• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

SuzoHapp to acquire currency, cashless lines of Coinco

Apr 12, 2018 Newsdesk Industry Talk, Latest News  


SuzoHapp to acquire currency, cashless lines of Coinco

Casino cash handling and transaction technology specialist SuzoHapp Group is acquiring what it identified as “the primary currency and cashless product lines” of Coin Acceptors Inc, a business also known as Coinco. The latter is involved in the design and manufacture of technology for vending and other consumer retail functions.

SuzoHapp stated in a Tuesday press release the acquisition would “significantly” expand its product portfolio and bring “a more complete, technology-driven solution to customers”. It did not disclose the financial details of the acquisition.

Coinco is based in St. Louis, Missouri, in the United States. The firm was founded in 1958. Its products include coin changers, bill acceptors, card readers and cashless technology.

“We welcome the Coinco team to the SuzoHapp Group,” chief executive Drew Scielzo said in a statement included in the release. “This acquisition of the Coinco product lines is an important one for SuzoHapp,” he added.

As part of the deal, SuzoHapp Group has hired “key commercial, engineering and operational employees” from Coinco, the firm said.

SuzoHapp is a provider of software and hardware for cash handling automation and self-service products to a number of industries, including gaming. The firm claims to have more than 1,100 employees in 19 countries and its dealer network covers more than 100 countries.

SuzoHapp was for many years focused on developing and distributing machine components for equipment operators and original manufacturers in the amusement and gaming sectors. The company says it is now very active in the cash handling segment, following the acquisition of Italy-based currency technology firm Comesterogroup SRL, and the acquisition of Sweden-based cash handling technology company Scan Coin AB.

In November last year, SuzoHapp Group announced a partnership with Nanoptix Inc, involving the global distribution of all the printer products of the latter company.


  • tweet
Related articles
  • Casino cash tech provider Crane posts US$105mln 1Q profit
    Casino cash tech provider Crane posts...

    Apr 26, 2022  

  • U.S. Justice Dept blocks Crane planned sale of materials biz
    U.S. Justice Dept blocks Crane planned...

    Mar 18, 2022  

More news
  • New Lim cruise biz only months after GEN HK in liquidation
    New Lim cruise biz only months after...

    May 18, 2022  

  • Kangwon drove 2021 S.Korea casino revenue growth: govt
    Kangwon drove 2021 S.Korea casino...

    May 18, 2022  


Latest News

New Lim cruise biz only months after GEN HK in liquidation

New Lim cruise biz only months after GEN HK in liquidation

May 18, 2022  

A casino cruise brand reportedly controlled by Malaysian entrepreneur Lim Kok Thay is to launch services from Singapore fewer than five months after the Lim family-founded Dream Cruises brand of the...
Read More
Kangwon drove 2021 S.Korea casino revenue growth: govt

Kangwon drove 2021 S.Korea casino revenue growth: govt

May 18, 2022  

Over 7.9mln Bloomberry shares vested to some senior execs

Over 7.9mln Bloomberry shares vested to some senior execs

May 18, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$10 billion

Target set by gaming equipment and online content provider Light & Wonder for total capital creation from 2022 to 2025



Most Popular

  • Wynn CEO, Macau execs in base pay cut in return for sharesWynn CEO, Macau execs in base pay cut in return for shares May 17, 2022
  • Macau repeat visitors denied visa by China says BernsteinMacau repeat visitors denied visa by China says Bernstein May 16, 2022
  • U.S. says Steve Wynn ‘foreign agent’, lobbied for ChinaU.S. says Steve Wynn ‘foreign agent’, lobbied for China May 18, 2022
  • Alleged bribe offer to ex-Wynn manager probed by HK, MacauAlleged bribe offer to ex-Wynn manager probed by HK, Macau May 17, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us