Why Everi Holdings Inc. Stock Jumped 19% Today
Shares of Everi Holdings Inc. (NYSE: EVRI) are soaring, trading higher by about 19% as of 11:30 a.m. EDT on the back of better-than-expected results in its second quarter.
Everi Holdings is in the business of producing and servicing gaming and payments machines for the casino industry. While its gaming business has largely stagnated, Everi Holdings is minting money in payments, which generally includes ATM and check advance services for casino customers.
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Source: Fool.com