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Most Recent Online Casino News

Integrated Resorts Set Stage

Specialist infotech firms offering niche solutions for casino operators could hit the jackpot once the two integrated resorts come up in Singapore.

Anurag Agrawal, chief operating officer of New York-based Access Markets International Partners, told BT in a phone interview that typically about 10 per cent of the overall cost of an integrated resort would go into technology solutions.

‘New technology like RFID (radio frequency identification) is now entering the casino business,’ Mr Agrawal said.

‘RFID embedded into gaming chips tracks the chip’s journey across the casino and can be used to prevent fraud, counterfeiting and other ills that loom in a typical casino operation.’ A case in point: The Wynn Las Vegas, a US$2.7 billion mega-resort set to open this month, will have betting chips with RFID built in. The ‘smart’ chips alone cost US$2 million, double the cost of ordinary betting chips. It is estimated that The Wynn will have US$15 to US$25 million worth of tech solutions.

‘The US$2 million price for the smart chips excludes additional equipment The Wynn will need to purchase, such as RFID readers, computers and networking gear,’ CNet News reported. ‘RFID could also help casinos catch card players who sneak extra betting chips on to the table after hands are dealt – or players who count cards. That’s one reason the Hard Rock Hotel and Casino in Las Vegas switched on a new set of RFID-equipped betting chips and tables in March.’

‘The overall gaming market is worth about US$10 billion, including casino gaming, online gaming and online gambling,’ according to Chimera, a Nevada-based gaming and e-commerce firm.

Read the entire article at: IT AsiaOne 

2004 Online Casino News Archive

 

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