Illinois Gaming System’s extensive experience in cash and control system design will offer our clients an advantage that is both significant and critically important to the successful operation of your video gaming business..
Banking profits in retail gaming is not only about good service, effective marketing, nor picking the popular games and the best equipment. Banking profits is also about managing operating costs. IGS utilizes proven cash control, security and reporting systems that are key in building sustainable profits, mobile and operational reporting, and long-term employee satisfaction.
IGS will offer our clients the benefit of its 19 years of VGT operations and system design. IGS has the solutions to help you grow your profits and effectively manage your business. IGS has developed industry software and hardware platforms to track key operational data, control cash, and daily reporting on things like employee scheduling and labor.
Excerpts from Illinois Gaming System’s filing with the Illinois Gaming Board:
“The cash payout system… pioneered in 2003 was developed in response to [the] operational needs in the establishments being served at the time. Lacking formal systems and controls, retail establishments and operators were (and remain) subject to a variety of intolerable complications relating to cash handling operations. These issues include aggregated theft, unaccountable employee shortages, local cash-out conditions, reduced access (at high cost) to worker compensation insurance, high general business insurance costs, and increased employee turnover to name just a few.”
“[the] payout system has been in operation since 2003, upgraded several times since, and is currently operating in over 70 locations in Oregon and West Virginia. [IGS] believes the system continues to represent the state of the art in cash redemption systems in operation in the retail video lottery marketplace.”
“Results: For the eight months ending August 2010, combined losses from…licensed establishment operations (from both unexplained internal shortages plus instances of aggravated and employee theft) has been 8.5 cents per $1,000 turnover on total turnover of just under $200 million. (Turnover for this purpose is defined as a conservative estimate of cash handled, e.g. cash-in VGTs plus prizes paid-out.)”
Bill Service on cash-control systems: