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From One Casino to Another (EVRI)

Posted on June 3, 2020

The gaming industry is reopening this week, with the Vegas strip preparing for two months’ worth of gambler’s addiction to explode onto Sin City’s roulette wheels and blackjack tables.

The beneficiaries of this return to the lusty parlors of vice will, of course, be the casinos themselves, and it’s for that reason we turn our attention thereto.

A Mad Shakedown

America’s craving for wealth is nothing short of libidinal.  And that’s why entire businesses can devote themselves 24/7, year-round to feeding that degeneracy.

One such company is Everi Holdings (NYSE:EVRI), a small-cap operation that provides technologies for the gaming and gambling sector and ‘cash access services’ to casinos and their online amoral equivalents.

Not that we’re judging anyone…

EVRI just announced earnings last night, and we believe the market will very shortly come to look favorably on the stock.

The shares are also on a roll at the moment, as the chart below shows –  

Many happy returns,

Matt McAbby

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