Everi (EVRI) 10-Q 7 Nov 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Nov. 03, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	001-32622
Entity Registrant Name	EVERI HOLDINGS INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-0723270
Entity Address, Address Line One	7250 S. Tenaya Way
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89113
City Area Code	800
Local Phone Number	833-7110
Title of 12(b) Security	Common Stock, $0.001 par value
Trading Symbol	EVRI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		85,566,565
Entity Central Index Key	0001318568
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues
Total revenues		$ 206,600	$ 204,318	$ 615,789	$ 577,156
Costs and expenses
Operating expenses		61,014	56,354	181,596	161,230
Research and development		16,120	16,803	48,853	43,386
Depreciation		19,902	17,444	58,373	48,342
Amortization		15,202	15,303	43,739	43,582
Total costs and expenses		154,153	149,700	458,024	415,398
Operating income		52,447	54,618	157,765	161,758
Other expenses
Interest expense, net of interest income		19,925	14,880	58,031	38,522
Total other expenses		19,925	14,880	58,031	38,522
Income before income tax		32,522	39,738	99,734	123,236
Income tax provision		5,879	10,329	17,629	29,784
Net income		26,643	29,409	82,105	93,452
Foreign currency translation loss		(1,602)	(2,639)	(1,670)	(4,665)
Comprehensive income		$ 25,041	$ 26,770	$ 80,435	$ 88,787
Earnings per share
Basic (in dollars per share)		$ 0.31	$ 0.33	$ 0.93	$ 1.03
Diluted (in dollars per share)		$ 0.29	$ 0.30	$ 0.88	$ 0.95
Weighted average common shares outstanding
Basic (in shares)		87,221	90,014	87,925	91,039
Diluted (in shares)		91,245	96,436	93,162	98,306
Games
Revenues
Total revenues		$ 111,538	$ 112,520	$ 332,044	$ 323,203
Costs and expenses
Total cost of revenues	[1]	28,602	29,102	84,186	81,395
Operating expenses		22,805	19,860	64,574	57,886
Research and development		10,065	11,298	31,890	28,395
Depreciation		17,492	15,006	50,997	41,321
Amortization		11,153	11,472	32,304	31,744
Total costs and expenses		90,117	86,738	263,951	240,741
Operating income		21,421	25,782	68,093	82,462
Games | Gaming operations
Revenues
Total revenues		78,400	75,020	231,490	219,437
Costs and expenses
Total cost of revenues	[1]	10,363	6,557	25,557	18,674
Games | Gaming equipment and systems
Revenues
Total revenues		33,138	37,500	100,554	103,766
Costs and expenses
Total cost of revenues	[1]	18,239	22,545	58,629	62,721
FinTech
Revenues
Total revenues		95,062	91,798	283,745	253,953
Costs and expenses
Total cost of revenues	[1]	13,313	14,694	41,277	37,463
Operating expenses		38,209	36,494	117,022	103,344
Research and development		6,055	5,505	16,963	14,991
Depreciation		2,410	2,438	7,376	7,021
Amortization		4,049	3,831	11,435	11,838
Total costs and expenses		64,036	62,962	194,073	174,657
Operating income		31,026	28,836	89,672	79,296
FinTech | Financial access services
Revenues
Total revenues		57,158	53,296	169,032	154,051
Costs and expenses
Total cost of revenues	[1]	2,925	2,760	8,521	7,405
FinTech | Software and other
Revenues
Total revenues		24,838	22,192	73,048	59,056
Costs and expenses
Total cost of revenues	[1]	1,484	1,163	4,830	2,984
FinTech | Hardware
Revenues
Total revenues		13,066	16,310	41,665	40,846
Costs and expenses
Total cost of revenues	[1]	$ 8,904	$ 10,771	$ 27,926	$ 27,074
[1](1) Exclusive of depreciation and amortization.

UNAUDITED CONDENSED CONSOLIDA_2

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 209,378	$ 293,394
Settlement receivables	239,513	263,745
Trade and other receivables, net of allowances for credit losses of $5,177 and $4,855 at September 30, 2023 and December 31, 2022, respectively	111,513	118,895
Inventory	73,439	58,350
Prepaid expenses and other current assets	46,259	38,822
Total current assets	680,102	773,206
Non-current assets
Property and equipment, net	137,670	133,645
Goodwill	740,097	715,870
Other intangible assets, net	251,050	238,275
Other receivables	30,582	27,757
Deferred tax assets, net	528	1,584
Other assets	24,343	27,906
Total non-current assets	1,184,270	1,145,037
Total assets	1,864,372	1,918,243
Current liabilities
Settlement liabilities	410,891	467,903
Accounts payable and accrued expenses	200,258	217,424
Current portion of long-term debt	4,500	6,000
Total current liabilities	615,649	691,327
Non-current liabilities
Deferred tax liabilities, net	19,220	5,994
Long-term debt, less current portion	969,347	971,995
Other accrued expenses and liabilities	16,622	31,286
Total non-current liabilities	1,005,189	1,009,275
Total liabilities	1,620,838	1,700,602
Commitments and contingencies (Note 12)
Stockholders’ equity
Convertible preferred stock, $0.001 par value, 50,000 shares authorized and no shares outstanding at September 30, 2023 and December 31, 2022, respectively	0	0
Common stock, $0.001 par value, 500,000 shares authorized and 123,147 and 86,024 shares issued and outstanding at September 30, 2023, respectively, and 119,390 and 88,036 shares issued and outstanding at December 31, 2022, respectively	123	119
Additional paid-in capital	556,287	527,465
Retained earnings (accumulated deficit)	60,839	(21,266)
Accumulated other comprehensive loss	(5,867)	(4,197)
Treasury stock, at cost, 37,122 and 31,353 shares at September 30, 2023 and December 31, 2022, respectively	(367,848)	(284,480)
Total stockholders’ equity	243,534	217,641
Total liabilities and stockholders’ equity	$ 1,864,372	$ 1,918,243

UNAUDITED CONDENSED CONSOLIDA_3

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets
Allowances for doubtful accounts	$ 5,177	$ 4,855
Stockholders’ equity
Convertible preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Convertible preferred stock authorized (in shares)	50,000,000	50,000,000
Convertible preferred stock outstanding (in shares)	0	0
Common stock par value (in dollars per share)	$ 0.001	$ 0.001
Common stock authorized (in shares)	500,000,000	500,000,000
Common stock issued (in shares)	123,147,000	119,390,000
Common stock outstanding (in shares)	86,024,000	88,036,000
Treasury stock (in shares)	37,122,000	31,353,000

UNAUDITED CONDENSED CONSOLIDA_4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities
Net income	$ 82,105	$ 93,452
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation	58,373	48,342
Amortization	43,739	43,582
Non-cash lease expense	4,167	3,599
Amortization of financing costs and discounts	2,140	2,140
Loss on sale or disposal of assets	459	420
Accretion of contract rights	7,005	7,367
Provision for credit losses	8,861	7,286
Deferred income taxes	12,270	28,042
Reserve for inventory obsolescence	1,466	659
Stock-based compensation	14,185	15,012
Changes in operating assets and liabilities:
Settlement receivables	24,219	12,251
Trade and other receivables	(2,583)	(23,845)
Inventory	(13,444)	(23,026)
Prepaid expenses and other assets	(4,299)	(26,388)
Settlement liabilities	(56,995)	(59,432)
Accounts payable and accrued expenses	(20,655)	17,453
Net cash provided by operating activities	161,013	146,914
Cash flows from investing activities
Capital expenditures	(97,523)	(92,225)
Acquisitions, net of cash acquired	(59,405)	(33,250)
Proceeds from sale of property and equipment	145	115
Placement fee agreements	0	(547)
Net cash used in investing activities	(156,783)	(125,907)
Cash flows from financing activities
Repayments of term loan	(6,000)	(4,500)
Proceeds from exercise of stock options	13,935	1,586
Treasury stock - equity award activities, net of shares withheld	(8,126)	(11,815)
Treasury stock - repurchase of shares	(73,938)	(49,351)
Payment of contingent consideration, acquisition	(10,451)	0
Net cash used in financing activities	(84,580)	(64,080)
Effect of exchange rates on cash and cash equivalents	(583)	(1,106)
Cash, cash equivalents and restricted cash
Net decrease for the period	(80,933)	(44,179)
Balance, beginning of the period	295,063	303,726
Balance, end of the period	214,130	259,547
Supplemental cash disclosures
Cash paid for interest	69,003	42,070
Cash paid for income tax, net	5,076	846
Supplemental non-cash disclosures
Accrued and unpaid capital expenditures	2,401	5,511
Transfer of leased gaming equipment to inventory	$ 5,550	$ 7,758

UNAUDITED CONDENSED CONSOLIDA_5

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings/Accumulated Deficit	Accumulated Other Comprehensive Loss	Treasury Stock
Balance, beginning of period (in shares) at Dec. 31, 2021		116,996
Balance, beginning of period at Dec. 31, 2021	$ 174,500	$ 117	$ 505,757	$ (141,755)	$ (1,455)	$ (188,164)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	31,522			31,522
Foreign currency translation	580				580
Stock-based compensation expense	4,811		4,811
Exercise of options (in shares)		164
Exercise of options	699		699
Restricted share vesting and withholding (in shares)		61
Restricted stock vesting, net of shares withheld	(400)					(400)
Balance, end of period (in shares) at Mar. 31, 2022		117,221
Balance, end of period at Mar. 31, 2022	211,712	$ 117	511,267	(110,233)	(875)	(188,564)
Balance, beginning of period (in shares) at Dec. 31, 2021		116,996
Balance, beginning of period at Dec. 31, 2021	174,500	$ 117	505,757	(141,755)	(1,455)	(188,164)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	93,452
Balance, end of period (in shares) at Sep. 30, 2022		119,258
Balance, end of period at Sep. 30, 2022	218,719	$ 119	522,353	(48,303)	(6,120)	(249,330)
Balance, beginning of period (in shares) at Mar. 31, 2022		117,221
Balance, beginning of period at Mar. 31, 2022	211,712	$ 117	511,267	(110,233)	(875)	(188,564)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	32,521			32,521
Foreign currency translation	(2,606)				(2,606)
Stock-based compensation expense	5,500		5,500
Exercise of options (in shares)		5
Exercise of options	20		20
Restricted share vesting and withholding (in shares)		1,883
Restricted stock vesting, net of shares withheld	(11,182)	$ 2	(2)			(11,182)
Repurchase of shares	(33,336)					(33,336)
Balance, end of period (in shares) at Jun. 30, 2022		119,109
Balance, end of period at Jun. 30, 2022	202,629	$ 119	516,785	(77,712)	(3,481)	(233,082)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	29,409			29,409
Foreign currency translation	(2,639)				(2,639)
Stock-based compensation expense	4,701		4,701
Exercise of options (in shares)		115
Exercise of options	867		867
Restricted share vesting and withholding (in shares)		34
Restricted stock vesting, net of shares withheld	(233)					(233)
Repurchase of shares	(16,015)					(16,015)
Balance, end of period (in shares) at Sep. 30, 2022		119,258
Balance, end of period at Sep. 30, 2022	$ 218,719	$ 119	522,353	(48,303)	(6,120)	(249,330)
Balance, beginning of period (in shares) at Dec. 31, 2022	88,036	119,390
Balance, beginning of period at Dec. 31, 2022	$ 217,641	$ 119	527,465	(21,266)	(4,197)	(284,480)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	28,066			28,066
Foreign currency translation	(186)				(186)
Stock-based compensation expense	4,825		4,825
Exercise of options (in shares)		702
Exercise of options	5,234	$ 1	5,233
Restricted share vesting and withholding (in shares)		53
Restricted stock vesting, net of shares withheld	(333)					(333)
Balance, end of period (in shares) at Mar. 31, 2023		120,145
Balance, end of period at Mar. 31, 2023	$ 255,247	$ 120	537,523	6,800	(4,383)	(284,813)
Balance, beginning of period (in shares) at Dec. 31, 2022	88,036	119,390
Balance, beginning of period at Dec. 31, 2022	$ 217,641	$ 119	527,465	(21,266)	(4,197)	(284,480)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	$ 82,105
Balance, end of period (in shares) at Sep. 30, 2023	86,024	123,147
Balance, end of period at Sep. 30, 2023	$ 243,534	$ 123	556,287	60,839	(5,867)	(367,848)
Balance, beginning of period (in shares) at Mar. 31, 2023		120,145
Balance, beginning of period at Mar. 31, 2023	255,247	$ 120	537,523	6,800	(4,383)	(284,813)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	27,396			27,396
Foreign currency translation	118				118
Stock-based compensation expense	4,828		4,828
Exercise of options (in shares)		494
Exercise of options	2,353		2,353
Restricted share vesting and withholding (in shares)		1,656
Restricted stock vesting, net of shares withheld	(7,736)	$ 2				(7,738)
Repurchase of shares	(40,023)					(40,023)
Balance, end of period (in shares) at Jun. 30, 2023		122,295
Balance, end of period at Jun. 30, 2023	242,183	$ 122	544,704	34,196	(4,265)	(332,574)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	26,643			26,643
Foreign currency translation	(1,602)				(1,602)
Stock-based compensation expense	4,532		4,532
Exercise of options, net of shares withheld (in shares)		841
Exercise of options, net of shares withheld	5,997	$ 1	7,052			(1,056)
Restricted share vesting and withholding (in shares)		11
Restricted stock vesting, net of shares withheld	(56)		(1)			(55)
Repurchase of shares	$ (34,163)					(34,163)
Balance, end of period (in shares) at Sep. 30, 2023	86,024	123,147
Balance, end of period at Sep. 30, 2023	$ 243,534	$ 123	$ 556,287	$ 60,839	$ (5,867)	$ (367,848)

