Everi Holdings $EVRI stock has confirmed a Resurrection CrossWhen the 50 day moving average crosses above the 200 day moving average, it is called a Resurrection Cross. Conversely, when the 50 day moving average crosses below the 200 day mov... on February 28, 2023, about a week after signing a deal with 1839 Labs.
Everi Holdings is a global provider of gaming products, financial technology and gaming industry services. The company provides its customers with a diverse portfolio of products and services including gaming machines, payment systems, gaming technology, financial services, casino management systems, and more.
EVERI’S VENUETIZE ENTERS INTO STRATEGIC AGREEMENT WITH 1839 LABS
The companies will integrate their respective solutions to improve the experience of fans, spectators, and visitors inside sporting and other mixed-use venues around the world, according to a strategic agreement that Everi Holdings and 1839 Labs announced on February 21, 2023.
The long-term engagement will begin with the initial mobile deployment specific to the Balaton Gate Motor Speedway, opening this Spring, and expand the mobile experience across the property as a resort and other hospitality projects are finished. Less than an hour from Budapest, in the center of Hungary’s Lake Balaton region, is the brand-new, state-of-the-art Balaton Gate Motor Speedway, a Formula 1 and MotoGP compliant FIA grade A racetrack.
“This strategic agreement with 1839 Labs represents an important opportunity to showcase the Venuetize platform’s unique mobile-focused consumer-engagement capabilities, while also improving the platform to pursue other opportunities, with an emphasis on racetracks around the world – such as F1, NASCAR, MotoGP and other motorsports, which is a growing global market opportunity,” said Darren Simmons, Everi’s Executive Vice President and FinTech Business Leader. “As a leading mobile platform provider in the sports, venue and entertainment markets, Venuetize is an important component of our focus on mobile-first growth initiatives.”
“We are excited to be working with solutions that will greatly enhance the fan and team experiences while delivering new revenues to the venue owners,” said J.P. Bonin, CEO of 1839 Labs. “After significant market research, we concluded that the Everi’s Venuetize platform provides a key component to our Smart Buildings IoT ecosystem being deployed throughout all the Balaton Gate projects. 1839 Labs, in combination with Venuetize is creating specifically tailored fan engagement tools and other mobile-first hospitality elements. In conjunction with other proprietary technologies, we will deliver a state-of-the-art mobile experience unmatched at any other motorsports venue.”
