Everi Holdings is to cease the manufacturing of gaming machines in Texas and consolidate all production at a new facility in Las Vegas, Nevada.
The business already manufactures its self-service fully integrated cash access kiosks, loyalty kiosks and other FinTech products in Las Vegas, with this production, assembly and distribution to also be relocated to the new 182,500sq ft site.
The location will include space to co-locate lab facilities for both the games and FinTech businesses, as well as service and customer installation teams and administrative staff, and have room for future expansion.
Assembly of FinTech products at the current Las Vegas facility is expected to transition to the new site shortly after construction completes, with gaming machines production currently based in Austin, Texas, to transition in stages over six months after completion.
Everi said the 35 employees affected by the transition will be offered the opportunity to relocate to Las Vegas or to apply for other positions within the business.
The business added that it expects the planned closure and exit costs, relocation, employee retention, and other associated expenses to amount to $4.5m in 2023.
“As we assessed our near- and long-term operational needs, it was clear that streamlining all of our manufacturing, assembly and distribution processes into a single facility designed to our specifications would best serve the needs of our large and growing casino customer base,” Everi president and chief executive Randy Taylor said.
“Having all of our FinTech and Gaming products assembled and shipped from one new, modern, environmentally friendly facility in Las Vegas will provide for operational efficiencies while also helping us continue to meet our goals of providing excellent customer service throughout the entire product ordering process.”
“We have the highest regard for our Austin employees who will be impacted by this initiative. We greatly value their contributions and will strive to make any transition as painless as possible.”