EVRI - Everi Holdings Could See Renewed Momentum As Nevada Governor Announces Casino Reopenings Starting June 4 2020
The expected reopening of casinos in Las Vegas, Nevada, as announced in a May 26 press release issued by the Office of Governor Steve Sisolak, could be just the boost that gaming companies like Everi Holdings (EVRI) were waiting for. After the stomach-churning drop from near $15 to near $1.50 in a matter of a month, EVRI has been gaining ground on the back of several initiatives that include borrowing $125 million against its credit facility to fight the impact of COVID-19 on the business, as well as the company's contactless and cashless FinTech solutions