Everi Holdings sees FY17 expenditures $95M-$105M
Sees revenue from kiosk sales and service and compliance products are expected to be lower in the second half of 2017 as compared to 2016, and is reflected in the overall Payments revenue and Adjusted EBITDA growth discussed above. Sees FY17 depreciation expense is expected to be between $44M-$46M. Amortization expense is expected to decline significantly from the $94.6M reported in 2016 to between $69M-$71M. This reduction is the result of certain intangible assets that were recorded as part of the Company's purchase price allocation from the merger of Everi and Everi Games Holding Inc. becoming fully amortized in 2016. Sees FY17 interest expense $95M-$97M, inclusive of Vault Cash interest expense of between $4M-$5M non-cash amortization of debt issuance costs of approximately $6M for 2017. The Company expects to record a provision for income tax of between $4M-$5M which includes cash tax payments of between $2M-$3M.