Everly Holdings, the gaming industry’s leading single-source provider of gaming products, financial technology and loyalty solutions, today announced that its board has appointed Atul Bali to its board effective November 4, 2019. Determined that the board meets its criteria as an independent director for the purposes of the New York Stock Exchange rules, Mr. Bali has also been appointed as a member of the board’s audit committee (decided to be an audit committee financial expert), appointment and corporate governance committee, and compensation committee. With his appointment, the board will be expanded to eight members.
Mr. Bali is the non-executive chairman of Meridian Tech Holdings Ltd., a regulated global emerging market sports betting and online gaming company currently operating in Europe, Latin America, and Africa, and has held this position since May 2016. Having qualified as a certified public accountant for KPMG, Mr. Bali joined GTECH Corporation in 1997 and served in various executive positions, including President and CEO of GTECH G2, until his retirement in 2010. He later served as CEO of XEN Group from 2010 to 2012, and as the division president and CEO of Arboriat Technologies Inc., and RealNetworks, Inc., from 2014 to 2015.
In addition, Mr. Bali is an investor and advisor in a variety of privately owned lotto, gaming, and fintech businesses, including Instant Win Gaming Limited, which provides mobile instant winning games to state lotto operators, and Gaming Relm PLC, the developer, issuer, and license provider of mobile games. He also serves on the board of directors of Rainbow Rare Earth Limited, a mining company focused on the production and expansion of luxury gakara rare earth projects in Burundi, East Africa.
“We are excited to welcome Atul to Everi and think that his exceptional boardroom, leadership, and entrepreneurial experience will make him an ideal addition to the company’s board,” said E. Miles Kilburn, Everi Board President. “Atul’s rich experience in online gaming and global sports betting and lottery and payments businesses will benefit the company. We look forward to benefitting from his advice and expertise as we continue to focus on growth opportunities and implement strategies that enable us to deliver the next level of results for all stakeholders.”