Everi Holdings is expanding its footprint in Las Vegas with a new, 180,000-square-foot production facility in the southeast Las Vegas Valley.
The building, which is slated for completion in October, will consolidate the manufacturing and assembly of products from Everi, a supply company that provides gaming machines, cash access services and more to the casino industry.
The new facility will combine two existing production warehouses, including a smaller one in Las Vegas and another based in Austin, Texas. Everi continues to grow in the gaming business, the company’s CEO Randy Taylor said, and it was time to bring its manufacturing and assembly under one roof.
“At some point, when the company got big enough, it was always the intention to try to consolidate the two and—really being a gaming company—we’ve always wanted that consolidation to be here in Las Vegas where our headquarters are,” Taylor said.
Everi operates in two segments, Taylor explained. One umbrella is gaming, under which the company develops and assembles mechanical and video gaming machines, supports digital gaming through a remote game server and supports the system of video lottery terminals in New York state.
The second umbrella is FinTech—the company’s cash access arm—which assists with ATM transactions, debit, credit and check services within casinos, provides products to support patrons accessing money to play, and more.
While the Austin location is a hub for manufacturing gaming machines, the existing Las Vegas location assembles loyalty kiosks and other FinTech products. The new facility—which Taylor noted will be environmentally friendly, complete with solar panels above the covered parking spaces and charging stations for electric cars—will consolidate and assemble both, Taylor said.
“We think it will be more efficient, because … there’s software related there,” he said. “So it should be very efficient, and we can use people that work on the kiosks to work on the games, or vice versa, depending on what type of orders we have to run through. So we think it’d be very efficient overall for the company to consolidate these two.”
The new facility, located east of the Las Vegas Strip just off Interstate 215, will not only be a hub for production but also home to labs for development of gaming hardware and software.
About 20 employees from the existing Las Vegas warehouse south of the Strip will move to the new facility, Taylor said. Everi is hopeful that some of the employees from Austin will relocate here, and Taylor noted that gaming manufacturing will transition from the old facility in Texas to the new one in Nevada over about six months.
Everi expects to add about 50 new employees to the Las Vegas Valley, Taylor said, as the company hires new team members in both assembly and development, with additional room for growth.
“[We’ll] probably start hiring for that in the next few months—slowly higher up, because we can train some of those at the current facility so that they’re ready to go in October,” he said.
There are many benefits of consolidating production in Las Vegas, Taylor said, not least of which is the ability of Everi development teams and manufacturers to go directly to the casinos and see what is happening or being built within the industry.
He also pointed to Las Vegas labor and the Harry Reid International Airport as beneficial to the gaming company.
Ultimately, there’s a lot the city can offer for Everi, which Taylor said he expects to continue growing.
“We really feel like we’re a growing company,” he said. “And we’ve got a lot of opportunity ahead of us. And we’re very bullish on the gaming industry and being a supplier in that industry.”
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