Casino operations company Everi sued by rival digital wallet provider

Casino operations company Everi sued by rival digital wallet provider

Article brief provided by Reuters
  • Mike Scarcella, Reuters
April 22, 2024 3:12 PM
  • Mike Scarcella, Reuters

A digital payments company has sued casino operations giant Everi, opens new tab for allegedly blocking platforms that give customers alternative, non-cash ways to fund gaming activities.

Story continues below

Plaintiff Koin Mobile said in its Nevada federal court lawsuit, opens new tab on Friday that Everi unlawfully forces casinos to use only its own digital payments product in a bid to dominate the nascent market for virtual wallets for gaming.

The lawsuit said Everi violates U.S. antitrust law by “tying” the use of its digital wallet to other company services involving cash-access, and through “onerous” long-term exclusive agreements that bar casinos from working with other non-Everi digital wallet providers.
Nevada-based Everi, which reported $808 million in revenue last year, long has been a provider of gaming equipment and payments, including cash-access systems for casinos.