Scientific Games Expands Its Portfolio Of Cashless Gaming Solutions With ACS PlayOn Acquisition
LAS VEGAS, Oct. 5, 2021 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") has signed a definitive agreement to acquire ACS's cashless table game solution titled PlayOn. The PlayOn cashless product line conveniently provides players with a seamless debit solution at live table games. As a part of the Scientific Games portfolio, the ACS PlayOn product line will be called AToM™ – Access To On Demand Money.
The AToM solution lets players access funds at live table games without having to leave their seats. In addition, there are no back-end or out-of-network transaction fees charged by the player's financial institution. To access funds, players simply swipe their debit card and enter their PIN.
"We are thrilled to add the AToM product to our portfolio of convenient cashless solutions," said Rob Bone, Senior Vice President of Global Systems and Tables at Scientific Games. "This addition will allow us to provide operators and their players with a seamless, safe, and secure way to instantly access money right at the gaming position. We look forward to being able to offer this invaluable product to our customers across the globe."
This acquisition gives Scientific Games an immediate leadership position in cashless applications for table games. The AToM solution is currently live on 600 table games in California, Nevada and New Mexico. It augments the company's existing suite of cashless products, including its award-winning Unified Wallet, a solution that lets players digitally access funds to play EGMs and tables through the use of a mobile app. Unified Wallet features simple fund transfers in and out of the EGM, as well as loyalty club registration and access. AToM will provide an additional cashless solution for players to access funds and continue play at live table games.
For the last 30 years Scientific Games has been the worldwide leader in developing innovative table game content, shufflers, and digital solutions. AToM helps amplify the power of these games and utility products—like Ultimate Texas Hold'em and the i-Deal Plus—by creating a player experience that's fast and fun and friction-free.
Casino operators receive financial data from all gaming transactions made using AToM solution real time, using easy-to-implement internal management and accounting systems. The AToM system is certified, secure and PCI Compliant. As a measure to promote responsible gaming, Scientific Games supports organizations dedicated to problem gaming prevention and has developed responsible gaming technology solutions for their gaming business.
The AToM system is currently live at over 20 properties in North America.
About Light & Wonder, Inc.
Light & Wonder, Inc. (formerly known as Scientific Games Corporation), is the global leader in cross-platform games and entertainment. The Company brings together 5,000 employees from six continents to connect content between land-based and digital channels with unmatched technology and distribution. Guided by a culture that values daring teamwork and creativity, the Company builds new worlds of play, developing game experiences loved by players around the globe. Its OpenGaming™ platform powers the largest digital-gaming network in the industry. The Company is committed to the highest standards of integrity, from promoting player responsibility to implementing sustainable practices. To learn more, visit lnw.com.
In this press release, the Company makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "will," "may," and "should." These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results, or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors, including those factors described in our filings with the Securities and Exchange Commission (the “SEC”), including the Company’s current reports on Form 8-K, quarterly reports on Form 10-Q and its annual report on Form 10-K that was filed with the SEC on March 1, 2022 (including under the headings "Forward-Looking Statements" and "Risk Factors"). Forward-looking statements speak only as of the date they are made and, except for the Company’s ongoing obligations under the U.S. federal securities laws, the Company undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.