{"id":324778,"date":"2024-07-10T07:53:31","date_gmt":"2024-07-10T12:53:31","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=324778"},"modified":"2024-07-10T10:02:55","modified_gmt":"2024-07-10T15:02:55","slug":"everi-asks-judge-to-jettison-koin-mobile-antitrust-suit","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/everi-asks-judge-to-jettison-koin-mobile-antitrust-suit\/","title":{"rendered":"Everi Asks Judge to Jettison Koin Mobile Antitrust Suit"},"content":{"rendered":"

Everi wants a federal judge in Nevada to toss an antitrust lawsuit that accuses the company<\/a> of \u201cabuse of its power \u2026 to stifle competition\u201d in the emerging cashless payments market.<\/p>\n

\"Everi,
Everi\u2019s 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 \u201conerous\u201d contracts. (Image: Everi)<\/figcaption><\/figure>\n

In a court filing on Monday, the casino operations giant described the suit brought by digital payments company Koin Mobile as \u201cbaseless\u201d and \u201cmisguided.\u201d<\/p>\n

Koin claims Everi illegally forces casinos to employ its own digital payments product exclusively by tying them to \u201conerous\u201d contracts involving its other cash-access services.<\/p>\n

Market Dominance<\/strong><\/h2>\n

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 accounts to smartphone apps that interface with casino management systems.<\/p>\n

\n

Everi, which supplies slot machines as well as financial equipment and services to casinos, controls around 75% to 90% of cash-access transactions in land-based casinos across America, according to estimates.<\/p>\n<\/div>\n

Everi\u2019s\u00a0proposed merger<\/a>\u00a0with gaming supply giant International Game Technology (IGT) will further cement that market dominance, Koin alleges in the lawsuit.<\/p>\n

Koin\u2019s Koin Wallet competes with Everi\u2019s CashClub Wallet. The lawsuit claims Everi has attempted to suppress competition by interfering with Koin\u2019s casino business relationships.<\/p>\n

\u2018Flawed\u2019 Claims<\/strong><\/h2>\n

In its motion to dismiss, Everi countered that in 2023, Koin convinced Baldini\u2019s Casino in Sparks, Nev. to breach its contract with Everi by agreeing to use the Koin Wallet. Everi subsequently sued Koin in a Nevada state court for intentional interference.<\/p>\n

Plaintiff Koin Mobile seeks to transform the parties\u2019 contract dispute concerning a single casino into a sweeping antitrust lawsuit alleging that defendant Everi monopolized and attempted to monopolize multiple alleged markets across the country,\u201d Everi\u2019s lawyers wrote in the filing. \u201cKoin\u2019s claims are misguided and flawed as a matter of law, and they should all be dismissed.\u201d<\/p><\/blockquote>\n

The company denied it engaged in “tying” because it argued digital wallets are substitutes to cash-access services and thus these products belong in the same, not distinct, product markets.<\/p>\n

Everi emphasized it doesn’t refuse to sell a casino a cash-access product unless the casino also agrees to use the CashClub Wallet. It also asserts there is healthy competition for digital gaming wallets.<\/p>\n

Koin is seeking \u201ctens of millions\u201d in damages for lost profits and business opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":"

