Everi Holdings Inc.

Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the joint IGT and every conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star, then the number one on your telephone keypad. If you'd like to withdraw your question, press star one again. We do ask that you please limit your questions to one and one follow-up. I would now like to turn the conference over to Jim Hurley, SVP, Investor Relations at IGT. Please go ahead.

Thank you, Regina, and thank you all for joining us for the joint call between IGT and Every Holdings. Today's call is hosted by Vince Adusky, IGT's Chief Executive Officer, and Randy Taylor, President and CEO of Every Holdings. After some prepared remarks, Vince, Randy, and other team members will be available for your questions. During today's call and in relation to the announced transaction, we would be making some forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are not guarantees and our actual results may differ materially from those expressed or implied in the forward-looking statements. The principal risks and uncertainties that could cause our results to differ materially from our current expectations are detailed in the latest IGT and every SEC filings. During this call, we will discuss certain non-GAAP financial measures. You'll find additional disclosures regarding these non-GAAP measures in IGT and every respective filings with the SEC, which are posted on our respective investor relations websites. And now I'll turn the call over to Ben Sadusky.

Thank you, Jim. We are excited to have you all join us this morning. By now you've seen the news that IGT intends to spin off its global gaming and play digital businesses and merge them with every existing operations. The combination of two robust gaming platforms with complementary capabilities and geographic footprints creates a comprehensive global gaming and fintech enterprise that is stronger and more valuable together. Joining me here today from IGT are Matt Sciatta, our Chief Financial Officer, Fabio Celedon, Executive Vice President of Strategy and Corporate Development. From EVRI, we have Randy Taylor, President and CEO, and Mark Labai, Chief Financial Officer. Well, last summer, IGT's Board of Directors began an evaluation of potential strategic alternatives for our global gaming and play digital businesses. The goal was to unlock the full value of IGT's portfolio of market-leading assets. The transaction announced today is a key milestone in that process. The separation of Lottery from Global Gaming and Play Digital and the merging of Global Gaming and Play Digital with Every create two best-in-class global pure play companies. IGT shareholders will retain 100% ownership of a Global Lottery pure play while participating in the upside from a faster-growing gaming, digital, and fintech business. We believe the creation of two more focused companies, each with top-notch teams and simplified business models, better positions each company to service its customers and create significant value for stakeholders. It allows for more focused operating and capital allocation strategies, capital structures that are optimized for different business models, and increased flexibility to pursue organic and inorganic growth strategies. It also provides the opportunity for investors to better appreciate the intrinsic value of each standalone business. I'll let Randy expand a bit on the transaction itself.