Cash handling technology provider Everi Holdings Inc announced on Monday an integration and technology licence agreement with software developer VizExplorer. It will provide Everi’s casino operator customers with a new system to analyse potential suspicious activity on gaming floors.
Under the partnership, VizExplorer – a U.S.-based firm that provides intelligence gathering technology to the gaming industry – will be Everi’s exclusive partner for anti-money laundering (AML) systems. Everi subsidiary Everi Payments Inc will integrate VizExplorer’s proprietary technology with Everi’s own AML compliance systems for casinos, in order to provide “enhanced suspicious incident identification for Everi Compliance users,” according to Monday’s press release.
The statement said that under the deal, VizExplorer would also provide technology offering automated notifications, alerts, and advanced reporting functions.
“Everi recognises the need to provide comprehensive analytics to our customers in order to comply with the heightened focus on anti-money laundering requirements in gaming,” said Kacy Drury, Everi’s senior vice president of AML compliance and payment operations, in a statement.
“By integrating VizExplorer’s operational intelligence tools, we are further elevating the capabilities of our Everi Compliance solution by enabling customers with an enhanced ability to identify potential suspicious activities,” added the executive.
Commenting on the partnership, Andrew Cardno, VizExplorer’s founder and chief technology officer, said: “This product integration showcases the flexibility and scalability of VizExplorer technology and reinforces the value of our solution for the casino industry.”
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”We expect Goa to quickly become a US$1 billion market as it transitions to land-based casinos (from US$150 million today), which is still just a fraction of India’s total GGR potential of US$10 billion to US$17 billion”
Analyst at Union Gaming Securities Asia