BUSINESS

BUSINESS	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BUSINESS	BUSINESS Everi Holdings Inc. (“Everi Holdings,” or “Everi”) is a holding company, the assets of which are the issued and outstanding shares of capital stock of each of Everi Payments Inc. (“Everi FinTech” or “FinTech”) and Everi Games Holding Inc., which owns all of the issued and outstanding shares of capital stock of Everi Games Inc. (“Everi Games” or “Games”). Unless otherwise indicated, the terms the “Company,” “we,” “us,” and “our” refer to Everi Holdings together with its consolidated subsidiaries. Everi develops and offers products and services that provide gaming entertainment, improve our customers’ patron engagement, and help our casino customers operate their businesses more efficiently. We develop and supply entertaining game content, gaming machines and gaming systems and services for land-based and iGaming operators. Everi is a provider of financial technology solutions that power casino floors, provide operational efficiencies, and help fulfill regulatory requirements. The Company also develops and supplies player loyalty tools and mobile-first applications that enhance patron engagement for our customers and venues in the casino, sports, entertainment and hospitality industries. In addition, the Company provides bingo solutions through its consoles, electronic gaming tablets and related systems. Everi reports its financial performance, and organizes and manages its operations, across the following two business segments: (i) Games and (ii) Financial Technology Solutions (“FinTech”). Everi Games provides gaming operators with gaming technology and entertainment products and services, including: (i) gaming machines, primarily comprising Class II, Class III and Historic Horse Racing (“HHR”) slot machines placed under participation or fixed-fee lease arrangements or sold to casino customers; (ii) providing and maintaining the central determinant systems for the video lottery terminals (“VLTs”) installed in the State of New York and similar technology in certain tribal jurisdictions; (iii) business-to-business (“B2B”) digital online gaming activities; and (iv) bingo solutions through consoles, integrated electronic gaming tablets and related systems. Everi FinTech provides gaming operators with financial technology products and services, including: (i) financial access and related services supporting digital, cashless and physical cash options across mobile, assisted and self-service channels; (ii) loyalty and marketing software and tools, regulatory and compliance (“RegTech”) software solutions, other information-related products and services, and hardware maintenance services; and (iii) associated casino patron self-service hardware that utilizes our financial access, software and other services. We also develop and offer mobile-first applications aimed at enhancing patron engagement for customers in the casino, sports, entertainment, and hospitality industries. Our solutions are secured using an end-to-end security suite to protect against cyber-related attacks, allowing us to maintain appropriate levels of security. These solutions include: access to cash and cashless funding at gaming facilities via Automated Teller Machine (“ATM”) debit withdrawals, credit card financial access transactions, and point of sale (“POS”) debit card purchases at casino cages, kiosk and mobile POS devices; accounts for the CashClub Wallet, check warranty services, self-service loyalty and fully integrated kiosk maintenance services; self-service loyalty tools and promotion management software; compliance, audit, and data software; casino credit data and reporting services; marketing and promotional offering subscription-based services; and other ancillary offerings.

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation Our Financial Statements included herein have been prepared by us pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Some of the information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) have been condensed or omitted pursuant to such rules and regulations, although we believe the disclosures are adequate to make the information presented not misleading. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary for a fair statement of results for the interim periods have been made. The results for the three and nine months ended September 30, 2023 are not necessarily indicative of results to be expected for the full fiscal year. The Financial Statements should be read in conjunction with the consolidated financial statements and notes thereto included in the most recently filed Annual Report on Form 10-K for the year ended December 31, 2022 (the “Annual Report”). Restricted Cash Our restricted cash primarily consists of: (i) funds held in connection with certain customer agreements; (ii) funds held in connection with a sponsorship agreement; (iii) wide-area progressive (“WAP”)-related restricted funds; and (iv) funds held for CashClub Wallet accounts. The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Balance Sheets that sum to the total of the same such amounts shown in the statement of cash flows for the nine months ended September 30, 2023 (in thousands). Classification on our Balance Sheets At September 30, 2023 At December 31, 2022 Cash and cash equivalents Cash and cash equivalents $ 209,378 $ 293,394 Restricted cash - current Prepaid expenses and other current assets 4,651 1,568 Restricted cash - non-current Other assets 101 101 Total $ 214,130 $ 295,063 Fair Values of Financial Instruments The fair value of a financial instrument represents the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. Fair value estimates are made at a specific point in time, based upon relevant market information about the financial instrument. The carrying amount of cash and cash equivalents, restricted cash, settlement receivables, short-term trade and other receivables, settlement liabilities, accounts payable, and accrued expenses approximate fair value due to the short-term maturities of these instruments. The fair value of the long-term trade and loans receivable is estimated by discounting expected future cash flows using current interest rates at which similar loans would be made to borrowers with similar credit ratings and remaining maturities. The fair value of long-term accounts payable is estimated by discounting the total obligation. As of September 30, 2023 and December 31, 2022, the fair value of trade and loans receivable approximated the carrying value due to contractual terms generally being slightly ov er 12 months. The f air value of our borrowings is estimated based on various inputs to determine a market price, such as: market demand and supply, size of tranche, maturity, and similar instruments trading in more active markets. The estimated fair value and outstanding balances of our borrowings are as follows (in thousands): Level of Hierarchy Fair Value Outstanding Balance September 30, 2023 $600 million Term Loan 2 $ 586,500 $ 586,500 $400 million Unsecured Notes 2 $ 345,000 $ 400,000 December 31, 2022 $600 million Term Loan 2 $ 588,560 $ 592,500 $400 million Unsecured Notes 2 $ 346,000 $ 400,000 The fair values of our borrowings were determined using Level 2 inputs based on quoted market prices for these securities. Reclassification of Balances Certain amounts in the accompanying Financial Statements have been reclassified to be consistent with the current year presentation. These reclassifications had no effect on net income for the prior periods. Recent Accounting Guidance As of September 30, 2023, no recent accounting guidance is expected to have a significant impact on our Financial Statements.

REVENUES

REVENUES	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
REVENUES	REVENUES Overview We evaluate the recognition of revenue based on the criteria set forth in Accounting Standards Codification (“ASC”) 606 — Revenue from Contracts with Customers and ASC 842 — Leases, as appropriate. We recognize revenue upon transferring control of goods or services to our customers in an amount that reflects the consideration we expect to receive in exchange for those goods or services. We enter into contracts with customers that include various performance obligations consisting of goods, services, or combinations of goods and services. Timing of the transfer of control varies based on the nature of the contract. We recognize revenue net of any sales and other taxes collected from customers, which are subsequently remitted to governmental authorities and are not included in revenues or operating expenses. We measure revenue based on the consideration specified in a contract with a customer and adjusted, as necessary. Disaggregation of Revenues We disaggregate revenues based on the nature and timing of the cash flows generated by such revenues as presented in “Note 17 — Segment Information.” Contract Balances Since our contracts may include multiple performance obligations, there is often a timing difference between cash collections and the satisfaction of such performance obligations and revenue recognition. Such arrangements are evaluated to determine whether contract assets and liabilities exist. We generally record contract assets when the timing of billing differs from when revenue is recognized due to contracts containing specific performance obligations that are required to be met prior to a customer being invoiced. We generally record contract liabilities when cash is collected in advance of us satisfying performance obligations, including those that are satisfied over a period of time. Balances of our contract assets and contract liabilities may fluctuate due to timing of cash collections. The following table summarizes our contract assets and contract liabilities arising from contracts with customers (in thousands): 2023 2022 Contract assets (1) Balance, beginning of period $ 22,417 $ 15,221 Balance, end of period 22,001 22,812 (Decrease) increase $ (416) $ 7,591 Contract liabilities (2) Balance, beginning of period $ 53,419 $ 36,615 Balance, end of period 55,722 46,706 Increase $ 2,303 $ 10,091 (1) Contract assets are included within trade and other receivables, net and other receivables in our Balance Sheets. (2) Contract liabilities are included within accounts payable and accrued expenses and other accrued expenses and liabilities in our Balance Sheets. We recognized approximately $38.6 million and $25.1 million in revenue that was included in the beginning contract liabilities balance during the nine months ended September 30, 2023 and 2022, respectively. Games Revenues Our products and services include electronic gaming devices, such as Native American Class II offerings and other electronic bingo products, Class III slot machine offerings, HHR offerings, integrated electronic bingo gaming tablets, VLTs installed in the State of New York and similar technology in certain tribal jurisdictions, B2B digital online gaming activities, accounting and central determinant systems, and other back-office systems. We conduct our Games segment business based on results generated from the following major revenue streams: (i) Gaming Operations; and (ii) Gaming Equipment and Systems. We recognize our Gaming Operations revenue based on criteria set forth in ASC 842 or ASC 606, as applicable. The amount of lease revenue included in our Gaming Operations revenues and recognized under ASC 842 was approximately $52.7 million and $153.4 million for the three and nine months ended September 30, 2023, respectively, and $51.4 million and $148.0 million for the three and nine months ended September 30, 2022, respectively. FinTech Revenues Our FinTech products and services include solutions that we offer to gaming establishments to provide their patrons with financial access and funds-based services supporting digital, cashless and physical cash options across mobile, assisted and self-service channels along with related loyalty and marketing tools, and other information-related products and services. We also develop and offer mobile-first applications aimed at enhancing patron engagement for customers in the casino, sports, entertainment, and hospitality industries. In addition, our services operate as part of an end-to-end se curity suite to protect against cyber-related attacks, allowing us to maintain appropriate levels of security. These solutions include: access to cash and cashless funding at gaming facilities via ATM debit withdrawals, credit card financial access transactions, and POS debit card purchases at casino cages, kiosk and mobile POS devices; accounts for the CashClub Wallet, check warranty services, self-service loyalty and fully integrated kiosk maintenance services; self-service loyalty tools and promotion management software; compliance, audit, and data software; casino credit data and reporting services; marketing and promotional offering subscription-based services; and other ancillary offerings. We conduct our FinTech segment business based on results generated from the following major revenue streams: (i) Financial Access Services; (ii) Software and Other; and (iii) Hardware. Hardware revenues are derived from the sale of our financial access and loyalty kiosks and related equipment and are accounted for under ASC 60 6, unless such transactions meet the definition of a sales type or direct financing lease, which are accounted for under ASC 842. We did not have any material fin ancial access kiosk and related equipment sales contracts accounted for under ASC 842 during the three and nine months ended September 30, 2023 and 2022.

