U.S.-based casino equipment and lottery services provider Scientific Games Corp says it completed on Tuesday the acquisition of the Las Vegas-based Tech Art Inc, a supplier of hole-card readers for use in blackjack games.
The Tuesday announcement made no disclosure regarding the terms of the arrangement.
Scientific Games announced in October its intention to acquire Tech Art. Following the deal, Tech Art will bring to Scientific Games its “MAXTIME 4H” product – described as a combination of blackjack hole-card reader and chip tray – as well as the proprietary table games “Super Fun 21” and “Bet the Bust”.
The “MAXTIME 4H” product can help “increase play speed” and “enhance the security” of blackjack games, Scientific Games stated in the Tuesday release.
“We are excited to welcome Tech Art into the Scientific Games family. This acquisition is yet another example of our continued investment in solutions that help the company better partner with our casino customers and offer the broadest portfolio of innovative products in the industry,” said Scientific Games’ group chief executive, gaming, Derik Mooberry, in comments included in the Tuesday announcement.
Tech Art was founded in 1989 and has been credited with inventing the so-called MAXTIME device, a system said to improve security when dealing blackjack. According to the Tuesday release from Scientific Games, this device is in use on more than 11,000 gaming tables worldwide.
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Analyst at Roth Capital Partners