GOODS & SERVICES
EVERI TO CONSOLIDATE MANUFACTURING , DISTRIBUTION IN LAS VEGAS
Everi Holdings Inc . announced that it has begun construction of a new facility that will consolidate the manufacturing , assembly and distribution of its gaming machines currently done in Austin , Texas with its self-service fully integrated cash access kiosks , loyalty kiosks and other fintech products currently assembled in Las Vegas .
The new Las Vegas facility , which will adhere to high levels of environmental and sustainable stewardship during construction and operation , is expected to streamline production and simplify supply chain processes and the distribution of completed products to customers .
The company predicts it will record approximately $ 4.5 million of expense in 2023 related to planned closure and exit costs , relocation , employee retention , and other associated costs for transition of production to the new facility .
The new 182,500-square-foot leased facility will include space to co-locate lab facilities for both games and fintech businesses , house service and customer installation teams and administrative staff , and have room for future expansion to accommodate expected growth in the business .
The building is expected to be completed in October 2023 , and is being built to Everi ’ s specifications to encompass high levels of environmental sustainability and create an employee- friendly working environment .
The building will utilize such elements as low-water landscaping , energy-efficient windows , automated LED lighting , high-efficiency plumbing , energy-usage tracking , and solar-powered energy to lessen the environmental impact of the building .
Assembly of the company ’ s fintech products at the current Las Vegas facility is expected to transition to the new facility shortly after completion of the building . Production of gaming machines currently done in Austin is expected to transition to the Las Vegas facility in stages over six months following its completion to ensure seamless distribution of products to customers .
DRY LINE PARTNERS ACQUIRES VIZEXPLORER PARENT COMPANY
VizExplorer , a leading supplier of business intelligence software to the casino gaming industry , announced that it has closed a purchase agreement with Dry Line Partners , LLC ( DLP ) under which DLP will acquire all the assets of VizExplorer ’ s parent company , VizExp ., Inc .
DLP , based in Austin and San Antonio , was formed in late 2020 by Bret Piatt , Michael Girdley and Matt Morris to acquire and operate marketleading recurring-revenue technology companies . VizExplorer is DLP ’ s second platform investment .
“ We are thrilled to have DLP as our new financial partner ,” said David Patent , president and CEO of VizExplorer . “ We have been working with the DLP team for several months and have found a great fit for our team and our business . DLP will help facilitate continued innovation and investment
in the critical strategic areas of the business .”
“ We are excited to partner with the industry veterans at VizExplorer to further expand their dominant market position in casino gaming software ,” said Matt Morris , a partner in DLP . “ Our investor base is comprised of leading technology entrepreneurs / operators , multi-generational family offices and some of the brightest minds from global investment firms .”
NOVOMATIC AMERICAS TO RELOCATE HEADQUARTERS
Novomatic Americas , the U . S . arm of Austrian gaming giant Novomatic AG , announced it will relocate its headquarters from Mount Prospect , Illinois to a new , specially designed location in Buffalo Grove , Illinois . The move is intended to enable expanded R & D and distribution capabilities . The new headquarters site is equipped with large manufacturing spaces , a high-performance distribution infrastructure and prime accessibility .
“ This is an exceptional opportunity for Novomatic Americas , offering a more spacious environment with new opportunities for working smarter ,” said Novomatic Americas CEO Rick Meitzler .
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