Word out of Macau last week focused on a notorious casino cheat known as "Wong" who had bilked Sheldon Adelson’s Sands Macau out of nearly $4 million while playing blackjack.
On the heels of that story came a press release from Alliance Gaming Corp. (AGI) announcing that its subsidiary, Bally Gaming and Systems, had signed a contract with Galaxy Casino S.A., a Sands Macau competitor, to provide it with 53 MindPlay Baccarat tables that offer proprietary security features designed to thwart cheating.
The company said the new technology is scheduled to be installed beginning next month. The system, it said, electronically tracks every card dealt and determines expected results. Unauthorized cards and other variances can be immediately detected and reported to the surveillance department through a networked client interface.
Galaxy opened its Macau casino shortly after Adelson began his Sands operation earlier this year. The casinos are located on the Chinese controlled, but self-regulated, former Portuguese colony about 40 miles west of Hong Kong. The area is a popular spot for baccarat players from throughout Asia.
In announcing the new contract, Robert Miodunski, president and CEO of Alliance Gaming, remarked, "This new product release from the MindPlay Product Group is a showcase of the elegance of MindPlay optical technology and how effectively it can be used in gaming systems."
The MindPlay system has been installed at the Flamingo Las Vegas Hotel/Casino on the Las Vegas Strip and will undergo a 60 to 90 day test. The Flamingo system features vision-based betting and card recognition for automated player ratings.
According to Macau authorities, "Wong" was arrested and was subsequently released "because of insufficient evidence."
THE INSIDER: MGM MIRAGE Inc. (MGG) said it has completed the sale of its gaming property in Darwin, Australia for $140 million.
Gaming analysts at CIBC World Markets have raised their rating on the shares of International Game Technology (IGT) from sector perform to sector outperform.