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IGT’s EZ Pay eclipses 100 casinos

Dec 23, 2002 10:11 PM

   IGT's EZ Pay ticket in / ticket out technology for gaming machines reached a major milestone last week with its 100th casino installation. Caesars in Elizabeth, Indiana was the casino site of the 330-machine installation that established the century mark.

   "Caesars Indiana is excited to be part of this momentous occasion for IGT and our industry," said Barry Morris, executive vice president and chief operating officer of Caesars Indiana. "EZ Pay has worked spectacularly well at other Park Place Entertainment (PPE) properties, and we know it will be well received by our guests."

   The Indiana EZ Pay install brings to more than 63,000 the total number of gaming machines that are using ticket in / ticket out technology. That number represents about 10 percent of all gaming machines in the United States.

   IGT's EZ Pay Ticket System recently received final regulatory approval for installations in Atlantic City casinos. IGT is the first system vendor to have its ticket in / ticket out technology approved there.

   EZ Pay technology combines ticket printers with traditional coin hopper pays to improve a gaming machine's cashout function for players. Casino operators can program a machine to pay a portion of the payout in coins and the balance as a ticket. The ticket can then be reinserted into an EZ Play machine; exchanged for cash at a cashier's station; cashed by casino floor attendants with wireless validation units; or held by the player and used at a later time. The system can also be programmed to pay out tickets only, using the coin hopper as a backup.

   "We've felt confident all along that EZ Pay is the next major innovation for gaming machines," said IGT President Tom Baker, "and its presence now in a hundred casinos is proof of its popularity. Every casino that comes on board with EZ Pay reinforces what our research has shown: that 79 percent of surveyed players prefer TITO machines."

   Ticket in-Ticket out has become a "must have" feature of the modern casino because once players experience its added convenience, they quickly come to expect it. Casino operators report that EZ Pay reduces overhead, labor and other costs associated with operating a slot floor, and it enhances a player's gaming experience, which leads to increased earnings per machine.

   The 100th casino installation comes on the heels of several EZ Pay machine contracts with major casino companies: MGM Mirage (including the MGM Grand, Bellagio, The Mirage, and New York-New York in Las Vegas), Park Place Entertainment, Station Casinos, Coast Casinos and the Palms. The new Borgata casino in Atlantic City will feature only TITO gaming machines, and the Mandalay Resort Group has an EZ Play machine trial under way at the Luxor in Las Vegas.

   "We are very pleased with all the successful installations of the EZ Pay system and with the positive results experienced by our customers," said Rick Rowe, vice president and general manager of IGT Gaming Systems. "The first 100 EZ Pay installations have taught us a great deal about the needs of our customers and helped us evolve the EZ Pay product. Exciting new technology features will continue to be added to the EZ Pay system, providing our customers with the functionality they need to add value across the casino floor."

   IGT is a world leader in the design, development and manufacture of microprocessor-based gaming and video lottery products and software systems in all jurisdictions where gaming and lotteries are legal. For more information on IGT, visit the company web site at .