Everi Holdings Inc. of Las Vegas has entered into a purchase agreement to acquire the majority of assets of VKGS LLC (“Video King”), a privately-owned, Omaha-based provider of electronic bingo gaming tablets, video gaming content, instant win games, and systems. Everi expects to close the $59 million deal within 60 days.
Currently licensed in 60 jurisdictions, Video King is expected to expand the market for Everi’s digital gaming content. Video King generated revenue of more than $25 million in 2022, primarily from recurring revenues generated by an installed base of more than 50,000 portable electronic bingo tablets in tribal casinos, commercial casinos, charitable bingo halls, military bases and cruise lines, as well as from the sale of traditional bingo equipment and consumable products.
Video King
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Video King
I learned about this obscure local company a couple months ago from a former employee. Alas it's become another acquired local company. Per the Grow Omaha newsletter,