LEASES

LEASES	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
LEASES	LEASES Lessee Balance sheet information related to our operating leases is as follows (in thousands): Classification on our Balance Sheets At September 30, 2023 At December 31, 2022 Assets Operating lease right-of-use (“ROU”) assets Other assets, non-current $ 13,804 $ 17,169 Liabilities Current operating lease liabilities Accounts payable and accrued expenses $ 6,605 $ 6,507 Non-current operating lease liabilities Other accrued expenses and liabilities $ 10,332 $ 14,738 Supplemental cash flow information related to leases is as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Cash paid for: Long-term operating leases $ 1,902 $ 1,855 $ 5,476 $ 5,165 Short-term operating leases $ 496 $ 398 $ 1,341 $ 1,205 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ — $ 997 $ 852 $ 7,448 Other information related to lease terms and discount rates is as follows: At September 30, 2023 At December 31, 2022 Weighted Average Remaining Lease Term (in years): Operating leases 2.7 3.4 Weighted Average Discount Rate: Operating leases 4.79 % 4.72 % Components of lease expense are as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Operating Lease Cost: Operating lease cost $ 1,632 $ 1,663 $ 4,668 $ 4,492 Variable lease cost $ 401 $ 259 $ 1,026 $ 902 Maturities of lease liabilities are summarized as follows as of September 30, 2023 (in thousands): Year Ending December 31, Amount 2023 (excluding the nine months ended September 30, 2023) $ 1,879 2024 7,054 2025 5,978 2026 2,200 2027 608 Thereafter 359 Total future minimum lease payments 18,078 Less: Amount representing interest 1,141 Present value of future minimum lease payments 16,937 Less: Current operating lease obligations 6,605 Long-term lease obligations $ 10,332 The Company entered into a real estate lease that had not yet commenced as of September 30, 2023 with a term of ten years and future minimum lease payments of approximately $27.3 million.
LEASES	LEASES Lessee Balance sheet information related to our operating leases is as follows (in thousands): Classification on our Balance Sheets At September 30, 2023 At December 31, 2022 Assets Operating lease right-of-use (“ROU”) assets Other assets, non-current $ 13,804 $ 17,169 Liabilities Current operating lease liabilities Accounts payable and accrued expenses $ 6,605 $ 6,507 Non-current operating lease liabilities Other accrued expenses and liabilities $ 10,332 $ 14,738 Supplemental cash flow information related to leases is as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Cash paid for: Long-term operating leases $ 1,902 $ 1,855 $ 5,476 $ 5,165 Short-term operating leases $ 496 $ 398 $ 1,341 $ 1,205 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ — $ 997 $ 852 $ 7,448 Other information related to lease terms and discount rates is as follows: At September 30, 2023 At December 31, 2022 Weighted Average Remaining Lease Term (in years): Operating leases 2.7 3.4 Weighted Average Discount Rate: Operating leases 4.79 % 4.72 % Components of lease expense are as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Operating Lease Cost: Operating lease cost $ 1,632 $ 1,663 $ 4,668 $ 4,492 Variable lease cost $ 401 $ 259 $ 1,026 $ 902 Maturities of lease liabilities are summarized as follows as of September 30, 2023 (in thousands): Year Ending December 31, Amount 2023 (excluding the nine months ended September 30, 2023) $ 1,879 2024 7,054 2025 5,978 2026 2,200 2027 608 Thereafter 359 Total future minimum lease payments 18,078 Less: Amount representing interest 1,141 Present value of future minimum lease payments 16,937 Less: Current operating lease obligations 6,605 Long-term lease obligations $ 10,332 The Company entered into a real estate lease that had not yet commenced as of September 30, 2023 with a term of ten years and future minimum lease payments of approximately $27.3 million.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
BUSINESS COMBINATIONS	BUSINESS COMBINATIONS We account for business combinations in accordance with ASC 805 — Business Combinations, which requires that the identifiable assets acquired and liabilities assumed be recorded at their estimated fair values on the acquisition date separately from goodwill, which is the excess of the fair value of the purchase price over the fair values of these identifiable assets and liabilities. We include the results of operations of an acquired business starting from the acquisition date. eCash Holdings Pty Limited On March 1, 2022 (the “eCash Closing Date”), the Company acquired the stock of eCash Holdings Pty Limited (“eCash”). Under the terms of the stock purchase agreement, we paid the seller AUD$20 million (approximately USD$15 million) on the eCash Closing Date and we paid the seller additional consideration of AUD$5.0 million (approximately USD$3.4 million) approximately one year following the eCash Closing Date, with a final expected payment of AUD$6.5 million to be paid approximately two years following the eCash Closing Date. In addition, we paid approximately AUD$8.7 million (approximately USD$6.0 million) for the excess net working capital during the second quarter of 2022. We finalized our measurement period adjustments and recorded approximately $2.3 million primarily related to deferred taxes during the quarter ending March 31, 2023. The acquisition did not have a significant impact on our results of operations or financial condition. Intuicode Gaming Corporation On April 30, 2022 (the “Intuicode Closing Date”), the Company acquired the stock of Intuicode Gaming Corporation (“Intuicode”), a privately owned game development and engineering firm focused on HHR games. Under the terms of the stock purchase agreement, we paid the seller $12.5 million on the Intuicode Closing Date of the transaction, a net working capital payment of $1.6 million during the second quarter of 2022 and $6.4 million based on the achievement of a certain revenue target one year following the Intuicode Closing Date. In addition, we expect to make a final payment of $4.6 million based on the achievement of a certain revenue target two years following the Intuicode Closing Date. We finalized our measurement period adjustments and recorded approximately $1.3 million primarily related to the final payment and deferred taxes during the quarter ended June 30, 2023. The acquisition did not have a significant impact on our results of operations or financial condition. Venuetize, Inc. On October 14, 2022 (the “Venuetize Closing Date”), the Company acquired certain strategic assets of Venuetize, Inc. (“Venuetize”), a privately owned innovator of mobile-first technologies that provide an advanced guest engagement and m-commerce platform for the sports, entertainment and hospitality industries. Under the terms of the asset purchase agreement, we paid the seller $18.2 million on the Venuetize Closing Date. In addition, we expect to pay approximately $2.8 million in contingent consideration based upon the achievement of certain revenue targets on the twelve-month, twenty-four month and thirty-month anniversaries of the Venuetize Closing Date. We expect the total consideration for this acquisition to be approximately $21.0 million. The acquisition did not have a significant impact on our results of operations or financial condition. The fair value of the contingent consideration was based on Level 3 inputs utilizing a discounted cash flow methodology. The estimates and assumptions included projected future revenues of the acquired business and a discount rate of approximately 7%. Contingent consideration to be paid is comprised of a short-term component that is recorded in accounts payable and accrued expenses and a long-term component payable within two years recorded in other accrued expenses and liabilities in our Balance Sheets. The change in fair value of the contingent consideration during the period ended September 30, 2023 was not material. The estimates and assumptions used include the projected timing and amount of future cash flows and discount rates reflecting risk inherent in the future cash flows. The estimated fair values of assets acquired and liabilities assumed and resulting goodwill are subject to adjustment as the Company finalizes its purchase price accounting. The significant items for which a final fair value has not been determined included, but are not limited to: the valuation and estimated useful lives of intangible assets, deferred and unearned revenues, and deferred income taxes. We do not expect our fair value determinations to materially change; however, there may be differences between the amounts recorded at the Venuetize Closing Date and the final fair value analysis, which we expect to complete no later than the fourth quarter of 2023. VKGS LLC On May 1, 2023 (the “Video King Closing Date”), the Company acquired certain strategic assets of VKGS LLC (“Video King”), a privately owned leading provider of integrated electronic bingo gaming tablets, video gaming content, instant win games and systems. Under the terms of the purchase agreement, we paid the seller approximately $61.0 million, inclusive of a net working capital payment on the Video King Closing Date. We also made an additional net working capital payment of $0.3 million post-closing, early in the third quarter of 2023. In addition, we expect to pay approximately $0.2 million related to an indemnity holdback, which is scheduled for release on the eighteen The total preliminary purchase consideration for Video King was as follows (in thousands, at fair value): Amount Purchase consideration Cash consideration paid at closing (1) $ 61,013 Cash consideration to be paid post-closing 466 Total purchase consideration $ 61,479 (1) Current assets acquired included approximately $1.9 million in cash. The transaction was accounted for using the acquisition method of accounting, which requires, among other things, the assets acquired and liabilities assumed be recognized at their respective fair values as of the acquisition date. The excess of the p urchase price over those fair values was recorded as goodwill, which will be amortized for tax purposes. The goodwill recognized is primarily attributable to the income potential from the expansion of our footprint in the gaming space by accelerating our entry into and growth in the electronic bingo market and business line, and assembled workforce, among other strategic benefits. The estimates and assumptions used include the projected timing and amount of future cash flows and discount rates reflecting risk inherent in the future cash flows. The estimated fair values of assets acquired and liabilities assumed and resulting goodwill are subject to adjustment as the Company finalizes its purchase price accounting. The significant items for which a final fair value has not been determined include, but are not limited to; the valuation and estimated useful lives of intangible assets, inventory and deferred income taxes. We do not expect our fair value determinations to materially change; however, there may be differences between the amounts recorded at the Video King Closing Date and the final fair value analysis, which we expect to complete no later than the second quarter of 2024. The information below reflects the preliminary amounts of identifiable assets acquired and liabilities assumed as of the closing date of the transaction (in thousands): Amount Current assets $ 7,715 Property and equipment 4,485 Other intangible assets 25,770 Goodwill (1) 24,267 Other assets 763 Total Assets 63,000 Accounts payable and accrued expenses 1,193 Other accrued expenses and liabilities 328 Total liabilities 1,521 Net assets acquired $ 61,479 (1) Reflects a measurement period adjustment of approximately $0.2 million from the initial allocation as of the closing date of the transaction. Current assets acquired included approximately $1.9 million in cash. Trade receivables acquired of approximately $2.0 million were short-term in nature and considered to be collectible, and therefore, the carrying amounts of these assets represented their fair values. Inventory acquired of approximately $3.4 million consisted of raw materials and finished goods and was recorded at fair value based on the estimated net realizable value of these assets. Property, equipment and leased assets acquired were not material, and the carrying amounts of these assets approximated their fair values. The following table summarizes preliminary values of acquired intangible assets (dollars in thousands): Useful Life (Years) Estimated Fair Value Other Intangible Assets Trade name 10 $ 950 Developed technology 7 7,300 Customer relationships 14 17,520 Total other intangible assets $ 25,770 The fair value of intangible assets was determined by applying the income approach. Other intangible assets acquired of approximately $25.8 million were comprised of customer relationships, developed technology and trade name. The fair value of customer relationships of approximately $17.5 million was determined by applying the income approach utilizing the excess earnings methodology based on Level 3 inputs in the hierarchy with a discount rate of 14% and estimated attrition rates. The fair value of developed technology of approximately $7.3 million was determined by applying the income approach utilizing the relief from royalty methodology based on Level 3 inputs with a royalty rate of 10% and a discount rate of 14%. The fair value of trade name of approximately $1.0 million was determined by applying the income approach utilizing the relief from royalty methodology based on Level 3 inputs with a royalty rate of 1% and a discount rate of 15%. The financial results included in our Statements of Operations since the acquisition date and through September 30, 2023 reflected revenues of approximately $11.3 million and net income of approximately $2.2 million. We incurred acquisition-related costs of approximately $0.4 million for the nine months ended September 30, 2023. Pro-forma financial information (unaudited) The unaudited pro forma financial data includes the historical operating results of the Company and the four acquired businesses prior to the acquisitions as if the transactions occurred on January 1, 2022. The unaudited pro forma results include increases to depreciation and amortization expense based on the purchased intangible assets and costs directly attributable to the acquisitions. The unaudited pro forma results do not purport to be indicative of results of operations as of the date hereof, for any period ended on the date hereof, or for any other future date or period; nor do they give effect to synergies, cost savings, fair market value adjustments and other changes expected as a result of the acquisitions. The unaudited pro forma financial data on a consolidated basis as if the eCash, Intuicode, Venuetize and Video King acquisitions occurred on January 1, 2022 would reflect the following (dollars in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Unaudited pro forma consolidated financial data Revenues $ 206,601 $ 212,239 $ 625,017 $ 611,005 Net income $ 26,646 $ 26,538 $ 81,911 $ 84,261

FUNDING AGREEMENTS

FUNDING AGREEMENTS	9 Months Ended
	Sep. 30, 2023
A T M Funding Agreement Disclosure [Abstract]
FUNDING AGREEMENTS	FUNDING AGREEMENTS We have commercial arrangements with third-party vendors to provide cash for certain of our fund dispensing devices. For the use of these funds, we pay a usage fee on either the average daily balance of funds utilized multiplied by a contractually defined usage rate or the amounts supplied multiplied by a contractually defined usage rate. These fund usage fees, reflected as interest expense within the Statements of Operations, were approximately $5.1 million and $15.3 million for the three and nine months ended September 30, 2023, respectively, and $2.7 million and $5.5 million for the three and nine months ended September 30, 2022, respectively. We are exposed to interest rate risk to the extent that the applicable rates increase. Under these agreements, the currency supplied by third party vendors remain their sole property until the funds are dispensed. As these funds are not our assets, supplied cash is not reflected in our Balance Sheets. The outstanding balance of funds provided from the third parties were approximately $329.8 million and $444.6 million as of September 30, 2023 and December 31, 2022, respectively. Our primary commercial arrangement, the Contract Cash Solutions Agreement, as amended, is with Wells Fargo, N.A. (“Wells Fargo”). Wells Fargo provides us with cash up to $300 million with the ability to increase the amount permitted by the vault cash provider. The term of the agreement expires on June 30, 2024 and will automatically renew for additional one-year periods unless either party provides a ninety-day written notice of its intent not to renew. We are responsible for losses of cash in the fund dispensing devices under this agreement, and we self-insure for this type of risk. There were no material losses for the three and nine months ended September 30, 2023 and 2022.

