Scientific Games Adds to Cashless Gaming Suite With PlayOn Buy

Scientific Games (NASDAQ:SGMS) is adding to its roster of cashless gaming solutions, announcing the acquisition of ACS’s cashless tabularise game mathematical product known as PlayOn.

Financial terms of the dealing weren’t disclosed. The PlayOn series of cashless gaming products tolerate gamblers to utilise debit cards to access cash in at unrecorded table games. When it’s added to the Scientific Games suite, the ACS PlayOn product rail line testament follow called AToM — Access To On Demand Money.

The AToM solution lets players memory access funds at live tabulate games without having to depart their seats. In addition, thither are no back-end or out-of-network transaction fees supercharged by the player’s financial institution. To approach funds, players simply swipe their debit entry card and get in their PIN,” according to a statement issued by Las Vegas-based Scientific Games.

Hastened past the coronavirus pandemic, the go to cashless gaming is taking away crossways the country and financial markets are more and more receptive to companies that provide those capabilities.

Scientific Games Growing Fintech Footprint

Fresh turned the sales event of its OpenBet sports wagering business organization to Endeavor Group Holdings, Inc. (NYSE:EDR), Scientific Games is viewed past many investors primarily as a one-armed bandit political machine manufacturer.

That has been the case. But with the OpenBet cut-rate sale and the pending divestment of its SG Lottery unit, the troupe is increasingly focused on digital gaming and technology.

The ACS PlayOn trade jibes with Scientific Games’ efforts to bolster its tech stack, and the investment community of interests could repay the firm’s efforts to encouragement its fintech offerings and entrance a larger slice of a fast-growing segment.

Investors’ enthusiasm comes as to a greater extent brick-and-mortar casinos are embracing cashless gaming inwards the backwash of the coronavirus pandemic. Reducing the apply of cash in in casinos is an efficient avenue for operators’ improving wellness and refuge protocols, and some executives are going so far as to phone call cash in “antiquated.”

AToM Acquisition Practical for Scientific Games

Scientific Games has long been involved with table content, production of shufflers, and related digital concepts, indicating the AToM deal makes sentiency for the buyer.

“AToM helps amplify the powerfulness of these games and usefulness products — the like Ultimate Texas Hold’em and the i-Deal Plus — by creating a participant go through that’s fasting and play and friction-free,” according to Scientific Games.

The AToM offering is currently live at 20 gaming venues inward California, Nevada, and New Mexico, cover 600 tabular array games.

The acquisition is the endorse past Scientific Games in less than two months. In late August, the accompany said it’s buying Sideplay Entertainment to expand its net drawing portfolio. Scientific Games didn’t say if the AToM purchase will live accretive to earnings.