Archive for the ‘Betting Business News’ Category

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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BETXTECH LAUNCHES MOBILE SPORTS BETTING SYSTEM AT ICE

Monday, February 4th, 2008

– WIRELESS PERSONAL BETTING DEVICE TARGETING CASINOS –

 

LONDON, UK– 04 FEBRUARY 2008 – BetXTech, a niche focused software development and system integration firm launched XSS-Mobile, its new mobile sports betting solution last week at the International Casino Exhibition (ICE) in London. The company also showcased their commercially available No-Risk, Self-Service Sports Betting kiosk terminals, and announced its newly developed casino slot ticket redemption solution; an IGT EZ Pay integrated Voucher Redemption Terminal (VRT) which will be ready for delivery next month.

BetXTech Mobile Betting Device

The idea for XSS-Mobile and a personal mobile betting device came to the company last year after meetings with several internationally-based casino operators who shared the business requirements for such a solution. The operators wanted to allow their patrons to have the ability to freely bet wherever they were located within the establishments. “We believe that the flexibility of mobile betting is a very attractive proposition for any gaming operator and their clients, and the 2008 ICE show was the perfect venue for us to announce the wireless delivery of our sports betting solution”, says Melcom Copeland, a Director at BetXTech.

XSS-Mobile can run on a variety of handheld mobile devices such as Tablets, PCs, and PDAs which are linked by a 802.11 wireless fidelity (Wi-Fi) network to a secure server hosted by BetXTech. The company revealed its wireless sports betting solution at ICE on an attractive and easily portable Touch Screen Tablet PC with a 12.1″ monitor.

The solution offers casinos different practical applications – Casinos can equip their employees with a ‘walkabout’ sportsbook solution to take bets from customers, or the mobile betting device could be distributed directly to customers who are interested in placing bets in designated public areas of the Hotel & Casino resort such as swimming pools, bars, or lounges.

ABOUT BETXTECH

BetXTech, headquartered in the UK under the trading name of Betting Exchange Technologies Limited, specialises in providing betting applications that enable no-risk Sports Betting for casinos and bookmakers. The firm has been in the business of developing betting software the past 3 years, and has concentrated a large part of its efforts on delivering no-risk, retail-based solutions and the commercialisation of their self-service Sports Betting Kiosk Terminals in the UK and Ireland. The Company’s management team consists of experienced operations, software development, and finance personnel who collectively have over 20 years of online gambling and sports wagering software development. For more information, visit: http://www.betxtech.com

http://www.flickr.com/photos/23351109@N08/

 

BETXTECH TO SHOWCASE SPORTS BETTING KIOSKS AND CASINO SLOT TICKET REDEMPTION TERMINALS AT ICE 2008

Saturday, January 5th, 2008

BETXTECH TO SHOWCASE SPORTS BETTING KIOSKS AND

CASINO SLOT TICKET REDEMPTION TERMINALS AT ICE 2008

– RETAIL SPORTSBOOK AND VOUCHER REDEMPTION TERMINALS

TARGETING CASINOS –

LONDON, UK– 07JANUARY 2008 – BetXTech, a niche focused software development and system integration firm, has announced it will be making its debut ICE appearance, to showcase their No-Risk, Self-Service Sports Betting kiosk terminals, as well as its newly developed casino slot ticket redemption solution, an IGT EZ Pay integrated Voucher Redemption Terminal (VRT).
BetXTech EPOS Self-Service Betting Terminal
BetXTech
has been in the business of developing betting software the past 3 years, and has concentrated a large part of its efforts on delivering no-risk, retail-based solutions to betting shops and casinos. The company initially launched their flag-ship commercial Sportsbook product, the XSS-EPOS betting terminal, at the 2006 Betting Show in Birmingham, UK. The company has just recently successfully completed 1-year trials of the solution in association with several licensed betting operations throughout the UK and Ireland, with significant results.

Because of BetXTech’s electronic point of sale (EPOS) software and hardware integration expertise, the company was approached by leading casino operator, Regency International, to develop a bespoke slot ticket redemption terminal that would support cashless slot machine gaming (TITO – Ticket In Ticket Out) at Regency’s newly established Romania based casino. Regency’s slot machines are equipped with Future Logic GEN2 printers, and BetXTech’s XSS-VRT terminals will be capable of processing the slot ticket jackpot vouchers through IGT EZ-Pay using JCM American Corporation UBA Series validator and a high volume cash dispenser, featuring hefty 3000 note capacity cassettes with four different currency denominations. The VRT solution is to be delivered to Regency International beginning of Q1 2008. BetXTech Casino Slot Voucher Redemption Terminal

The boutique firm made the decision to become an exhibitor in this year’s ICE show in order to seek out strategic partners interested in distributing the company’s self-service sports betting and voucher redemption terminals to casinos. “Our decision to attend ICE 2008 this year as an exhibitor will surely prove to be one of the company’s major decisions leading to future business. We feel a good number of established casino suppliers will take an interest in our innovative and cost effective solutions as complimentary offerings to their existing portfolio”, says Melcom Copeland, a Director of BetXTech.

BetXTech will be showcasing its solutions at STAND #3032 at the International Casino Exhibition.

ABOUT BETXTECH

BetXTech, headquartered in the UK under the trading name of Betting Exchange Technologies Limited, specialises in providing betting applications that enable no-risk Sportsbetting for casinos and bookmakers. The Company’s management team consists of experienced operations, software development, and finance personnel who collectively have over 20 years of online gambling and sports wagering software development. For more information, visit http://www.betxtech.com.