TRADE AND OTHER RECEIVABLES

TRADE AND OTHER RECEIVABLES	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
TRADE AND OTHER RECEIVABLES	TRADE AND OTHER RECEIVABLES Trade and other receivables represent short-term credit granted to customers and long-term loans receivable in connection with our Games and FinTech equipment and software, and compliance products. Trade and loans receivable generally do not require collateral. The balance of trade and loans receivable consists of outstanding balances owed to us by gaming operators. Other receivables include income tax receivables and other miscellaneous receivables. The balance of trade and other receivables consisted of the following (in thousands): At September 30, At December 31, 2023 2022 Trade and other receivables, net Games trade and loans receivable $ 69,216 $ 78,200 FinTech trade and loans receivable 47,575 39,925 Contract assets (1) 22,001 22,417 Other receivables 3,303 6,110 Total trade and other receivables, net 142,095 146,652 Non-current portion of receivables Games trade and loans receivable 568 1,382 FinTech trade and loans receivable 20,728 16,519 Contract assets (1) 9,286 9,856 Total non-current portion of receivables 30,582 27,757 Total trade and other receivables, current portion $ 111,513 $ 118,895 (1) Refer to “Note 3 — Revenues” for a discussion on the contract assets. Allowance for Credit Losses The activity in our allowance for credit losses for the nine months ended September 30, 2023 and 2022 is as follows (in thousands): Nine Months Ended September 30, 2023 2022 Beginning allowance for credit losses $ (4,855) $ (5,161) Provision (8,861) (7,286) Charge-offs, net of recoveries 8,539 6,470 Ending allowance for credit losses $ (5,177) $ (5,977)

INVENTORY

INVENTORY	9 Months Ended
	Sep. 30, 2023
Inventory Disclosure [Abstract]
INVENTORY	INVENTORYOur inventory primarily consists of component parts as well as work-in-progress and finished goods. The cost of inventory includes cost of materials, labor, overhead and freight, and is accounted for using the first in, first out method. The inventory is stated at the lower of cost or net realizable value. Inventory consisted of the following (in thousands): At September 30, At December 31, 2023 2022 Inventory Component parts $ 56,251 $ 48,688 Work-in-progress 2,635 323 Finished goods 14,553 9,339 Total inventory $ 73,439 $ 58,350

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT Property and equipment consist of the following (in thousands): At September 30, 2023 At December 31, 2022 Useful Life Cost Accumulated Net Book Cost Accumulated Net Book Property and equipment Rental pool - deployed 2-5 $ 298,902 $ 213,920 $ 84,982 $ 279,524 $ 188,369 $ 91,155 Rental pool - undeployed 2-5 37,236 29,080 8,156 30,378 23,930 6,448 FinTech equipment 1-5 37,663 26,618 11,045 36,442 24,167 12,275 Leasehold and building improvements Lease Term 23,094 11,579 11,515 13,666 10,689 2,977 Machinery, office, and other equipment 1-5 62,166 40,194 21,972 55,246 34,456 20,790 Total $ 459,061 $ 321,391 $ 137,670 $ 415,256 $ 281,611 $ 133,645 Depreciation expense related to property and equipment totaled approximately $19.9 million and $58.4 million for the three and nine months ended September 30, 2023, respectively and $17.4 million and $48.3 million for the three and nine months ended September 30, 2022, respectively.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill Goodwill represents the excess of the purchase price over the identifiable tangible and intangible assets acquired plus liabilities assumed arising from business combinations. The balance of goodwill was approximately $740.1 million and $715.9 million at September 30, 2023 and December 31, 2022, respectively. We have the following reporting units: (i) Games; (ii) Financial Access Services; (iii) Kiosk Sales and Services; (iv) Central Credit Services; (v) Compliance Sales and Services; (vi) Loyalty Sales and Services; and (vii) Mobile Technologies. Other Intangible Assets Other intangible assets consist of the following (in thousands): At September 30, 2023 At December 31, 2022 Useful Life Cost Accumulated Net Book Cost Accumulated Net Book Other intangible assets Contract rights under placement fee agreements 2-7 $ 57,821 $ 19,257 $ 38,564 $ 57,821 $ 12,252 $ 45,569 Customer relationships 3-14 349,136 250,030 99,106 331,999 233,150 98,849 Developed technology and software 1-7 442,238 332,064 110,174 401,087 309,285 91,802 Patents, trademarks, and other 2-18 24,747 21,541 3,206 22,334 20,279 2,055 Total $ 873,942 $ 622,892 $ 251,050 $ 813,241 $ 574,966 $ 238,275 Amortization expense related to other intangible assets was approximately $15.2 million and $43.7 million for the three and nine months ended September 30, 2023, respectively and $15.3 million and $43.6 million for the three and nine months ended September 30, 2022, respectively.

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT The following table summarizes our indebtedness (in thousands): Maturity Interest At September 30, At December 31, Date Rate 2023 2022 Long-term debt $600 million Term Loan 2028 SOFR+2.50% $ 586,500 $ 592,500 $125 million Revolver 2026 SOFR+2.50% — — Senior Secured Credit Facilities 586,500 592,500 $400 million Unsecured Notes 2029 5.00% 400,000 400,000 Total debt 986,500 992,500 Debt issuance costs and discount (12,653) (14,505) Total debt after debt issuance costs and discount 973,847 977,995 Current portion of long-term debt (4,500) (6,000) Total long-term debt, net of current portion $ 969,347 $ 971,995 Credit Facilities Our senior secured credit facilities consist of: (i) a seven-year $600 million senior secured term loan due 2028 issued at 99.75% of par (the “Term Loan”); and (ii) a $125 million senior secured revolving credit facility due 2026, which was undrawn at closing (the “Revolver” and together with the Term Loan, the “Credit Facilities”). The Company, as borrower, entered into the credit agreement dated as of August 3, 2021 (the “Closing Date”), among the Company, the lenders party thereto and Jefferies Finance LLC, as administrative agent, collateral agent, swing line lender and a letter of credit issuer (the “Original Credit Agreement”). On June 23, 2023, the Company entered into the first amendment (the “Amendment”) to the Original Credit Agreement (as amended, the “Amended Credit Agreement”), among Everi, as borrower, the lenders party thereto and Jefferies Finance LLC, as administrative agent, collateral agent, swing line lender and letter of credit issuer. Under the Amended Credit Agreement, the Secured Overnight Financing Rate (“SOFR”) replaced the Eurodollar Rate for all purposes under the Original Credit Agreement and under any other Loan Document (as defined therein) on July 1, 2023, when the ICE Benchmark Administration ceased to provide all available tenors of the Eurodollar Rate. In connection with such implementation of SOFR, the Company and Jefferies Finance LLC agreed to make conforming changes to the relevant provisions of the Original Credit Agreement, as reflected in the Amended Credit Agreement. We elected the optional expedient to account for the modification to our Credit Facilities in accordance with ASC 470 as if the modification was not substantial. Legal fees were expensed as incurred in connection with the Amendment are reflected in operating expenses within the Statements of Operations for the nine months ended September 30, 2023. The interest rate per annum applicable to the Credit Facilities will be, at the Company’s option, either the SOFR with a 0.50% floor plus a margin of 2.50% or the base rate plus a margin of 1.50%. Our Revolver remained fully undrawn as of September 30, 2023. The weighted average interest rate on the Term Loan was 7.86% and 7.47% for the three and nine months ended September 30, 2023, respectively. Senior Unsecured Notes Our senior unsecured notes (the “2029 Unsecured Notes”) had an outstanding balance of $400.0 million as of September 30, 2023 that accrues interest at a rate of 5.00% per annum and is payable semi-annually in arrears on each January 15 and July 15. Compliance with Debt Covenants We were in compliance with the covenants and terms of the Credit Facilities and the 2029 Unsecured Notes as of September 30, 2023.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES We are involved in various legal proceedings in the ordinary course of our business. While we believe resolution of the claims brought against us, both individually and in the aggregate, will not have a material adverse impact on our financial condition or results of operations, litigation of this nature is inherently unpredictable. Our views on these legal proceedings, including those described below, may change in the future. We intend to vigorously defend against these actions, and ultimately believe we should prevail. Legal Contingencies We evaluate matters and record an accrual for legal contingencies when it is both probable that a liability has been incurred and the amount or range of the loss may be reasonably estimated. We evaluate legal contingencies at least quarterly and, as appropriate, establish new accruals or adjust existing accruals to reflect: (i) the facts and circumstances known to us at the time, including information regarding negotiations, settlements, rulings, and other relevant events and developments; (ii) the advice and analyses of counsel; and (iii) the assumptions and judgment of management. Legal costs associated with such proceedings are expensed as incurred. Due to the inherent uncertainty of legal proceedings as a result of the procedural, factual, and legal issues involved, the outcomes of our legal contingencies could result in losses in excess of amounts we have accrued. NRT matter: NRT Technology Corp., et al. v. Everi Holdings Inc., et al. is a civil action filed on April 30, 2019 against Everi Holdings and Everi FinTech in the United States District Court for the District of Delaware by NRT Technology Corp. and NRT Technology, Inc., alleging monopolization of the market for unmanned, integrated kiosks in violation of federal antitrust laws, fraudulent procurement of patents on functionality related to such unmanned, integrated kiosks and sham litigation related to prior litigation brought by Everi FinTech (operating as Global Cash Access Inc.) against the plaintiff entities. The plaintiffs are seeking compensatory damages, treble damages, and injunctive and declaratory relief. Discovery is closed. The court removed the case from the September trial calendar and requested briefs from the parties on relevant legal issues. Briefing was completed in December 2022. The parties are awaiting further guidance from the court. Due to the current stage of the litigation, we are unable to estimate the probability of the outcome of this matter or reasonably estimate the range of possible damages, if any. Zenergy Systems, LLC matter: Zenergy Systems, LLC v. Everi Payments Inc. is a civil action filed on May 29, 2020, against Everi FinTech in the United States District Court for the District of Nevada, Clark County by Zenergy Systems, LLC, alleging breach of contract, breach of a non- disclosure agreement, conversion, breach of the covenant of good faith and fair dealing, and breach of a confidential relationship related to a contract with Everi FinTech that expired in November 2019. The plaintiff is seeking compensatory and punitive damages. Everi FinTech has counterclaimed against Zenergy alleging breach of contract, breach of implied covenant of good faith and fair dealing, and for declaratory relief. The parties participated in mediation on March 21, 2023. No settlement was reached at mediation. The parties filed a joint motion to set a firm trial date which the court granted on October 9, 2023. We are awaiting notification from the court on the new trial date. Due to the current stage of the litigation, we are unable to estimate the probability of the outcome of this matter or reasonably estimate the range of possible damages, if any. Sightline Payments matter: Sightline Payments LLC v. Everi Holdings Inc., et al. is a civil action filed on September 30, 2021, against Everi Holdings, Everi FinTech, Everi Games Holding Inc., and Everi Games (collectively referred to herein as the “Everi Parties”) in the United States District Court, Western District of Texas (Waco Division) by Sightline Payments LLC alleging patent infringement in violation of 35 U.S.C. § 271 et seq. The plaintiff’s complaint alleges that the Everi Parties’ CashClub Wallet product infringes on certain patents owned by the plaintiff. The plaintiff is seeking compensatory damages. The Everi Parties filed a Motion to Dismiss or Transfer for Lack of Venue. On June 1, 2022, the court granted the Everi Parties’ Motion to Dismiss ruling that the Western District of Texas was not the proper venue for an action against Everi Fintech, Everi Holdings, and Everi Games. On June 23, 2022, the plaintiff, Sightline Payments LLC, filed an appeal of the District Court’s Order. Oral argument on the appeal was scheduled for October 3, 2023, before the U.S. Court of Appeals for the Federal Circuit. On September 29, 2023 counsel for the Plaintiff Sightline informed Everi’s counsel that Sightline would be voluntarily dismissing the appeal. A joint stipulation was filed and on September 29, 2023, the appellate court entered an order dismissing the appeal. This matter is now closed. Sightline USPTO matters: In a case related to the Sightline Payments matter, in February and March 2022, Everi Payments Inc. filed five Petitions for Inter Partes Review (“IPR”) with the Patent Trial and Appeal Board (the “PTAB”) of the United States Patent and Trademark Office seeking invalidation of certain claims of U.S. Patent Nos. 8,708,809, 8,998,708, 9,196,123, 9,466,176, and 9,785,926 owned by Sightline Partners LLC. In August and September 2022, decisions by the PTAB were issued granting the IPRs. Briefing and discovery are closed. Oral argument was held on June 14, 2023. Between August 30, 2023 and September 20, 2023, the PTAB issued five (5) Final Written Decisions ruling in favor of Everi and holding that all of the patent claims asserted by Sightline against Everi were “unpatentable” as obvious, thus, invalidating those claims. Mary Parrish matter: Mary Parrish v. Everi Holdings Inc., et al. is a civil action filed on December 28, 2021, against Everi Holdings and Everi FinTech in the District Court of Nevada, Clark County by Mary Parrish alleging violation of the Fair and Accurate Credit Transactions Act (FACTA) amendment to th e Fair Credit Reporting Act (FCRA). Plaintiff’s complaint alleges she received a printed receipt for cash access services performed at an Everi Payments’ ATM which displayed more than four (4) digits of the account number. Plaintiff seeks statutory damages, punitive damages, injunctive relief, attorneys’ fees, and other relief. Everi filed a Petition for Removal to the United States District Court, District of Nevada. Thereafter, Everi filed a Motion to Dismiss. On May 4, 2023, the United States District Court entered an order remanding the case back to the District Court of Nevada, Clark County and denying the Motion to Dismiss. The matter is now pending in the District Court of Nevada, Clark County. On July 25, 2023, Everi filed a Motion to Dismiss in the Clark County case. On October 20, 2023, the Clark County Court entered an Order denying the Motion to Dismiss. Due to the current stage of the litigation, we are unable to estimate the probability of the outcome of this matter or reasonably estimate the range of possible damages, if any. In addition, we have commitments with respect to certain lease obligations discussed in “Note 4 — Leases” and installment payments under our asset purchase agreements discussed in “Note 5 — Business Combinations.”

