Acres “Cashless Casino” Technology $10MPre-IPO Offering Now Live
Management Q&A Webinar This Thursday,
January 28th at 12:30 PM PT
Boustead Securities, LLC (“Boustead”) presents its latest Pre-IPO offering, Acres Technology, Inc. (“Acres”). Acres is a Nevada-based company focusing on deploying patented cashless casino technologies to enable more efficient casino operations, led by experienced gaming technology and operations executives.
Acres Technology’s subscription-as-a-service (SAAS) platform aims to enable money transfers directly from players bank account’s to gaming machines, eliminating the need for casinos to handle cash. We believe the exclusion of cash from casinos has a potential two-fold benefit by decreasing potential Covid-19 vectors while also creating operational efficiencies. Additionally, electronic cash transfers potentially allow casinos to view player behavior data in real time instead of waiting for end of day cash balancing.
Acres Technology’s management team has previously founded and sold three gaming technology companies, including Electronic Data Technology, Mikohn Gaming, and Acres Gaming, the last of which sold to International Game Technology for $143M in 2003.
On founding a fourth casino technology company, John Acres, Co-Founder and Chairman of Acres Technology, remarked “Amazon is doing some amazing things with data, and I realized that casinos could benefit from that same sort of technology. And that the technology casinos were using wasn’t keeping pace with what Amazon is doing.”
Please join John Acres, Co-Founder and Chairman, and Ed Stevenson, President and CEO, for a Q&A Webinar this Thursday, January 28th at 12:30 PM PT as they discuss current trends in the casino gaming industry and how the prevalence of Covid-19 is driving casinos to seek cashless solutions.
Thursday, January 28th
12:30 PM PT
About Acres Technology
Acres Technology is a casino technology company that creates, owns, patent protects, and licenses intellectual properties that offer software and hardware to deliver increased revenue to casinos by reducing operating and marketing expense in areas such as: cashless transactions; customer loyalty; marketing incentives; predictive customer stimulus; human interactions; game mechanics; game outcome determination; sports wagering; and e-sports management. They provide comprehensive, open interfaces to interconnect tables, food, beverage, hotel and point of sale so a personalized casino experience can follow customers wherever they go. Their technology also helps reduce casino operating costs, improves security and provides more satisfying work experiences for casino employees. Acres' current focus is providing technology solutions primarily to Commercial and Tribal casinos and OEM providers in the casino industry.
About Boustead Securities, LLC
Boustead Securities, LLC (“Boustead”) is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead’s core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States, Boustead’s team moves quickly and provides a broad spectrum of sophisticated financial advice and services. Boustead is a majority owned subsidiary of Boustead & Company Limited, a diversified non-bank financial institution. For more information, please visit www.boustead1828.com
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