Everi wants a federal judge in Nevada to toss an antitrust lawsuit that accuses the company of “abuse of its power … to stifle competition” in the emerging cashless payments market. Everi’s CashClub mobile app, pictured above, provides cashless wagering for gamblers. The company denies the allegation it has gained a stranglehold on the market by tying casinos to “onerous” contracts. (Image: Everi) In a court filing on Monday, the casino operations giant described the suit brought by digital payments company Koin Mobile as “baseless” and “misguided.” Koin claims Everi illegally forces casinos to employ its own digital payments product exclusively by tying them to “onerous” contracts involving its other cash-access services. Market Dominance The digital wallets operate much like Paypal or Venmo, but with added features specific to the highly regulated casino industry. They allow cashless gambling for users by linking external funding sources like credit cards and bank… Read More
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