Everi wants a federal judge in Nevada to toss an antitrust lawsuit that accuses the company of \u201cabuse of its power \u2026 to stifle competition\u201d in the emerging cashless payments market. In a court filing on Monday, the casino operations giant described the suit brought by digital payments company Koin Mobile as \u201cbaseless\u201d and \u201cmisguided.\u201d […]<\/p>\n","protected":false},"author":36,"featured_media":324779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,60,18],"tags":[],"acf":[],"yoast_head":"\nEveri Asks Judge to Jettison Koin Mobile Antitrust Suit<\/title>\n<meta name=\"description\" content=\"Everi files motion to dismiss Koin Mobile antitrust lawsuit that accuses it of gaining an unfair stranglehold on the cashless payments market\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/everi-asks-judge-to-jettison-koin-mobile-antitrust-suit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Everi Asks Judge to Jettison Koin Mobile Antitrust Suit\" \/>\n<meta property=\"og:description\" content=\"Everi files motion to dismiss Koin Mobile antitrust lawsuit that accuses it of gaining an unfair stranglehold on the cashless payments market\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/everi-asks-judge-to-jettison-koin-mobile-antitrust-suit\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-10T12:53:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-10T15:02:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/07\/Everi-mon.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1180\" \/>\n\t<meta property=\"og:image:height\" content=\"598\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/everi-asks-judge-to-jettison-koin-mobile-antitrust-suit\/\",\"url\":\"https:\/\/www.casino.org\/news\/everi-asks-judge-to-jettison-koin-mobile-antitrust-suit\/\",\"name\":\"Everi Asks Judge to Jettison Koin Mobile Antitrust Suit\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/everi-asks-judge-to-jettison-koin-mobile-antitrust-suit\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/everi-asks-judge-to-jettison-koin-mobile-antitrust-suit\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/07\/Everi-mon.jpg\",\"datePublished\":\"2024-07-10T12:53:31+00:00\",\"dateModified\":\"2024-07-10T15:02:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"Everi files motion to dismiss Koin Mobile antitrust lawsuit that accuses it of gaining an unfair stranglehold on the cashless payments market\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/everi-asks-judge-to-jettison-koin-mobile-antitrust-suit\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/everi-asks-judge-to-jettison-koin-mobile-antitrust-suit\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/everi-asks-judge-to-jettison-koin-mobile-antitrust-suit\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/07\/Everi-mon.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/07\/Everi-mon.jpg\",\"width\":1180,\"height\":598,\"caption\":\"Everi\u2019s CashClub mobile app, pictured above, provides cashless wagering for gamblers. But the company denies the allegation it has gained a stranglehold on the market by tying casinos to \u201conerous\u201d contracts. (Image: Everi)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/everi-asks-judge-to-jettison-koin-mobile-antitrust-suit\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial\",\"item\":\"https:\/\/www.casino.org\/news\/financial\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Everi Asks Judge to Jettison Koin Mobile Antitrust Suit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\",\"name\":\"Philip Conneller\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png\",\"caption\":\"Philip Conneller\"},\"description\":\"In Philip Conneller\u2019s eight years with Casino.org, he has covered the gaming industry from Las Vegas to Macau and everything in between. He currently focuses his coverage on gaming law, white-collar crime, global money laundering, tribal gaming, politics, and regulation. Philip was the original features editor for poker\u2019s Bluff Magazine and editor for Bluff Europe, which he helped launch. His writing has also been featured in ESPN, Forbes, Time Out, The Sun, and The Daily Star, as well as iGaming Business, eGaming Review, and numerous other industry news and tech websites. His news stories for Casino.org\/news have been linked by The Washington Post, The Daily Mail, People Magazine, and Jimmy Fallon's Tonight Show, among many others. Philip once won $20,000 with 7-2 off-suit. He has been reprimanded for unwittingly playing Elton John\u2019s piano on two separate occasions on both sides of the Atlantic. He became a writer because he is a lousy pianist. Philip lives outside London with his wife and children, where he spends his time agonizing about Arsenal FC. Contact Philip at philip.conneller@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/philip-conneller\",\"https:\/\/www.linkedin.com\/in\/philip-conneller-1495a48\/?originalSubdomain=uk\",\"https:\/\/x.com\/casinoorgphilc\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/phillip-conneller\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Everi Asks Judge to Jettison Koin Mobile