per share of $3.29 in the prior-year period.

Adjusted EBITDA for the fourth quarter of 2017 increased $1.9 million, or approximately 4%, to $51.3 million from $49.4 million in the fourth quarter of 2016.  Games and Payments segment Adjusted EBITDA for the three months ended December 31, 2017 was $27.2 million and $24.1 million, respectively.  Games and Payments segment Adjusted EBITDA for the three months ended December 31, 2016 was $28.4 million and $21.0 million, respectively.

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Games Segment Full Quarter Comparative Results (unaudited)

2017 Fourth Quarter Games Segment Highlights and Recent Developments:

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Payments Segment Full Quarter Comparative Results (unaudited)

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2017 Fourth Quarter Payments Segment Highlights:

2018 Outlook

Everi today provided its forecast for 2018 financial and operational metrics.  The Company expects to generate revenue and Adjusted EBITDA growth in 2018 with Adjusted EBITDA expected to grow 6% to 8% to between $225 million to $230 million.

The Company also provided the following expectations and assumptions that underlie its 2018 financial outlook:  

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

New Revenue Recognition Standard

In May 2014, the Financial Accounting Standards Board issued a new standard related to revenue recognition, commonly referred to as ASC 606. The Company adopted the new standard effective January 1, 2018. 

In connection with the adoption of this new revenue standard, the Company expects to present certain of its cost of revenues on a net basis related to the associated revenue item, rather than a gross presentation.  The modifications are only expected to effect the presentation of the amounts reported and will not impact the actual amounts recorded to the Payments or Games segment revenues and cost of revenues; and, therefore, will not have an effect on reported operating income (loss), net loss, cash flows or the timing of revenues recognized and costs incurred.

The Company will file a separate Form 8-K with the Securities Exchange Commission today to present the impact of these rules on prior periods for comparability purposes.  Additionally, the Company will include a discussion on the expected changes to its financial statements on this afternoon’s investor conference call to discuss its 2017 fourth quarter and full year results.

Investor Conference Call and Webcast

The Company will host an investor conference call to discuss its 2017 fourth quarter and full year results at 5:00 p.m. ET.  The conference call may be accessed live over the phone by dialing (800) 289-0438 or for international callers by dialing (323) 794-2423.  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 6224496.  The replay will be available until March 20, 2018. 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,

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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, loss on extinguishment of debt, depreciation and amortization, non-cash stock compensation expense, goodwill impairment, accretion of contract rights, separation costs related to the Company’s former CEO, write-down of note receivable and warrant, loss on sale of the aircraft, and manufacturing relocation costs. 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 current credit 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,”

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“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 (a) its ability to lower its annual cash interests costs and accelerate free cash flow generation; continue expanding the segments of the gaming floor the Company’s games address; continue product innovation; drive growth for the Company’s installed base and its DWPU, and in the Company’s annual ship share over the next several years; create incremental value for its shareholders; and improve its financial profile; and (b) its guidance related to 2018 financial and operational metrics, including Adjusted EBITDA, unit sales, the installed base size and placements, DWPU, revenue and anticipated levels of capital expenditures, depreciation expense, amortization expense, cash interest expense, and income tax provision, including cash tax payments.

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 periodic reports filed with the Securities and Exchange Commission (the “SEC”), including, without limitation, our Annual Reports on Form 10-K and quarterly reports on Form 10-Q, 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 the Form 10-K or Form 10-Q to which it relates, and with 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 a leading supplier of technology solutions for the casino gaming industry.  The Company provides casino operators with a diverse portfolio of products including innovative gaming machines that power the casino floor, and casino operational and management systems that include comprehensive, end-to-end payments solutions, critical intelligence offerings, and gaming operations efficiency technology. Everi’s mission is to be a transformative force for casino operations by facilitating memorable player experiences, delivering reliable protection and security, and striving for customer satisfaction and operational excellence.

Contacts

Investor Relations

Richard Land, James Leahy

JCIR

212-835-8500 or evri@jcir.com    

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EVERI HOLDINGS INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF LOSS AND

COMPREHENSIVE LOSS

(In thousands, except loss per share amounts)

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EVERI HOLDINGS INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

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EVERI HOLDINGS INC. AND SUBSIDIARIES

UNAUDITED RECONCILIATION OF CASH AND CASH EQUIVALENTS

TO NET CASH POSITION AND NET CASH AVAILABLE

(In thousands)

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EVERI HOLDINGS INC. AND SUBSIDIARIES

UNAUDITED RECONCILIATION OF NET LOSS TO EBITDA AND ADJUSTED EBITDA AND

ADJUSTED EBITDA MARGIN

(In thousands)

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EVERI HOLDINGS INC. AND SUBSIDIARIES

UNAUDITED RECONCILIATION OF NET LOSS TO EBITDA AND ADJUSTED EBITDA AND

ADJUSTED EBITDA MARGIN

(In thousands)

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EVERI HOLDINGS INC. AND SUBSIDIARIES

RECONCILIATION OF PROJECTED NET INCOME (LOSS) TO PROJECTED EBITDA

AND PROJECTED ADJUSTED EBITDA

FOR THE YEAR ENDING DECEMBER 31, 2018

(In thousands)

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