Archive for August, 2009

BetXTech - What is a No-Risk Sports Betting Solution?

Monday, August 24th, 2009

Here at BetXTech, we have an innovative approach in offering No-Risk Sports betting to Operators who prefer NOT to take on the burden of creating and monitoring markets, taking on risk and managing liabilities of a traditional sportsbook. Our No-Risk sportsbook solutions cover several channels including EPOS bet capture systems for over the counter (OTC) betting, self-service kiosk terminals for anonymous betting, mobile devices and the web.

Here’s how it works:

We provide a ‘white-label’ solution (through one of the above mentioned channels) that allows you to offer a sportsbook at no risk or liability on bets which are passed directly onto the Betfair Betting Exchange platform at http://www.betfair.com

Our system allows you to put a ‘margin’ on those odds/prices offered on the Betfair Betting Exchange, and you in turn offer the resulting odds/prices to your customer at no-risk to you. Your profit comes from the margin based prices and also on % stake that a customer bets as our software allows for this through the model. You want your customers to win bets and win big since you also win as your customer bets are passed through your betting account with Betfair - this account (a.k.a. an aggregator account) acts as a bank or float so you can accept bets through your site.

For use of the Betfair data including sporting events/markets, and odds/prices all automatically generated through our solution, you have to enter a commercial partnership agreement with Betfair for shared revenue generated.


Melcom Copeland, Director
BetXTech
Loft #16,The Creative Lofts
15 Northumberland Street
Huddersfield, HD1 1DT
England

t: +44 020 8123 0968
w: http://www.betxtech.com
w: http://xcepos.betxtech.com

CashXTech and Rank Group’s Grosvenor Casinos in Leeds, United Kingdom, Deploy IGT EZPAY Voucher Redemption Terminal (VRT)

Monday, August 24th, 2009

FOR IMMEDIATE RELEASE

Date: 27 July 2009

Contact: +44 (0)20 8123 0968

CashXTech and Rank Group’s Grosvenor Casinos Deploy IGT EZPAY Voucher Redemption Terminal

Huddersfield, United Kingdom - 27 July 2009 - Following a £300,000 investment, Grosvenor Casinos opened its first electric casino in Merrion Way (Leeds), on Friday 17th July 2009 featuring a selection of slot machines and electronic roulette terminals.

At the heart of the new Electric Casino is CashXTech’s XSS-VRT an automated self-service payment solution for Casino jackpot voucher redemption. The interactive touchscreen terminal integrates with the International Game Technology EZ Pay® ticket-in, ticket-out system and provides cash out services for all 21 EZ Pay Gaming Machines in the casino. There is no manned cashier or a cage personnel as the VRT handles all the jackpot payouts 24/7.

BetXTech - IGT EZPAY TITO Voucher Redemption Terminal

BetXTech - IGT EZPAY TITO Voucher Redemption Terminal

The Grosvenor Electric Casino offers gamers the chance to play in an informal and relaxed setting. Based directly beneath the successful Grosvenor Casino Leeds, the 24-hour venue offers ten state- of-the-art £4,000 jackpot slot machines and 11 high-tech electronic roulette terminals. Melcom Copeland, Director of CashXTech said: "It’s just a matter of time that more and more European casinos start to incorporate automated voucher redemption terminals into their gaming floor operations. This is our second UK deployment, and we have another installation in the successful Regency International Casino in Tirana, Albania.

CashXTech’s automated ticket redemption solution provides an easy and convenient way for casino players to redeem cash-out tickets issued by EZ Play machines right on the casino floor. Valid bar-coded tickets redeemed through the XSS-VRT Redemption Station are paid on-the-spot by high-security, electronically controlled multi-denomination currency dispensers. The voucher redemption terminal is equipped with industry leading gaming hardware devices including JCM American Corporation UBA Series validator, a FutureLogic Gen2 receipt printer, Money Controls unversal coin hopper, and a high volume cash dispenser.

Unlike other voucher redemption terminals, XSS-VRT unique features include aesthetically modern design and a small footprint taking up only 1/3 of the space as existing solutions on the market. The solution can be delivered with an optional second overhead screen ideal for advertising as an additional revenue channel.

Phil Guynan, General Manager of the casino said: “We’re delighted that Leeds has been chosen to open Grosvenor’s first Electric Casino. It will offer Leeds residents and visitors the chance to experience the latest in gaming technology within a friendly, safe and informal environment, and our walk-in policy means that there is normally no need to register.”

About CashXTech

CashXTech is a leading European gaming payments solution provider specialising in Self-Service Payment EPOS solutions, or Voucher Redemption Terminals for Casinos, Arcades and Adult Gaming Centres. The company is a spin-off company formed from leading Self-Service EPOS betting software solutions company BetXTech.

About the Rank Group

Rank is a leading European gaming business, head-quartered in the UK and listed on the London Stock Exchange (RNK.L). The Group’s principal activities are: the operation of bingo clubs and casinos in the UK with complementary on-line gaming and bookmaking services.

About Grosvenor Casinos

Grosvenor Casinos is a leading British operator of casinos, operating 32 casinos in Great Britain, principally under the Grosvenor and G Casino brands in England and Wales. It also operates two casinos in Belgium. The business is head-quartered in Maidenhead, England.

CashtXTech
Loft #16,The Creative Lofts
15 Northumberland Street
Huddersfield, HD1 1DT
England

t: +44 020 8123 0968
f: +44 087 0912 5559

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