Casino currency and table games equipment supplier Gaming Partners International Corp has agree to partner with BrainChip Holdings Ltd. And Xuvi LLC to develop and deploy casino video analytic products.
GPI announced in a press release that it has entered global licensing and development agreements to develop an advanced Automated Table Solution (ATS) with BrainChip Holdings, an Australia-listed developer of software and hardware for advanced artificial intelligence (AI) and machine learning applications; and Xuvi, a data science company that uses immersive data analytics and automation for intelligent data-driven decisions.
“We look forward to partnering with GPI to bring table game automation technology to casino operators,” said Arun Rajaraman, CEO of Xuvi. “The combined technology will empower casinos with predictive analytics, real-time and accurate comp decisions, secure table currency, protect table games from fraud, improve productivity, and optimize revenues, all using immersive data analytics and artificial intelligence.”
BrainChip President Louis DiNardo commented, “GPI has very deep expertise in casino game operations, a broad base of existing customers, and a premier global sales and service team that will bring these products to market. Our artificial intelligence expertise is well suited to address the challenges of achieving high-quality video analytics in the difficult casino environment. We are very excited about this development.”
Greg Gronau, GPI’s president and CEO, commented, “With our new Automated Table Solution, GPI will leverage BrainChip visioning technologies, Xuvi’s immersive data analytics, and GPI’s radio frequency identification to provide currency security, game protection and trend analysis, accurate comping, and marketing automation. GPI acknowledges this is a major step forward in developing the Automated Table Solution.”
Under the terms of the agreement BrainChip will receive a total of US$500,000 in license fees, a non-recurring engineering fee of US$100,000 for products developed under the agreement, and long-term revenue sharing for the sale of the developed technology.
