Coin Scores Initial Victory in Everi Lawsuit

According to CDC Gaming, Coin scored an initial victory as a judge denied Everi’s motion to suppress disclosure. The ruling came despite Everi’s attempt to dismiss the antitrust case, which is still pending.

The initial victory follows a ruling last week in which U.S. District Court Judge Craig Denny ruled in a preliminary hearing that Coin’s claims had merit. In his lawsuit, Coin alleged that Everi used its contracts to lock its customers into exclusive use of its digital wallet, which Coin considered antitrust behavior, as it effectively limited competition in the cashless gaming segment.

Coin President Gary Larkin commented on the importance of the court's work in this case. "Judge Danny heard multiple motions and held lengthy oral arguments on this issue, and we are pleased to continue to investigate Everi's actions," he said.

Larkin also emphasized the importance of a competitive marketplace and a level playing field for all players, including Coin and Everi. "Everyone benefits from competition. That's the American way. This decision is another step forward in what we know will be a long fight, but it's worth it," he added.

"Our goal has always been to level the playing field for digital payment providers: Coin, Everi, and others," Gary Larkin said.

In filing a motion to dismiss Coin's lawsuit, Everi called the company's allegations "baseless and misguided." In its request, Everi argued that Coin is attempting to turn a dispute between two parties over a single casino into a broad antitrust lawsuit.

Everi noted, "Through this complaint, Plaintiff Coin Mobile seeks to transform a contractual dispute between the parties over a single casino into a broad antitrust lawsuit by accusing Defendant Everi of monopolizing and attempting to monopolize multiple purported markets across the country." The company also rejected Coin's claims that it offers a "low-cost alternative to cash financing," urging the court to dismiss the lawsuit.