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Sep. 30, 2023
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY On May 3, 2023, our Board of Directors authorized and approved a new share repurchase program in an amount not to exceed $180 million, pursuant to which we may purchase outstanding Company common stock in open market or privately negotiated transactions over a period of eighteen (18) months through November 3, 2024, in accordance with Company and regulatory policies and trading plans established in accordance with Rules 10b5-1 and 10b-18 of the Securities Exchange Act of 1934. The actual number of shares to be purchased will depend upon market conditions and is subject to available liquidity, general market and economic conditions, alternative uses for the capital and other factors. All shares purchased will be held in the Company’s treasury for possible future use. As of September 30, 2023, Everi had approximately 86.0 million shares issued and outstanding, net of 37.1 million shares held in the Company’s treasury. There is no minimum number of shares that the Company is required to repurchase, and the program may be suspended or discontinued at any time without prior notice. This new repurchase program supersedes and replaces, in its entirety, the previous share repurchase program. There were 2.4 million and 5.1 million shares repurchased at an average price of $13.88 and $14.36 per share for an aggregate amount of $33.9 million and $73.9 million during the three and nine months ended September 30, 2023, respectively, and 0.9 million and 2.9 shares repurchased at an average price of $17.29 and $16.87 per share for an aggregate amount of $16.0 million and $49.4 million during the three and nine months ended September 30, 2022, respectively. Under the existing $180.0 million share repurchase program, the remaining availability was $106.1 million as of September 30, 2023.

WEIGHTED AVERAGE SHARES OF COMM

WEIGHTED AVERAGE SHARES OF COMMON STOCK	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
WEIGHTED AVERAGE SHARES OF COMMON STOCK	WEIGHTED AVERAGE SHARES OF COMMON STOCK The weighted average number of common stock outstanding used in the computation of bas ic and diluted earnings pe r share is as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Weighted average shares Weighted average number of common shares outstanding - basic 87,221 90,014 87,925 91,039 Potential dilution from equity awards (1) 4,024 6,422 5,237 7,267 Weighted average number of common shares outstanding - diluted (1) 91,245 96,436 93,162 98,306 (1) There were 0.6 million and 0.2 million shares that were anti-dilutive under the treasury stock method for the three and nine months ended September 30, 2023, respectively and 0.2 million and 0.1 million number of shares that were anti-dilutive under the treasury stock method for the three and nine months ended September 30, 2022, respectively.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION Equity Incentive Awards Generally, we grant the following types of awards: (i) restricted stock units with either time- or performance-based criteria; and (ii) time-based options. We estimate forfeiture amounts based on historical patterns. A summary of award activity is as follows (in thousands): Stock Options Restricted Stock Units Outstanding, December 31, 2022 6,793 2,709 Granted 103 1,537 Exercised options or vested shares (2,037) (1,720) Canceled or forfeited (28) (54) Outstanding, September 30, 2023 4,831 2,472

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The income tax provision for the three and nine months ended September 30, 2023, reflected an effective income tax rate of 18.1% and 17.7%, respectively, which was less than the statutory federal rate of 21.0%, primarily due to a research credit and the benefit from equity award activities, partially offset by state taxes and compensation deduction limitations. The income tax provision for the three and nine months ended September 30, 2022, reflected an effective income tax rate of 26.0% and 24.2%, respectively, which was greater than the statutory federal rate of 21.0%, primarily due to state taxes, compensation deduction limitations, a net operating loss limitation and an accrual for a foreign withholding tax, partially offset by both a research credit and the benefit from equity award activities. We have analyzed our positions in the federal, state and foreign jurisdictions where we are required to file income tax returns, as well as the open tax years in these jurisdictions. As of September 30, 2023, we recorded approximately $2.7 million of unrecognized tax benefits, all of which would impact our effective tax rate, if recognized. We do not anticipate that our unrecognized tax benefits will materially change within the next 12 months.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision-making group (the “CODM”). Our CODM generally consists of the Chief Executive Officer and the Chief Financial Officer. Our CODM determined that our operating segments for conducting business are: (i) Games and (ii) FinTech. Our CODM allocates resources and measures profitability based on our operating segments, which are managed and reviewed separately, as each represents products and services that can be sold separately to our customers. Our segments are monitored by management for performance against our internal forecasts. We have reported our financial performance based on our segments in both the current and prior periods. Refer to “Note 1 — Business” for additional information regarding our operating segments. Corporate overhead expenses have been allocated to the segments either through specific identification or based on a reasonable methodology. In addition, we record depreciation and amortization expenses to the business segments. Our business is predominantly domestic with no specific regional concentrations that were material to our results of operations or financial condition, and we had no significant assets in foreign locations. The following tables present segment information (in thousands)*: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Games Revenues Gaming operations $ 78,400 $ 75,020 $ 231,490 $ 219,437 Gaming equipment and systems 33,138 37,500 100,554 103,766 Total revenues 111,538 112,520 332,044 323,203 Costs and expenses Cost of revenues (1) Gaming operations 10,363 6,557 25,557 18,674 Gaming equipment and systems 18,239 22,545 58,629 62,721 Total cost of revenues 28,602 29,102 84,186 81,395 Operating expenses 22,805 19,860 64,574 57,886 Research and development 10,065 11,298 31,890 28,395 Depreciation 17,492 15,006 50,997 41,321 Amortization 11,153 11,472 32,304 31,744 Total costs and expenses 90,117 86,738 263,951 240,741 Operating income $ 21,421 $ 25,782 $ 68,093 $ 82,462 (1) Exclusive of depreciation and amortization. * Rounding may cause variances. Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 FinTech Revenues Financial access services $ 57,158 $ 53,296 $ 169,032 $ 154,051 Software and other 24,838 22,192 73,048 59,056 Hardware 13,066 16,310 41,665 40,846 Total revenues 95,062 91,798 283,745 253,953 Costs and expenses Cost of revenues (1) Financial access services 2,925 2,760 8,521 7,405 Software and other 1,484 1,163 4,830 2,984 Hardware 8,904 10,771 27,926 27,074 Total cost of revenues 13,313 14,694 41,277 37,463 Operating expenses 38,209 36,494 117,022 103,344 Research and development 6,055 5,505 16,963 14,991 Depreciation 2,410 2,438 7,376 7,021 Amortization 4,049 3,831 11,435 11,838 Total costs and expenses 64,036 62,962 194,073 174,657 Operating income $ 31,026 $ 28,836 $ 89,672 $ 79,296 (1) Exclusive of depreciation and amortization. * Rounding may cause variances. At September 30, At December 31, 2023 2022 Total assets Games $ 928,911 $ 911,907 FinTech 935,461 1,006,336 Total assets $ 1,864,372 $ 1,918,243 Major Customers. No single customer accounted for more than 10% of our revenues for the three and nine months ended September 30, 2023 and 2022. Our five largest customers accounted for approximately 14% and 12% of our revenues for the three and nine months ended September 30, 2023, respectively, and 14% for the three and nine months ended September 30, 2022, respectively.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTSAs of the filing date, we had not identified, and were not aware of, any subsequent events for the period.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net income (loss)	$ 26,643	$ 27,396	$ 28,066	$ 29,409	$ 32,521	$ 31,522	$ 82,105	$ 93,452

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
	Sep. 30, 2023 shares	Sep. 30, 2023 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Terminated	false
Termination Date	August 29, 2023
Randy L. Taylor [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		Michael D. Rumbolz, Executive Chair and Randy L. Taylor, President and Chief Executive Officer, on August 29, 2023 terminated Rule 10b5-1 trading arrangements intended to satisfy Rule 10b5-1(c). The arrangements were originally entered into on March 10, 2023 to purchase and sell 50,000 and 60,000 shares of Company common stock, respectively, between June 12, 2023 and May 2, 2024, subject to certain limit orders, all of which shares were to be acquired upon the exercise of employee stock option awards that were set to expire on May 2, 2024.
Name	Randy L. Taylor
Title	President and Chief Executive Officer
Rule 10b5-1 Arrangement Terminated	true
Aggregate Available	60,000	60,000
Michael D. Rumbolz [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		Michael D. Rumbolz, Executive Chair and Randy L. Taylor, President and Chief Executive Officer, on August 29, 2023 terminated Rule 10b5-1 trading arrangements intended to satisfy Rule 10b5-1(c). The arrangements were originally entered into on March 10, 2023 to purchase and sell 50,000 and 60,000 shares of Company common stock, respectively, between June 12, 2023 and May 2, 2024, subject to certain limit orders, all of which shares were to be acquired upon the exercise of employee stock option awards that were set to expire on May 2, 2024.
Name	Michael D. Rumbolz
Title	Executive Chair
Rule 10b5-1 Arrangement Terminated	true
Aggregate Available	50,000	50,000
Darren Simmons [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		Darren Simmons, Executive Vice President, FinTech Business Leader, on September 15, 2023 entered into a Rule 10b5-1 trading arrangement intended to satisfy Rule 10b5-1(c), to purchase and sell 45,000 shares of Company common stock between December 15, 2023 and May 1, 2024, subject to certain limit orders, all of which shares were to be acquired upon the exercise of employee stock option awards that are set to expire on May 2, 2024.
Name	Darren Simmons
Title	Executive Vice President, FinTech Business Leader
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	September 15, 2023
Arrangement Duration	138 days
Aggregate Available	45,000	45,000

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Our Financial Statements included herein have been prepared by us pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Some of the information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) have been condensed or omitted pursuant to such rules and regulations, although we believe the disclosures are adequate to make the information presented not misleading. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary for a fair statement of results for the interim periods have been made. The results for the three and nine months ended September 30, 2023 are not necessarily indicative of results to be expected for the full fiscal year. The Financial Statements should be read in conjunction with the consolidated financial statements and notes thereto included in the most recently filed Annual Report on Form 10-K for the year ended December 31, 2022 (the “Annual Report”).
Restricted Cash	Restricted CashOur restricted cash primarily consists of: (i) funds held in connection with certain customer agreements; (ii) funds held in connection with a sponsorship agreement; (iii) wide-area progressive (“WAP”)-related restricted funds; and (iv) funds held for CashClub Wallet accounts.
Fair Values of Financial Instruments	Fair Values of Financial Instruments The fair value of a financial instrument represents the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. Fair value estimates are made at a specific point in time, based upon relevant market information about the financial instrument.
Reclassification of Balances	Reclassification of Balances Certain amounts in the accompanying Financial Statements have been reclassified to be consistent with the current year presentation. These reclassifications had no effect on net income for the prior periods.
Recent Accounting Guidance	Recent Accounting Guidance As of September 30, 2023, no recent accounting guidance is expected to have a significant impact on our Financial Statements.
Revenue	Overview We evaluate the recognition of revenue based on the criteria set forth in Accounting Standards Codification (“ASC”) 606 — Revenue from Contracts with Customers and ASC 842 — Leases, as appropriate. We recognize revenue upon transferring control of goods or services to our customers in an amount that reflects the consideration we expect to receive in exchange for those goods or services. We enter into contracts with customers that include various performance obligations consisting of goods, services, or combinations of goods and services. Timing of the transfer of control varies based on the nature of the contract. We recognize revenue net of any sales and other taxes collected from customers, which are subsequently remitted to governmental authorities and are not included in revenues or operating expenses. We measure revenue based on the consideration specified in a contract with a customer and adjusted, as necessary. Disaggregation of Revenues We disaggregate revenues based on the nature and timing of the cash flows generated by such revenues as presented in “Note 17 — Segment Information.” Contract Balances Since our contracts may include multiple performance obligations, there is often a timing difference between cash collections and the satisfaction of such performance obligations and revenue recognition. Such arrangements are evaluated to determine whether contract assets and liabilities exist. We generally record contract assets when the timing of billing differs from when revenue is recognized due to contracts containing specific performance obligations that are required to be met prior to a customer being invoiced. We generally record contract liabilities when cash is collected in advance of us satisfying performance obligations, including those that are satisfied over a period of time. Balances of our contract assets and contract liabilities may fluctuate due to timing of cash collections.

