Everi and Penn National Gaming launches cashless gaming at Hollywood Casino York

(PRESS RELEASE) -- Everi Holdings Inc., a premier provider of land-based and digital casino gaming content and products, financial technology and player loyalty solutions, today announced that the Company's digital CashClub Wallet technology is powering Penn National Gaming, Inc.'s new mychoice Wallet at Hollywood Casino York in Pennsylvania, following previous installations at Hollywood Casino at Penn National Race Course and the Meadows Racetrack & Casino in Pennsylvania. The new mychoice Wallet provides Penn National's guests with a secure, convenient cashless payment method on the casino floor, and this installation is part of an agreement that will see mychoice Wallet introduced at Penn National's casino properties pending appropriate regulatory approvals.

Everi's CashClub Wallet is a mobile digital wallet that enables casino operators to offer cashless and contactless funding of electronic game play across the casino floor. Penn National's mychoice Wallet, powered by Everi, will allow guests to deposit funds into their digital wallet at their convenience — at any time or anywhere, including before arriving at the property or while at the property via a debit card, credit card or directly from their bank account. Guests can then access these funds for use directly at the game, creating a fully cashless, contactless environment that leverages the guest's mobile device. On the casino floor, mychoice Wallet will interface with the Foundation™ casino management system from Acres Manufacturing, which provides for direct interaction with all of the slot machines and table games, while also providing instantaneous sharing of slot player data across Penn National's casinos.

At the conclusion of game play, CashClub Wallet technology enables guests to move funds back into their digital wallet where they can be held for future use or electronically sent back into a bank account. Players can store multiple payment methods and easily move funds in and out of the casino. Everi's CashClub Wallet technology supports responsible gaming through spending limit management.

"The implementation of mychoice Wallet at our casino properties is an important step in our ongoing initiative to deploy a new generation of cashless, cardless and contactless technologies (the 3Cs) to improve guest service and operational efficiency," said Todd George, Executive Vice President of Operations at Penn National. "By eliminating transactional friction, we can provide our guests with the convenience and experience they get across many other consumer-facing industries, which have already adopted similar funding technologies. Through its integration with our mychoice player loyalty program, mychoice Wallet will also help us further extend our connection with our guests."

"Penn National has deployed our financial technology solutions, including our financial access services solutions, for many years and we are delighted to expand our relationship by providing our CashClub Wallet technology to support the rollout of mychoice Wallet across their nationwide casino footprint," said Darren Simmons, Executive Vice President and FinTech Business Leader for Everi. "Penn National's thoughtful approach and rapid rollout of this digital technology is an excellent example of the industry leadership position they are taking to provide their guests with more options and convenience, resulting in a more enjoyable gaming experience on their casino floors. mychoice Wallet will provide Penn National's guests with a new funding choice that gives them the same ability, comfort and convenience to load, retrieve and unload funds that they experience with other non-gaming, digital wallet applications."