Dec 12, 2018 Newsdesk Latest News, Top of the deck, Trends & Tech  
Japan Cash Machine Co Ltd, known as JCM Global, says it is already prepared for a casino environment in which cryptocurrency can be accepted as a payment method. The firm states its multi-tasking casino floor platform Fuzion has the capability to process transactions made via cryptocurrency, were gaming regulators in specific markets wiling to authorise and regulate such business.
“We have some technology products such as Fuzion which are able and would be able to interact with cryptocurrency if and when the time comes when it is introduced into gaming environments,” said Ian Wood (pictured), Asia gaming business development and sales manager at JCM Global.
“But a lot of that has to do with regulatory considerations,” he added.
Mr Wood was speaking to GGRAsia at the recent MGS Entertainment Show 2018 in Macau, an event that included a casino industry trade exhibition and conference.
JCM Global, a supplier to the casino market worldwide, has previously outlined to GGRAsia that its Fuzion platform can incorporate, respectively: slot machine games; the capability to buy and redeem lottery tickets; wagering on races and sports; wagering on fantasy sports; real-time currency exchanges; and streamline tax form processes for player wins in those markets that require such reporting.
The subject of blockchain technology – commonly associated with the use in commerce of digital tokens of value including cryptocurrency – came up during an MGS conference session. During the event, Hong Kong’s Alphaslot promoted the use of blockchain technology and digital tokens associated with blockchain as an effective and secure way to transact authorised gambling and gaming business. The company stressed however in an email to GGRAsia that it was not promoting the use of cryptocurrencies in casinos, and that its token worked like a reward programme, akin to loyalty points that can be earned in some casinos.
Macau’s financial regulator, the Monetary Authority of Macau, has previously noted that cryptocurrency was neither regulated in Macau, nor “a financial instrument subject to its supervision”.
At MGS 2018, JCM Global’s focus was on its core products for the Asia-Pacific casino market, namely the iVizion bill acceptor for slot machines and electronic table games, and its GEN5 thermal printer, also for electronic games.
The iVizion product is said to safeguard casino operations via a combination of optical and mechanical sensing, plus anti-fishing technologies, that scans entire notes or tickets. The GEN5 printer is described by the maker as having a fast processor and a swift printer.
“The iVizion we have been promoting for the last six years in Asia, and it’s gained a strong foothold,” Mr Wood told us.
“We actually have exclusive iVizion contracts with a number of companies in Macau and throughout Asia,” he added.
The iVizion was popular for its reliability and security due to “advanced technology, and its road map ahead,” in terms of product development, said the sales spokesman.
“We have got new, improved, models coming up. They are not released yet, so I can’t talk about them at the moment,” Mr Wood noted.
JCM Global was “quite happy” to package its iVizion and GEN5 products “into deals for new projects” in the region, he added, referring to casino venues slated or under construction in Asia Pacific.
(Updated December 12, 3.15pm)
Jun 06, 2023
May 12, 2023
Jun 09, 2023
Jun 09, 2023
Jun 09, 2023
None of Macau’s six gaming concessionaires have so far applied for a form of “exemption” from the full 40-percent tax rate on casino gross gaming revenue (GGR), as potentially applicable...Jun 09, 2023
Commercial opportunities for utilisation of...Jun 08, 2023
Gaming content and equipment maker Konami says it is...Jun 07, 2023
Casino gaming content and hardware provider Light &...Jun 06, 2023
Electronic table games (ETGs) supplier Interblock dd is...Jun 05, 2023
Random number generator (RNG) testing tools are among the...Jun 01, 2023
Alfastreet, a manufacturer of electronic gaming machines,...Jun 01, 2023
Casino equipment maker Sega Sammy Creation Inc is tweaking...Jun 01, 2023
The iGaming segment in Asia “has grown rapidly” since...May 31, 2023
Showing slot machine players – via animations on the...May 31, 2023
Macau stocks in likelihood “have been punished too much...May 31, 2023
There are foreign companies still interested in investing...May 31, 2023
Thailand could pass the necessary enabling legislation for...May 30, 2023
China will remain a key market for Asian gaming...May 30, 2023
Alejandro Tengco (pictured in a file photo), chairman and...May 30, 2023
There are “plenty of reasons” for the global gaming...May 30, 2023
Gaming equipment provider International Game Technology Plc...May 30, 2023
The Global Gaming Expo (G2E) Asia 2023 Special Edition:...May 29, 2023
Austria-based gaming equipment maker and operator Novomatic...May 25, 2023
Sports betting and online casino operating platform...May 24, 2023
The business performance in Asia of gaming content and...May 18, 2023
The organisers of Global Gaming Expo (G2E) Asia 2023...May 17, 2023
Gaming content and equipment supplier Light & Wonder...May 16, 2023
Casino equipment maker Sega Sammy Creation Inc is to...May 09, 2023
Casino slot machine and digital gaming content provider...May 05, 2023
The Global Gaming Expo (G2E) Asia event in Singapore is the...May 04, 2023
An adviser to a Thailand parliamentary committee mulling...(Click here for more)
”We believe the intrinsic value of IGT’s market-leading businesses and diversified cash flow profile is not currently reflected in our stock price and the timing is right to assess opportunities that may enhance value for IGT’s shareholders”
Marco Sala
Executive chair of casino equipment supplier IGT