BASIS OF PRESENTATION AND SUM_3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Reconciliation of Cash, Cash Equivalents, and Restricted Cash	The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Balance Sheets that sum to the total of the same such amounts shown in the statement of cash flows for the nine months ended September 30, 2023 (in thousands). Classification on our Balance Sheets At September 30, 2023 At December 31, 2022 Cash and cash equivalents Cash and cash equivalents $ 209,378 $ 293,394 Restricted cash - current Prepaid expenses and other current assets 4,651 1,568 Restricted cash - non-current Other assets 101 101 Total $ 214,130 $ 295,063
Reconciliation of Cash, Cash Equivalents, and Restricted Cash	The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Balance Sheets that sum to the total of the same such amounts shown in the statement of cash flows for the nine months ended September 30, 2023 (in thousands). Classification on our Balance Sheets At September 30, 2023 At December 31, 2022 Cash and cash equivalents Cash and cash equivalents $ 209,378 $ 293,394 Restricted cash - current Prepaid expenses and other current assets 4,651 1,568 Restricted cash - non-current Other assets 101 101 Total $ 214,130 $ 295,063
Estimated Fair Value and Outstanding Balances of Borrowings	The estimated fair value and outstanding balances of our borrowings are as follows (in thousands): Level of Hierarchy Fair Value Outstanding Balance September 30, 2023 $600 million Term Loan 2 $ 586,500 $ 586,500 $400 million Unsecured Notes 2 $ 345,000 $ 400,000 December 31, 2022 $600 million Term Loan 2 $ 588,560 $ 592,500 $400 million Unsecured Notes 2 $ 346,000 $ 400,000

REVENUES (Tables)

REVENUES (Tables)	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Contract Asset and Liability	The following table summarizes our contract assets and contract liabilities arising from contracts with customers (in thousands): 2023 2022 Contract assets (1) Balance, beginning of period $ 22,417 $ 15,221 Balance, end of period 22,001 22,812 (Decrease) increase $ (416) $ 7,591 Contract liabilities (2) Balance, beginning of period $ 53,419 $ 36,615 Balance, end of period 55,722 46,706 Increase $ 2,303 $ 10,091 (1) Contract assets are included within trade and other receivables, net and other receivables in our Balance Sheets. (2) Contract liabilities are included within accounts payable and accrued expenses and other accrued expenses and liabilities in our Balance Sheets.

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
Balance Sheet Information	Balance sheet information related to our operating leases is as follows (in thousands): Classification on our Balance Sheets At September 30, 2023 At December 31, 2022 Assets Operating lease right-of-use (“ROU”) assets Other assets, non-current $ 13,804 $ 17,169 Liabilities Current operating lease liabilities Accounts payable and accrued expenses $ 6,605 $ 6,507 Non-current operating lease liabilities Other accrued expenses and liabilities $ 10,332 $ 14,738
Cash Flow Information	Supplemental cash flow information related to leases is as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Cash paid for: Long-term operating leases $ 1,902 $ 1,855 $ 5,476 $ 5,165 Short-term operating leases $ 496 $ 398 $ 1,341 $ 1,205 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ — $ 997 $ 852 $ 7,448
Lease Costs	Other information related to lease terms and discount rates is as follows: At September 30, 2023 At December 31, 2022 Weighted Average Remaining Lease Term (in years): Operating leases 2.7 3.4 Weighted Average Discount Rate: Operating leases 4.79 % 4.72 % Components of lease expense are as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Operating Lease Cost: Operating lease cost $ 1,632 $ 1,663 $ 4,668 $ 4,492 Variable lease cost $ 401 $ 259 $ 1,026 $ 902
Payments Due	Maturities of lease liabilities are summarized as follows as of September 30, 2023 (in thousands): Year Ending December 31, Amount 2023 (excluding the nine months ended September 30, 2023) $ 1,879 2024 7,054 2025 5,978 2026 2,200 2027 608 Thereafter 359 Total future minimum lease payments 18,078 Less: Amount representing interest 1,141 Present value of future minimum lease payments 16,937 Less: Current operating lease obligations 6,605 Long-term lease obligations $ 10,332

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Total Purchase Consideration	The total preliminary purchase consideration for Video King was as follows (in thousands, at fair value): Amount Purchase consideration Cash consideration paid at closing (1) $ 61,013 Cash consideration to be paid post-closing 466 Total purchase consideration $ 61,479
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The information below reflects the preliminary amounts of identifiable assets acquired and liabilities assumed as of the closing date of the transaction (in thousands): Amount Current assets $ 7,715 Property and equipment 4,485 Other intangible assets 25,770 Goodwill (1) 24,267 Other assets 763 Total Assets 63,000 Accounts payable and accrued expenses 1,193 Other accrued expenses and liabilities 328 Total liabilities 1,521 Net assets acquired $ 61,479 (1) Reflects a measurement period adjustment of approximately $0.2 million from the initial allocation as of the closing date of the transaction.
Finite-Lived Intangible Assets Acquired	The following table summarizes preliminary values of acquired intangible assets (dollars in thousands): Useful Life (Years) Estimated Fair Value Other Intangible Assets Trade name 10 $ 950 Developed technology 7 7,300 Customer relationships 14 17,520 Total other intangible assets $ 25,770
Business Acquisition, Pro Forma Information	The unaudited pro forma financial data on a consolidated basis as if the eCash, Intuicode, Venuetize and Video King acquisitions occurred on January 1, 2022 would reflect the following (dollars in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Unaudited pro forma consolidated financial data Revenues $ 206,601 $ 212,239 $ 625,017 $ 611,005 Net income $ 26,646 $ 26,538 $ 81,911 $ 84,261

TRADE AND OTHER RECEIVABLES (Ta

TRADE AND OTHER RECEIVABLES (Tables)	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Schedule of Components of Trade and Other Receivables	The balance of trade and other receivables consisted of the following (in thousands): At September 30, At December 31, 2023 2022 Trade and other receivables, net Games trade and loans receivable $ 69,216 $ 78,200 FinTech trade and loans receivable 47,575 39,925 Contract assets (1) 22,001 22,417 Other receivables 3,303 6,110 Total trade and other receivables, net 142,095 146,652 Non-current portion of receivables Games trade and loans receivable 568 1,382 FinTech trade and loans receivable 20,728 16,519 Contract assets (1) 9,286 9,856 Total non-current portion of receivables 30,582 27,757 Total trade and other receivables, current portion $ 111,513 $ 118,895 (1) Refer to “Note 3 — Revenues” for a discussion on the contract assets.
Activity in Allowance for Credit Losses	The activity in our allowance for credit losses for the nine months ended September 30, 2023 and 2022 is as follows (in thousands): Nine Months Ended September 30, 2023 2022 Beginning allowance for credit losses $ (4,855) $ (5,161) Provision (8,861) (7,286) Charge-offs, net of recoveries 8,539 6,470 Ending allowance for credit losses $ (5,177) $ (5,977)

INVENTORY (Tables)

INVENTORY (Tables)	9 Months Ended
	Sep. 30, 2023
Inventory Disclosure [Abstract]
Schedule of Components of Inventory	Inventory consisted of the following (in thousands): At September 30, At December 31, 2023 2022 Inventory Component parts $ 56,251 $ 48,688 Work-in-progress 2,635 323 Finished goods 14,553 9,339 Total inventory $ 73,439 $ 58,350

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of Components of Property, Equipment and Leased Assets	Property and equipment consist of the following (in thousands): At September 30, 2023 At December 31, 2022 Useful Life Cost Accumulated Net Book Cost Accumulated Net Book Property and equipment Rental pool - deployed 2-5 $ 298,902 $ 213,920 $ 84,982 $ 279,524 $ 188,369 $ 91,155 Rental pool - undeployed 2-5 37,236 29,080 8,156 30,378 23,930 6,448 FinTech equipment 1-5 37,663 26,618 11,045 36,442 24,167 12,275 Leasehold and building improvements Lease Term 23,094 11,579 11,515 13,666 10,689 2,977 Machinery, office, and other equipment 1-5 62,166 40,194 21,972 55,246 34,456 20,790 Total $ 459,061 $ 321,391 $ 137,670 $ 415,256 $ 281,611 $ 133,645

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Other Intangible Assets	Other intangible assets consist of the following (in thousands): At September 30, 2023 At December 31, 2022 Useful Life Cost Accumulated Net Book Cost Accumulated Net Book Other intangible assets Contract rights under placement fee agreements 2-7 $ 57,821 $ 19,257 $ 38,564 $ 57,821 $ 12,252 $ 45,569 Customer relationships 3-14 349,136 250,030 99,106 331,999 233,150 98,849 Developed technology and software 1-7 442,238 332,064 110,174 401,087 309,285 91,802 Patents, trademarks, and other 2-18 24,747 21,541 3,206 22,334 20,279 2,055 Total $ 873,942 $ 622,892 $ 251,050 $ 813,241 $ 574,966 $ 238,275

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of Outstanding Indebtedness	The following table summarizes our indebtedness (in thousands): Maturity Interest At September 30, At December 31, Date Rate 2023 2022 Long-term debt $600 million Term Loan 2028 SOFR+2.50% $ 586,500 $ 592,500 $125 million Revolver 2026 SOFR+2.50% — — Senior Secured Credit Facilities 586,500 592,500 $400 million Unsecured Notes 2029 5.00% 400,000 400,000 Total debt 986,500 992,500 Debt issuance costs and discount (12,653) (14,505) Total debt after debt issuance costs and discount 973,847 977,995 Current portion of long-term debt (4,500) (6,000) Total long-term debt, net of current portion $ 969,347 $ 971,995

WEIGHTED AVERAGE SHARES OF CO_2

WEIGHTED AVERAGE SHARES OF COMMON STOCK (Tables)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares	The weighted average number of common stock outstanding used in the computation of bas ic and diluted earnings pe r share is as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Weighted average shares Weighted average number of common shares outstanding - basic 87,221 90,014 87,925 91,039 Potential dilution from equity awards (1) 4,024 6,422 5,237 7,267 Weighted average number of common shares outstanding - diluted (1) 91,245 96,436 93,162 98,306 (1) There were 0.6 million and 0.2 million shares that were anti-dilutive under the treasury stock method for the three and nine months ended September 30, 2023, respectively and 0.2 million and 0.1 million number of shares that were anti-dilutive under the treasury stock method for the three and nine months ended September 30, 2022, respectively.

