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Everi shares slump as business swings to loss in 2015

17th March 2016 7:19 am GMT

Gaming and payment solutions provider Everi Holdings has reported a net loss of $86.6m for the final quarter of 2015, despite posting revenue growth of 34 per cent following its acquisition of Multimedia Games.

Revenue climbed to $204.4m, including $50.5m from the company’s Games segment and a 6 per cent increase in revenue from the Payments segment to $153.9m.

Everi recorded an operating loss of $68.9m for the quarter, compared to an operating income of $0.4m a [...]

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