"Casinos are collecting less than 1% of their slot data, they're using hardware designed in the 1990s"
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Acres Manufacturing Company introduced PayAction Sports Bonus as part of its Global Gaming Expo lineup this year. It uses a live sports data feed to trigger a bonus round on any slot machine connected to AMC’s Foundation casino management system. First deployments of this bonus are expected in Q1 2022. The company's COO Noah Acres is the son of the founder and inventor of casino systems technology, John Acre.
AMC is negotiating with sports franchises, athletes and brands interested in distributing their own branded jackpots. AMC created a new gaming platform that interfaces a player's mobile phone with the player’s real-time gaming experience. Any in-game event can trigger a bonus paid to the mobile wallet. Bonuses can be revealed before, during or after the play session.
Acres Wallet was launched in September. It's a mobile payment app that combines cashless payments with real-time loyalty and bonusing in a live casino environment. It is important to improve the player experience. Casinos collect less than 1% of their slot data. They are using hardware designed in the 1990s. The profit potential for casinos is huge. If they know the exact value of any player at any time, they can send them any message or incentive at anytime.
Foundation is developing a new technology for casinos. It allows them to become cashless compatible in the most flexible way possible. Foundation's real-time data allows for mobile bonusing and real time marketing. It's the only technology that allows casinos to craft the player experience to their brand standards. If done correctly, casheless gaming will usher in a whole new group of players and casinos will experience massive profit growth.
Acres’ Foundation collects 100% of machine data in real-time. It's modular design "speeds regulatory approvals and supports rapid innovation". It can change the credit meter of any game on command. Foundation bears the brunt of all regulatory approval. It is easy for anyone to contribute an application to the Foundation environment. The architecture makes it incredibly easy. to connect to Foundation. This can also act as a passthrough device to a legacy system. Casinos are collecting less than 1% and using hardware from the 1990s. Consumer tastes have changed in 25 years.
Casinos are preparing for a Foundation install by creating and organizing a new data analytics department. 3rd party analytics developers are creating tools specifically for the Foundation platform. Casinos collect less than 1% of their slot data, they're using hardware designed in the 1990s. Penn National's cashless system is hands down the best in this industry.
The Foundation Platform Partnership program will launch in 2022. It will be used to develop an app store for the Foundation environment. The Foundation will continue to roll out cashless gaming with Penn National and others.
The company expects an IPO in 2022. The proceeds raised from the IPO will be used to further product development and to add to the company's patent portfolio.