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Summary of Award Activity	A summary of award activity is as follows (in thousands): Stock Options Restricted Stock Units Outstanding, December 31, 2022 6,793 2,709 Granted 103 1,537 Exercised options or vested shares (2,037) (1,720) Canceled or forfeited (28) (54) Outstanding, September 30, 2023 4,831 2,472

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Information	The following tables present segment information (in thousands)*: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Games Revenues Gaming operations $ 78,400 $ 75,020 $ 231,490 $ 219,437 Gaming equipment and systems 33,138 37,500 100,554 103,766 Total revenues 111,538 112,520 332,044 323,203 Costs and expenses Cost of revenues (1) Gaming operations 10,363 6,557 25,557 18,674 Gaming equipment and systems 18,239 22,545 58,629 62,721 Total cost of revenues 28,602 29,102 84,186 81,395 Operating expenses 22,805 19,860 64,574 57,886 Research and development 10,065 11,298 31,890 28,395 Depreciation 17,492 15,006 50,997 41,321 Amortization 11,153 11,472 32,304 31,744 Total costs and expenses 90,117 86,738 263,951 240,741 Operating income $ 21,421 $ 25,782 $ 68,093 $ 82,462 (1) Exclusive of depreciation and amortization. * Rounding may cause variances. Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 FinTech Revenues Financial access services $ 57,158 $ 53,296 $ 169,032 $ 154,051 Software and other 24,838 22,192 73,048 59,056 Hardware 13,066 16,310 41,665 40,846 Total revenues 95,062 91,798 283,745 253,953 Costs and expenses Cost of revenues (1) Financial access services 2,925 2,760 8,521 7,405 Software and other 1,484 1,163 4,830 2,984 Hardware 8,904 10,771 27,926 27,074 Total cost of revenues 13,313 14,694 41,277 37,463 Operating expenses 38,209 36,494 117,022 103,344 Research and development 6,055 5,505 16,963 14,991 Depreciation 2,410 2,438 7,376 7,021 Amortization 4,049 3,831 11,435 11,838 Total costs and expenses 64,036 62,962 194,073 174,657 Operating income $ 31,026 $ 28,836 $ 89,672 $ 79,296 (1) Exclusive of depreciation and amortization. * Rounding may cause variances. At September 30, At December 31, 2023 2022 Total assets Games $ 928,911 $ 911,907 FinTech 935,461 1,006,336 Total assets $ 1,864,372 $ 1,918,243

BUSINESS (Details)

BUSINESS (Details)	9 Months Ended
	Sep. 30, 2023 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of business segments	2

BASIS OF PRESENTATION AND SUM_4

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 209,378	$ 293,394
Restricted Cash, Current, Statement of Financial Position [Extensible Enumeration]	Prepaid expenses and other current assets	Prepaid expenses and other current assets
Restricted cash - current	$ 4,651	$ 1,568
Restricted Cash, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Restricted cash - non-current	$ 101	$ 101
Total	214,130	295,063	$ 259,547	$ 303,726
Cash and Cash Equivalents
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 209,378	$ 293,394

BASIS OF PRESENTATION AND SUM_5

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Contractual terms of trade and loans receivable	12 months	12 months

BASIS OF PRESENTATION AND SUM_6

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Estimated Fair Value and Outstanding Balances of Borrowings (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022	Aug. 03, 2021
Senior secured notes | New Revolver
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Principal amount of debt	$ 600,000,000	$ 600,000,000	$ 600,000,000
Senior unsecured notes | 2021 Unsecured Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Principal amount of debt	400,000,000	400,000,000
Fair Value | Level 2 | New Term Loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	586,500,000	588,560,000
Fair Value | Level 2 | Incremental Term Loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	345,000,000	346,000,000
Outstanding Balance | Level 2 | New Term Loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	586,500,000	592,500,000
Outstanding Balance | Level 2 | Incremental Term Loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 400,000,000	$ 400,000,000

REVENUES - Contract Asset and L

REVENUES - Contract Asset and Liability (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Contract assets
Balance, beginning of period	$ 22,417	$ 15,221
Balance, end of period	22,001	22,812
(Decrease) increase	(416)	7,591
Contract liabilities
Balance, beginning of period	53,419	36,615
Balance, end of period	55,722	46,706
Increase	$ 2,303	$ 10,091

REVENUES (Details)

REVENUES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Contract with customer liability			$ 38,600	$ 25,100
Total revenues	$ 206,600	$ 204,318	615,789	577,156
Games
Disaggregation of Revenue [Line Items]
Total revenues	111,538	112,520	332,044	323,203
Gaming operations, leased equipment | Games
Disaggregation of Revenue [Line Items]
Total revenues	$ 52,700	$ 51,400	$ 153,400	$ 148,000

LEASES - Balance Sheet Informat

LEASES - Balance Sheet Information (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Leases [Abstract]
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets	Other assets
Operating lease right-of-use (“ROU”) assets	$ 13,804	$ 17,169
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accounts payable and accrued expenses	Accounts payable and accrued expenses
Less: Current operating lease obligations	$ 6,605	$ 6,507
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other accrued expenses and liabilities	Other accrued expenses and liabilities
Non-current operating lease liabilities	$ 10,332	$ 14,738

LEASES - Cash Flow Information

LEASES - Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Cash paid for:
Long-term operating leases	$ 1,902	$ 1,855	$ 5,476	$ 5,165
Short-term operating leases	496	398	1,341	1,205
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$ 0	$ 997	$ 852	$ 7,448

LEASES - Lease Costs (Details)

LEASES - Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Leases [Abstract]
Weighted average remaining lease term, operating leases	2 years 8 months 12 days		2 years 8 months 12 days		3 years 4 months 24 days
Weighted average discount rate, operating leases	4.79%		4.79%		4.72%
Operating lease cost	$ 1,632	$ 1,663	$ 4,668	$ 4,492
Variable lease cost	$ 401	$ 259	$ 1,026	$ 902

LEASES - Payments Due (Details)

LEASES - Payments Due (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Amount
2023 (excluding the nine months ended September 30, 2023)	$ 1,879
2024	7,054
2025	5,978
2026	2,200
2027	608
Thereafter	359
Total future minimum lease payments	18,078
Less: Amount representing interest	1,141
Present value of future minimum lease payments	16,937
Less: Current operating lease obligations	6,605	$ 6,507
Long-term lease obligations	$ 10,332	$ 14,738

LEASES - Narrative (Details)

LEASES - Narrative (Details) $ in Millions	Sep. 30, 2023 USD ($)
Leases [Abstract]
Lease not yet commenced, term of contract	10 years
Lease not yet commenced	$ 27.3

BUSINESS COMBINATIONS - Narrati

BUSINESS COMBINATIONS - Narrative (Details) $ in Thousands, $ in Millions						3 Months Ended					9 Months Ended
	May 01, 2023 USD ($)	Oct. 14, 2022 USD ($)	Apr. 30, 2022 USD ($)	Mar. 01, 2022 AUD ($)	Mar. 01, 2022 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Jun. 30, 2022 AUD ($)	Jun. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) business
Business Acquisition [Line Items]
Final payment and deferred taxes											$ 200
Trade receivables						$ 2,000					2,000
Inventory						$ 3,400					$ 3,400
Number of acquired businesses | business											4
ecash Holdings Pty Limited
Business Acquisition [Line Items]
Cash consideration paid at closing				$ 20	$ 15,000
Payments for excess net working capital									$ 8.7	$ 6,000
Business combination, consideration transfer								$ 2,300
ecash Holdings Pty Limited | Tranche One
Business Acquisition [Line Items]
Contingent consideration				$ 5	$ 3,400
Contingent consideration, period since closing				1 year	1 year
ecash Holdings Pty Limited | Tranche Two
Business Acquisition [Line Items]
Contingent consideration				$ 6.5
Contingent consideration, period since closing				2 years	2 years
Intuicode
Business Acquisition [Line Items]
Cash consideration paid at closing			$ 12,500
Cash consideration to be paid post-closing			1,600
Final payment and deferred taxes							$ 1,300
Intuicode | Business Combination, Contingent Consideration, Period One
Business Acquisition [Line Items]
Business combination, contingent consideration, earn-out liability			$ 6,400
Revenue target anniversary			1 year
Intuicode | Business Combination, Contingent Consideration, Period Two
Business Acquisition [Line Items]
Business combination, contingent consideration, earn-out liability			$ 4,600
Revenue target anniversary			2 years
Venuetize, Inc.
Business Acquisition [Line Items]
Cash consideration paid at closing		$ 18,200
Business combination, consideration transfer		21,000
Business combination, contingent consideration, earn-out liability		$ 2,800
Cash payments, noncurrent, payment period		2 years
Venuetize, Inc. | Measurement Input, Discount Rate
Business Acquisition [Line Items]
Acquired business discount rate						0.07					0.07
Venuetize, Inc. | Business Combination, Contingent Consideration, Period One
Business Acquisition [Line Items]
Revenue target anniversary		12 months
Venuetize, Inc. | Business Combination, Contingent Consideration, Period Two
Business Acquisition [Line Items]
Revenue target anniversary		24 months
Venuetize, Inc. | Business Combination, Contingent Consideration, Period Three
Business Acquisition [Line Items]
Revenue target anniversary		30 months
VKGS LLC
Business Acquisition [Line Items]
Cash consideration paid at closing	$ 61,013
Business combination, consideration transfer	61,479
Cash consideration to be paid post-closing	466
Additional net working capital payment						$ 300
Business combination, contingent consideration, earn-out liability	$ 200
Revenue target anniversary	18 months
Cash						$ 1,900					$ 1,900
Other intangible assets	$ 25,770
Revenue since acquisition date											11,300
Net loss since acquisition date											2,200
Transaction costs											$ 400
VKGS LLC | Customer relationships
Business Acquisition [Line Items]
Other intangible assets	17,520
VKGS LLC | Developed technology
Business Acquisition [Line Items]
Other intangible assets	7,300
VKGS LLC | Trade name
Business Acquisition [Line Items]
Other intangible assets	$ 950
VKGS LLC | Measurement Input, Discount Rate | Customer relationships
Business Acquisition [Line Items]
Finite-lived intangible assets acquired, measurement input	14%
VKGS LLC | Measurement Input, Discount Rate | Developed technology
Business Acquisition [Line Items]
Finite-lived intangible assets acquired, measurement input	14%
VKGS LLC | Measurement Input, Discount Rate | Trade name
Business Acquisition [Line Items]
Finite-lived intangible assets acquired, measurement input	15%
VKGS LLC | Measurement Input, Royalty Rate | Developed technology
Business Acquisition [Line Items]
Finite-lived intangible assets acquired, measurement input	10%
VKGS LLC | Measurement Input, Royalty Rate | Trade name
Business Acquisition [Line Items]
Finite-lived intangible assets acquired, measurement input	1%

BUSINESS COMBINATIONS - Schedul

BUSINESS COMBINATIONS - Schedule of Total Purchase Consideration (Details) - VKGS LLC - USD ($) $ in Thousands	May 01, 2023	Sep. 30, 2023
Business Acquisition [Line Items]
Cash consideration paid at closing	$ 61,013
Cash consideration to be paid post-closing	466
Total purchase consideration	$ 61,479
Cash		$ 1,900

BUSINESS COMBINATIONS - Sched_2

BUSINESS COMBINATIONS - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Sep. 30, 2023	May 01, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Goodwill	$ 740,097		$ 715,870
VKGS LLC
Business Acquisition [Line Items]
Current assets		$ 7,715
Property and equipment		4,485
Other intangible assets		25,770
Goodwill		24,267
Other assets		763
Total Assets		63,000
Accounts payable and accrued expenses		1,193
Other accrued expenses and liabilities		328
Total liabilities		1,521
Net assets acquired		$ 61,479

BUSINESS COMBINATIONS - Intangi

BUSINESS COMBINATIONS - Intangible Assets Acquired as Part of Business Combination (Details) - VKGS LLC $ in Thousands	May 01, 2023 USD ($)
Business Acquisition [Line Items]
Other intangible assets	$ 25,770
Trade name
Business Acquisition [Line Items]
Useful Life (Years)	10 years
Other intangible assets	$ 950
Developed technology
Business Acquisition [Line Items]
Useful Life (Years)	7 years
Other intangible assets	$ 7,300
Customer relationships
Business Acquisition [Line Items]
Useful Life (Years)	14 years
Other intangible assets	$ 17,520

BUSINESS COMBINATIONS - Busines

BUSINESS COMBINATIONS - Business Acquisition, Prom Forma Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Revenues	$ 206,601	$ 212,239	$ 625,017	$ 611,005
Net income	$ 26,646	$ 26,538	$ 81,911	$ 84,261

FUNDING AGREEMENTS (Details)

FUNDING AGREEMENTS (Details) - Indemnification Guarantee - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Contract Cash Solutions Agreement
Funding Agreements
Cash usage fees incurred	$ 5,100,000	$ 2,700,000	$ 15,300,000	$ 5,500,000
Outstanding balance	329,800,000		329,800,000		$ 444,600,000
Contract Cash Solutions Agreement, as amended
Funding Agreements
Maximum amount	$ 300,000,000		$ 300,000,000
Renewal period			1 year
Guarantor obligations, non-renewal notice period			90 days

TRADE AND OTHER RECEIVABLES - S

TRADE AND OTHER RECEIVABLES - Schedule of Components of Trade and Other Receivables (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Trade and other receivables, net
Contract assets	$ 22,001	$ 22,417
Other receivables	3,303	6,110
Total trade and other receivables, net	142,095	146,652
Non-current portion of receivables	30,582	27,757
Contract assets	9,286	9,856
Total trade and other receivables, current portion	111,513	118,895
Gaming operations
Trade and other receivables, net
Trade receivables, net	69,216	78,200
Non-current portion of receivables	568	1,382
FinTech
Trade and other receivables, net
Trade receivables, net	47,575	39,925
Non-current portion of receivables	$ 20,728	$ 16,519

