Everi Holdings Tuesday announced it has started constructing a new Las Vegas facility. When completed, the new site will consolidate manufacturing, assembly, and distribution of gaming machines in Austin, Texas, with a Las Vegas facility that assembles self-service cash access kiosks, loyalty kiosks, and other FinTech products.
When construction of the new facility is completed, 35 employees at the Austin site will be offered the opportunity to relocate to Las Vegas or apply for other positions in the company.
Everi estimates it will incur expenses of approximately $4.5 million in 2023 related to planned closure and exit costs, relocation, employee retention, and other associated costs for the transition to the new facility.
“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,” said Everi President and CEO Randy Taylor in a statement. “Having all of our FinTech and gaming products assembled and shipped from one new, modern, environmentally-friendly facility in Las Vegas will provide operational efficiencies while helping us continue to meet our goals of providing excellent customer service throughout the entire product ordering process.”
The new 182,500-square-foot leased facility will include lab facilities for Everi’s games and FinTech businesses and host service and customer installation teams and administrative staff, with room for expansion to accommodate expected growth. The building is expected to meet the level three certification of the Green Globes science-based rating system, established per the Green Building Initiative, that demonstrates resource efficiency, reduces environmental impacts, and improves occupant wellness. The building will feature low-water landscaping, energy-efficient windows, automated LED lighting, high-efficiency plumbing, energy-usage tracking, and solar powered energy.
The building is scheduled to be completed in October 2023. Assembly of FinTech products at the current Las Vegas facility is expected to transition to the new facility shortly after construction is completed. Production of gaming machines currently done in Austin is expected to transition to the Las Vegas facility over six months following completion of construction.
“We have the highest regard for our Austin employees who will be impacted by this initiative,” Taylor said. “We greatly value their contributions and will strive to make any transition as painless as possible.”
