Scientific Games has signed a definitive agreement to acquire the PlayOn cashless gaming solution from ACS.
Financial terms of the deal were not disclosed, but Scientific Games did confirm that if the acquisition were to complete, the ACS PlayOn product line would join its portfolio and be renamed AToM – Access To On Demand Money
The solution allows players to access funds at live table games without having to leave their seats. Players can swipe their debit card, enter their PIN and gain access to funds, without any back-end or out-of-network transaction fees charged by their financial institution.
In addition, casino operators running AToM receive financial data from all gaming-related transactions made using the solution in real time, allowing them to keep track of player behaviour and identify any potential problem gambling.
The AToM solution is currently live on 600 table games across California, Nevada and New Mexico
“We are thrilled to add the AToM product to our portfolio of convenient cashless solutions,” Scientific Games’ senior vice president of global systems and tables, Rob Bone, said. “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.”
The deal comes after Scientific Games last month agreed to divest its sports betting division OpenBet to global talent and media agency holding company Endeavor Group for $1.20bn.
The combination of OpenBet and IMG Arena, Endeavor said, would create a unique end-to-end solution, delivering official data and video streams, content, mobile products and betting technology solutions to leagues, federations and sportsbooks around the world.
Also last month, Scientific Games said expects its lottery division to break $1bn in revenue this year, after announcing plans to divest the business unit.
The gaming giant released information regarding SG Lottery’s performance and future opportunities to interested parties, in connection with its previously announced intention to divest its lottery business as part of a strategic review.
In June, it said it wanted to spin off its lottery and sports betting arms in an effort to position the company for “sustainable growth”, switching its focus on gaming products and services across online and digital channels.