TRADE AND OTHER RECEIVABLES - A

TRADE AND OTHER RECEIVABLES - Activity in Allowance for Credit Losses (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning allowance for credit losses	$ (4,855)	$ (5,161)
Provision	(8,861)	(7,286)
Charge-offs, net of recoveries	8,539	6,470
Ending allowance for credit losses	$ (5,177)	$ (5,977)

INVENTORY (Details)

INVENTORY (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Inventory
Component parts	$ 56,251	$ 48,688
Work-in-progress	2,635	323
Finished goods	14,553	9,339
Total inventory	$ 73,439	$ 58,350

PROPERTY AND EQUIPMENT - Schedu

PROPERTY AND EQUIPMENT - Schedule of Components of Property, Equipment and Leased Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Cost	$ 459,061		$ 459,061		$ 415,256
Accumulated Depreciation	321,391		321,391		281,611
Net Book Value	137,670		137,670		133,645
Depreciation	19,902	$ 17,444	58,373	$ 48,342
Rental pool - deployed
Property, Plant and Equipment [Line Items]
Cost	298,902		298,902		279,524
Accumulated Depreciation	213,920		213,920		188,369
Net Book Value	$ 84,982		$ 84,982		91,155
Rental pool - deployed | Minimum
Property, Plant and Equipment [Line Items]
Useful Life (Years)	2 years		2 years
Rental pool - deployed | Maximum
Property, Plant and Equipment [Line Items]
Useful Life (Years)	5 years		5 years
Rental pool - undeployed
Property, Plant and Equipment [Line Items]
Cost	$ 37,236		$ 37,236		30,378
Accumulated Depreciation	29,080		29,080		23,930
Net Book Value	$ 8,156		$ 8,156		6,448
Rental pool - undeployed | Minimum
Property, Plant and Equipment [Line Items]
Useful Life (Years)	2 years		2 years
Rental pool - undeployed | Maximum
Property, Plant and Equipment [Line Items]
Useful Life (Years)	5 years		5 years
Machinery, office, and other equipment
Property, Plant and Equipment [Line Items]
Cost	$ 62,166		$ 62,166		55,246
Accumulated Depreciation	40,194		40,194		34,456
Net Book Value	$ 21,972		$ 21,972		20,790
Machinery, office, and other equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful Life (Years)	1 year		1 year
Machinery, office, and other equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful Life (Years)	5 years		5 years
Leasehold and building improvements
Property, Plant and Equipment [Line Items]
Cost	$ 23,094		$ 23,094		13,666
Accumulated Depreciation	11,579		11,579		10,689
Net Book Value	11,515		11,515		2,977
FinTech
Property, Plant and Equipment [Line Items]
Depreciation	2,410	$ 2,438	7,376	$ 7,021
FinTech | Machinery, office, and other equipment
Property, Plant and Equipment [Line Items]
Cost	37,663		37,663		36,442
Accumulated Depreciation	26,618		26,618		24,167
Net Book Value	$ 11,045		$ 11,045		$ 12,275
FinTech | Machinery, office, and other equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful Life (Years)	1 year		1 year
FinTech | Machinery, office, and other equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful Life (Years)	5 years		5 years

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 740,097		$ 740,097		$ 715,870
Amortization of intangible assets	$ 15,200	$ 15,300	$ 43,700	$ 43,600

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Other Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Cost	$ 873,942	$ 813,241
Accumulated Amortization	622,892	574,966
Net Book Value	251,050	238,275
Contract rights under placement fee agreements
Finite-Lived Intangible Assets [Line Items]
Cost	57,821	57,821
Accumulated Amortization	19,257	12,252
Net Book Value	$ 38,564	45,569
Contract rights under placement fee agreements | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	2 years
Contract rights under placement fee agreements | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	7 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Cost	$ 349,136	331,999
Accumulated Amortization	250,030	233,150
Net Book Value	$ 99,106	98,849
Customer relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	3 years
Customer relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	14 years
Developed technology and software
Finite-Lived Intangible Assets [Line Items]
Cost	$ 442,238	401,087
Accumulated Amortization	332,064	309,285
Net Book Value	$ 110,174	91,802
Developed technology and software | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	1 year
Developed technology and software | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	7 years
Patents, trademarks, and other
Finite-Lived Intangible Assets [Line Items]
Cost	$ 24,747	22,334
Accumulated Amortization	21,541	20,279
Net Book Value	$ 3,206	$ 2,055
Patents, trademarks, and other | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	2 years
Patents, trademarks, and other | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	18 years

LONG-TERM DEBT - Schedule of Ou

LONG-TERM DEBT - Schedule of Outstanding Indebtedness (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022	Aug. 03, 2021
Debt Instrument [Line Items]
Total debt	$ 986,500,000	$ 992,500,000
Debt issuance costs and discount	(12,653,000)	(14,505,000)
Total debt after debt issuance costs and discount	973,847,000	977,995,000
Current portion of long-term debt	(4,500,000)	(6,000,000)
Total long-term debt, net of current portion	969,347,000	971,995,000
Senior secured notes | New Revolver
Debt Instrument [Line Items]
Principal amount of debt	$ 600,000,000	600,000,000	$ 600,000,000
Senior secured notes | New Revolver | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread	2.50%
Revolving credit facility | New Revolver
Debt Instrument [Line Items]
Total debt	$ 0	0
Principal amount of debt	$ 125,000,000
Revolving credit facility | New Revolver | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread	2.50%
Senior secured notes
Debt Instrument [Line Items]
Total debt	$ 586,500,000	592,500,000
Senior secured notes | Senior secured notes | New Revolver
Debt Instrument [Line Items]
Total debt	586,500,000	592,500,000
Senior unsecured notes | 2021 Unsecured Notes
Debt Instrument [Line Items]
Total debt	400,000,000	400,000,000
Principal amount of debt	$ 400,000,000	$ 400,000,000
Interest rate	5%

LONG-TERM DEBT - Narrative (Det

LONG-TERM DEBT - Narrative (Details)		3 Months Ended	9 Months Ended
	Aug. 03, 2021 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Senior unsecured notes | FinTech Segment
Debt Instrument [Line Items]
Principal amount of debt		$ 400,000,000	$ 400,000,000
New Credit Facilities | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Floor interest rate	0.50%
Basis spread	2.50%
New Credit Facilities | Base Rate
Debt Instrument [Line Items]
Basis spread	1.50%
2017 Unsecured Notes | Senior unsecured notes
Debt Instrument [Line Items]
Interest rate		5%	5%
Senior secured notes | New Revolver
Debt Instrument [Line Items]
Debt term	7 years
Principal amount of debt	$ 600,000,000	$ 600,000,000	$ 600,000,000	$ 600,000,000
Percentage of par amount issued	0.9975
Senior secured notes | New Revolver | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread			2.50%
Revolving credit facility | New Revolver
Debt Instrument [Line Items]
Principal amount of debt		$ 125,000,000	$ 125,000,000
Maximum borrowing capacity	$ 125,000,000
Revolving credit facility | New Revolver | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread			2.50%
Incremental Term Loan | Incremental Term Loan Credit Agreement April 21, 2020
Debt Instrument [Line Items]
Weighted average interest rate during period		7.86%	7.47%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details)	Sep. 20, 2023 decision
Commitments and Contingencies Disclosure [Abstract]
Number of written decisions	5

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	May 03, 2023	Dec. 31, 2022	May 04, 2022
Stockholders' Equity Note [Abstract]
Stock repurchase program, authorized amount					$ 180,000,000		$ 180,000,000
Stock repurchase program, period in force			18 months
Common stock outstanding (in shares)	86,024,000		86,024,000			88,036,000
Treasury stock (in shares)	37,122,000		37,122,000			31,353,000
Treasury stock acquired (in shares)	2,400,000	900,000	5,100,000	2,900,000
Treasury stock acquired (in usd per share)	$ 13.88	$ 17.29	$ 14.36	$ 16.87
Repurchase of shares	$ 33,900,000	$ 16,000,000	$ 73,900,000	$ 49,400,000
Stock repurchase program, remaining authorized repurchase amount	$ 106,100,000		$ 106,100,000

WEIGHTED AVERAGE SHARES OF CO_3

WEIGHTED AVERAGE SHARES OF COMMON STOCK - Schedule of Weighted Average Number of Shares (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Weighted average shares
Weighted average number of common shares outstanding - basic (in shares)	87,221	90,014	87,925	91,039
Potential dilution from equity awards (in shares)	4,024	6,422	5,237	7,267
Weighted average number of common shares outstanding - diluted (in shares)	91,245	96,436	93,162	98,306
Anti-dilutive equity awards excluded from computation of earnings per share (in shares)	600	200	200	100

SHARE-BASED COMPENSATION - Summ

SHARE-BASED COMPENSATION - Summary of Award Activity (Details) shares in Thousands	9 Months Ended
	Sep. 30, 2023 shares
Stock Options
Stock Options
Outstanding (in shares)	6,793
Granted (in shares)	103
Exercised options (in shares)	(2,037)
Canceled or forfeited (in shares)	(28)
Outstanding (in shares)	4,831
Restricted Stock Units
Restricted Stock Units
Outstanding (in shares)	2,709
Granted (in shares)	1,537
Vested (in shares)	(1,720)
Canceled or forfeited (in shares)	(54)
Outstanding (in shares)	2,472
Common Stock
Restricted Stock Units
Number of shares available for grant (in shares)	2,100

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Effective income tax rate	18.10%	26%	17.70%	24.20%
Statutory federal rate			21%	21%
Unrecognized tax benefits	$ 2.7		$ 2.7

SEGMENT INFORMATION - Revenues,

SEGMENT INFORMATION - Revenues, Operating Income, and Assets (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Revenues
Total revenues		$ 206,600	$ 204,318	$ 615,789	$ 577,156
Costs and expenses
Operating expenses		61,014	56,354	181,596	161,230
Research and development		16,120	16,803	48,853	43,386
Depreciation		19,902	17,444	58,373	48,342
Amortization		15,202	15,303	43,739	43,582
Total costs and expenses		154,153	149,700	458,024	415,398
Operating income		52,447	54,618	157,765	161,758
Total assets
Total assets		1,864,372		1,864,372		$ 1,918,243
Games
Revenues
Total revenues		111,538	112,520	332,044	323,203
Costs and expenses
Total cost of revenues	[1]	28,602	29,102	84,186	81,395
Operating expenses		22,805	19,860	64,574	57,886
Research and development		10,065	11,298	31,890	28,395
Depreciation		17,492	15,006	50,997	41,321
Amortization		11,153	11,472	32,304	31,744
Total costs and expenses		90,117	86,738	263,951	240,741
Operating income		21,421	25,782	68,093	82,462
Total assets
Total assets		928,911		928,911		911,907
Games | Gaming operations
Revenues
Total revenues		78,400	75,020	231,490	219,437
Costs and expenses
Total cost of revenues	[1]	10,363	6,557	25,557	18,674
Games | Gaming equipment and systems
Revenues
Total revenues		33,138	37,500	100,554	103,766
Costs and expenses
Total cost of revenues	[1]	18,239	22,545	58,629	62,721
FinTech
Revenues
Total revenues		95,062	91,798	283,745	253,953
Costs and expenses
Total cost of revenues	[1]	13,313	14,694	41,277	37,463
Operating expenses		38,209	36,494	117,022	103,344
Research and development		6,055	5,505	16,963	14,991
Depreciation		2,410	2,438	7,376	7,021
Amortization		4,049	3,831	11,435	11,838
Total costs and expenses		64,036	62,962	194,073	174,657
Operating income		31,026	28,836	89,672	79,296
Total assets
Total assets		935,461		935,461		$ 1,006,336
FinTech | Financial access services
Revenues
Total revenues		57,158	53,296	169,032	154,051
Costs and expenses
Total cost of revenues	[1]	2,925	2,760	8,521	7,405
FinTech | Software and other
Revenues
Total revenues		24,838	22,192	73,048	59,056
Costs and expenses
Total cost of revenues	[1]	1,484	1,163	4,830	2,984
FinTech | Hardware
Revenues
Total revenues		13,066	16,310	41,665	40,846
Costs and expenses
Total cost of revenues	[1]	$ 8,904	$ 10,771	$ 27,926	$ 27,074
[1](1) Exclusive of depreciation and amortization.

SEGMENT INFORMATION - Major Cus

SEGMENT INFORMATION - Major Customers (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022
Five largest customers | Customer risk | Revenue from Contract with Customer
Revenue, Major Customer [Line Items]
Concentration risk, percentage	14%	12%	14%