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Introducing Innovative Technology’s NV9 Spectral Note Validator Range
The NV9 Spectral note validator from cash handling provider Innovative Technology is well-established in the market as a highly secure and technologically advanced compact banknote validator designed to ensure efficient, automated cash processing. The NV9 Spectral range has the added bonus of stained note detection and optical and mechanical anti-strimming technology which delivers outstanding protection against fraudulent notes.It forms the basis for new products in the ITL Spectral range and using its modular design, allows customers to easily add additional functionality such as multi-note recycling. Global installs are on the increase in a wide range of applications and vertical sectors.
Andy Bullock, Senior Business Development Manager for ITL, commented, “The NV9 Spectral is gaining momentum particularly in the gaming, amusement and vending industry where customers value the high level of security this validator brings in a compact size and at a mid-range price. Advancedspectral sensors provide high resolution imaging to authenticate the validity of notes, so detects stained and fraudulent notes effectively. It also offers our customers versatility and can be mounted horizontally or vertically, with cashbox and bezel options to suit all applications. Boasting easy, free firmware updates andmicro-SD card for data logging this validator gives customers fast note to note processing time to speed up transactions.”
Andy continued, “Many of our customers in the UK and Europe are also keen to add recycling capabilities via a compatible note float module (NV11 Spectral or NV22 Spectral) to keep machines running; ensuring float levels and downtime are reduced. A choice of note float modules is available depending in whether single (NV11S) or multi note payout is required (NV22S) to maximise cash efficiency, reduce coin starvation and significantly reduce operational costs.”
The NV22 Spectral offers multi-note recycling and is ideal formedium volume applications with limited space. This compact note recycler which combines a true ‘Multi-Note Float’ (MNF) payout unit with Innovative’s NV9 Spectral banknote validator.
Jose Garcia Escudero, Business Development Manager for ITL Spain commented, “NV22S is proving popular in Europe, especially in Spain. Spanish Operators have reported a massive 50% reduction in refill and collection time and up to 30% reduction in float levels required. Customers are impressed by this 40 mixed-denomination note recycler which can store and payout all denominations from a given currency and is not limited to just one or two notes. As well as improving operator profitability and lowering operational costs, all notes in the MNF can be transferred to the cashbox for easy, low-cost collection. Another key benefit is its space-saving design; the compact units will fit into most existing machines making integration and installation quick and easy.Its enhanced recycling capability will be a key benefit for operators, maximisingup-time by using existing notes for change or prizes.”
The Pennsylvania Gaming Control Board (“PGCB”) has released the 18th edition of its Annual Report.
The PGCB’s 2023-2024 Annual Report provides detail on the work of the agency in regulating the Commonwealth’s gaming industry, and also includes:
- individual revenue figures during another record-setting fiscal year for slot machines, table games, sports wagering, internet gaming, fantasy sports contests and video gaming terminals at eligible truck stops;
- a year in review report with pertinent statistical figures from the PGCB’s key bureaus;
- information on the PGCB’s efforts to stop adults from gambling while leaving minors unattended; and,
- a section on problem gambling and the PGCB’s Self-Exclusion Program.
The PGCB was established in 2004 through the passage of the Pennsylvania Race Horse Development and Gaming Act. Since then, it has become one of the pre-eminent gaming regulators in the world overseeing all aspects of gambling in the Commonwealth. Currently, the number of outlets for the various types of gaming regulated by the PGCB are:
- 17 land-based casinos;
- 18 retail sports wagering locations;
- 12 online sports wagering sites;
- 22 sites for online casino-type games (slot machines, table games, poker);
- 74 truck stop establishments with Video Gaming Terminals (VGTs); and,
- 9 online fantasy sports contest sites.
In addition to supporting nearly 16,000 jobs at casinos, overall gaming revenue reached a record high during the fiscal year generating $5.89 billion and resulting in $2.54 billion in tax revenue.
The 2023-2024 Annual Report can be downloaded as a PDF document by choosing Organization Reports under the About PGCB tab on the agency’s website.
Allwyn, a leading multi-national lottery operator headquartered in Switzerland, announced that the Allwyn entity Allwyn International a.s. (“AIAS”) has relocated from the Czech Republic to Switzerland. Effective 1 October 2024, AIAS has become a Swiss entity (under the new legal name Allwyn International AG) and has transferred its place of business to Switzerland.
As of the date of relocation, the €500 million 3.875% senior secured notes due 2027 (the “2027 Notes”) originally issued by AIAS have been transferred to Allwyn Entertainment Financing (UK) Plc, as substituting issuer. Allwyn Entertainment Financing (UK) plc is the issuer and borrower of certain other Allwyn bonds and loans. AIAS has become a guarantor of the 2027 Notes, which continue to be guaranteed and collateralised pari passu with other indebtedness under Allwyn’s intercreditor agreement dated 16 December 2020.
The relocation has no effect on Allwyn’s workforce or lotteries and gaming operations in the Czech Republic.
The post Allwyn International a.s. relocates to Switzerland appeared first on European Gaming Industry News.
Oddin.gg is proud to announce that it has secured a full 3-year sports betting license in Ohio, further strengthening its standing as the esports betting solutions provider with the most licenses in North America. With this latest addition, Oddin.gg now holds four US licenses—New Jersey, Colorado, West Virginia, and Ohio—and a total of five across North America, including Ontario, Canada.
The Ohio license is a strategic milestone, as the state is set to become one of the most active betting markets in the American Midwest. According to projections from the Ohio Legislative Service Commission, the state’s sports gaming market is expected to reach approximately $3.35 billion annually as it matures. By securing this license, Oddin.gg is well-positioned to support operators in tapping into this significant potential.
Obtaining the Ohio license also demonstrates Oddin.gg’s ability to meet the state’s comprehensive regulatory standards, which include arduous assessments of financial stability, operational integrity, and adherence to state laws. This achievement reinforces Oddin.gg’s reputation for compliance and reliability, enhancing its capability to deliver full-service esports betting solutions tailored to a growing market.
Ohio’s sports betting legislation imposes a 10% tax on sports gaming receipts, contributing to public education and initiatives supporting veterans in the state. Oddin.gg’s entry into this regulated environment reinforces its role as a leader in shaping the future of esports betting in the US while offering operators a pathway to engage with a new generation of bettors in a secure and exciting way.
Vlastimil Venclík, CEO of Oddin.gg, shared his enthusiasm about the news: “Securing a license from the Ohio Casino Control Commission is a significant step in our North American journey. Ohio is poised to become one of the most dynamic betting markets in the US, and gaining this
approval aer meeting the state’s rigorous standards is a true reflection of our commitment to integrity and excellence both in Ohio and beyond. However, this license isn’t just about expanding our reach; it’s about ensuring our partners have access to market-leading esports betting solutions that fully align with all local regulatory requirements.”
He continued, “Ohio’s market is gearing up to be something special, and we’re excited to help operators tap into that potential. As esports betting continues to evolve, Oddin.gg is ready to provide the expertise, technology, and support to make sure our partners succeed.
Pennsylvania Gaming Control Board Releases Annual Report
Allwyn International a.s. relocates to Switzerland
Oddin.gg Breaks New Ground as Ohio Marks its 5th North American Betting License
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