Everi Holdings Inc., a leading provider of gaming products and financial technology solutions, has announced its acquisition of Video King, a company that specializes in bingo gaming. The acquisition is expected to strengthen Everi’s position in the gaming industry and expand its product offerings.

Video King has been in the bingo gaming industry for over 40 years and has established itself as a leader in the market. The company provides a wide range of bingo products, including electronic bingo machines, bingo paper, and daubers. Video King also offers a variety of services, such as game design, marketing support, and technical assistance.

Everi’s acquisition of Video King is expected to enhance its product portfolio and provide new opportunities for growth. The acquisition will allow Everi to offer a broader range of gaming products to its customers, including electronic bingo machines and bingo paper. It will also enable the company to expand its presence in the bingo gaming market, which is a growing segment of the gaming industry.

In addition to expanding its product offerings, the acquisition of Video King will also provide Everi with access to new customers and markets. Video King has a strong presence in the North American market, particularly in the United States and Canada. Everi will be able to leverage Video King’s existing customer base and distribution network to expand its reach in these markets.

The acquisition of Video King is part of Everi’s strategy to diversify its product offerings and expand its presence in the gaming industry. The company has been investing heavily in research and development to create innovative gaming products that meet the evolving needs of its customers. The acquisition of Video King is expected to accelerate this process by providing Everi with access to new technologies and expertise.

The acquisition of Video King is also expected to generate significant cost savings for Everi. The company will be able to leverage Video King’s existing infrastructure and resources to reduce its operating costs. This will enable Everi to invest more in research and development and other growth initiatives.

In conclusion, Everi’s acquisition of Video King is a strategic move that is expected to strengthen its position in the gaming industry and provide new opportunities for growth. The acquisition will enable Everi to expand its product offerings, access new customers and markets, and generate significant cost savings. With this acquisition, Everi is well-positioned to capitalize on the growing demand for innovative gaming products and solutions.