Antitrust Suit","description":"Everi files motion to dismiss Koin Mobile antitrust lawsuit that accuses it of gaining an unfair stranglehold on the cashless payments market","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/everi-asks-judge-to-jettison-koin-mobile-antitrust-suit\/","og_locale":"en_US","og_type":"article","og_title":"Everi Asks Judge to Jettison Koin Mobile Antitrust Suit","og_description":"Everi files motion to dismiss Koin Mobile antitrust lawsuit that accuses it of gaining an unfair stranglehold on the cashless payments market","og_url":"https:\/\/www.casino.org\/news\/everi-asks-judge-to-jettison-koin-mobile-antitrust-suit\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2024-07-10T12:53:31+00:00","article_modified_time":"2024-07-10T15:02:55+00:00","og_image":[{"width":1180,"height":598,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/07\/Everi-mon.jpg","type":"image\/jpeg"}],"author":"Philip Conneller","twitter_card":"summary_large_image","twitter_creator":"@casinoorgphilc","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Philip Conneller","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/everi-asks-judge-to-jettison-koin-mobile-antitrust-suit\/","url":"https:\/\/www.casino.org\/news\/everi-asks-judge-to-jettison-koin-mobile-antitrust-suit\/","name":"Everi Asks Judge to Jettison Koin Mobile Antitrust Suit","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/everi-asks-judge-to-jettison-koin-mobile-antitrust-suit\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/everi-asks-judge-to-jettison-koin-mobile-antitrust-suit\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/07\/Everi-mon.jpg","datePublished":"2024-07-10T12:53:31+00:00","dateModified":"2024-07-10T15:02:55+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b"},"description":"Everi files motion to dismiss Koin Mobile antitrust lawsuit that accuses it of gaining an unfair stranglehold on the cashless payments market","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/everi-asks-judge-to-jettison-koin-mobile-antitrust-suit\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/everi-asks-judge-to-jettison-koin-mobile-antitrust-suit\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/everi-asks-judge-to-jettison-koin-mobile-antitrust-suit\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/07\/Everi-mon.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/07\/Everi-mon.jpg","width":1180,"height":598,"caption":"Everi\u2019s CashClub mobile app, pictured above, provides cashless wagering for gamblers. But the company denies the allegation it has gained a stranglehold on the market by tying casinos to \u201conerous\u201d contracts. (Image: Everi)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/everi-asks-judge-to-jettison-koin-mobile-antitrust-suit\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Financial","item":"https:\/\/www.casino.org\/news\/financial\/"},{"@type":"ListItem","position":3,"name":"Everi Asks Judge to Jettison Koin Mobile Antitrust Suit"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b","name":"Philip Conneller","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png","caption":"Philip Conneller"},"description":"In Philip Conneller\u2019s eight years with Casino.org, he has covered the gaming industry from Las Vegas to Macau and everything in between. He currently focuses his coverage on gaming law, white-collar crime, global money laundering, tribal gaming, politics, and regulation. Philip was the original features editor for poker\u2019s Bluff Magazine and editor for Bluff Europe, which he helped launch. His writing has also been featured in ESPN, Forbes, Time Out, The Sun, and The Daily Star, as well as iGaming Business, eGaming Review, and numerous other industry news and tech websites. His news stories for Casino.org\/news have been linked by The Washington Post, The Daily Mail, People Magazine, and Jimmy Fallon's Tonight Show, among many others. Philip once won $20,000 with 7-2 off-suit. He has been reprimanded for unwittingly playing Elton John\u2019s piano on two separate occasions on both sides of the Atlantic. He became a writer because he is a lousy pianist. Philip lives outside London with his wife and children, where he spends his time agonizing about Arsenal FC. Contact Philip at philip.conneller@casino.org.","sameAs":["https:\/\/muckrack.com\/philip-conneller","https:\/\/www.linkedin.com\/in\/philip-conneller-1495a48\/?originalSubdomain=uk","https:\/\/x.com\/casinoorgphilc"],"url":"https:\/\/www.casino.org\/news\/author\/phillip-conneller\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/324778"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=324778"}],"version-history":[{"count":3,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/324778\/revisions"}],"predecessor-version":[{"id":324801,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/324778\/revisions\/324801"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/324779"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=324778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=324778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=324778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}