Everi Agrees to Acquire Atlas Gaming’s Strategic Assets
Financial services company Everi Holdings has started the process of acquiring certain strategic assets and intellectual property (IP) from Atlas Gaming in a deal expected to complete in the next 60 days.
The acquisition will see Everi take charge of Atlas Gaming’s game development technology, IP of proprietary gaming products and content, as well as a wide range of titles.
The terms of the acquisition will also include Atlas’ engineering and development staff joining Everi’s team.
According to Everi, the deal will allow the company to further enter and expand in new international markets.
Everi Holdings was formed in 2015 through a merger of financial services company Global Cash Access and gaming supplier Multimedia Games. The company offers its customers a vast collection of financial services tools to enable secure transactions and make credit and debit transactions more efficient. They also help protect against money laundering. Everi features an entertainment division that develops gaming content via its three studios, gaming systems, and cabinets.
We are excited to welcome members of the talented and experienced Atlas team to Everi. We look forward to Atlas’ game developers and engineers bringing a global perspective that will help us execute a more robust product roadmap and support our growth strategy of delivering best-in-class content. This transaction strengthens Everi’s development capabilities and will further bolster the future expansion and differentiation of our gaming products. We expect to leverage the Atlas development team and purchased assets to provide more original content for our current customer base.
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