Everi Holdings supplies AML solution to Great Canadian Entertainment

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Everi Holdings has partnered with Great Canadian Entertainment to supply its anti-money laundering solution to the operator’s properties.

Through the deal, the supplier’s Everi Compliance AML solution will be provided to Great Canadian’s Casino New Brunswick and Casino Nova Scotia properties, joining over 600 gaming properties across North America that use the Everi Compliance AML software.

“We evaluated various AML solutions in our selection process and determined that the Everi Compliance solution best fits our needs,” stated Sukvinder Singh, Chief Compliance Officer at Great Canadian.

“We are looking forward to working with the Everi team to enhance our AML program in our Atlantic properties.”

Everi’s agreement with Great Canadian comes as the supplier undergoes preparations to merge with IGT’s Global Gaming and PlayDigital segments.

The supplier is hopeful that the IGT merger will “create a global leader in gaming equipment, fintech services and casino systems” and a “comprehensive and diverse portfolio of high-performing land-based, digital, and fintech gaming products and services”.

Subject to receipt of regulatory approvals, the approval by Everi stockholders and IGT shareholders, and satisfaction of other customary closing conditions, the transaction is expected to close in late 2024 or early 2025.

Commenting on the deal with Great Canadian, Darren Simmons, EVP and FinTech Business Leader at Everi, added: “Everi is delighted to be selected by Great Canadian, Canada’s premier gaming and hospitality company, as their AML solution provider. 

“We have made significant investments in our RegTech business and are proud to work with multiple Canadian operators to achieve higher levels of compliance. Our robust solutions have been built to support the ever-changing regulatory landscape in Canada.”