Company Name: Star Payment Systems
Announcement Date: 23/08/2017
Announcement Category: Product launch/update
Announcement Content:
Stargroup Ltd (ASX:STL) has launched new products at the recent Australasian Gaming Expo (AGE), bringing unique solutions to foreign currency exchange technologies.
Stargroup will distribute foreign currency exchange technologies that are manufactured by NeoICP Korea Inc. Stargroup owns 11.28% of NeoICP Korea Inc.
As an example, Stargroup’s casino table deposit solution fully automates the acceptance of up to five different currencies at the actual gaming table as part of accelerating the provision of gambling chips to casino customers.
It also provides live data to the casino operators to monitor the settlement and performance of each table.
These proven technologies have been deployed by NeoICP Korea in Asia and will now be distributed in Australia.
International applications add further to the distribution opportunities for Stargroup.
Todd Zani, executive chairman for Stargroup, commented:
"We are pleased to finally launch and display at AGE in Australia some of the advanced technologies that have previously been successfully deployed by NeoICP into casinos in Korea, Macau and a number of other Asian countries.
"We are working closely with NeoICP to tailor these solutions for the Australian market and are excited to announce that we are already fielding significant interest both in Australia and on behalf of other international customers and distributors.
"The amount of interest that has been expressed prior to the official launch at AGE has been outstanding."
Additional products
Stargroup also showcased at AGE a number of other advanced technologies including a foreign currency conversion terminal for use in airport terminals and popular tourist destinations which can automatically accept up to four different currencies and convert them into a local currency.
Added to this was a ticket in and ticket out (TITO) terminal which can accept bulk cash and tickets, which is fully customisable as part of enabling fast cash redemptions for casino operators and its customers
Announcement URL: http://www.proactiveinvestors.com.au/companies/news/182766/stargroup-showcases-foreign-currency-casino-table-deposit-solution-182766.html
About Star Payment Systems:
Financial technology company Stargroup Limited is the only ASX listed company deploying ATM machines in Australia and importantly, the only listed ATM company having a direct ownership interest in the manufacturer of its ATM technologies, namely NeoICP, a South Korean private company.
Stargroup Limited became the exclusive distributor of the cashPod ATM range including the recycler ATM, back office and payment technologies in Australia for the next 5 years on 7 August 2015.
Stargroup Limited, via its wholly owned subsidiaries, StarPOS and StarApps, is also an EFTPOS and payWave technologies provider and developer of the source code in its terminals via its 5 year distribution agreement with West International AB, a Swedish NASDAQ listed company, to distribute next generation EFTPOS payment terminals and solutions in Australian and New Zealand.
Go to Company Profile for: Star Payment Systems
Announcement Contact: [email protected]
