New book by Larry Connors Click here Improve your trading - See how
According to the company, the partnership calls for Bally to make an equity investment of $6 million in Acres-Fiore under certain circumstances and provides Bally exclusive use of Acres-Fiore designs for a minimum of three years. During this period, Acres-Fiore will develop its concepts using Bally products, test the designs on casino floors around the world, and license resulting successful products back to Bally for production and sale in return for recurring royalties.
Over the past year, Acre-Fiore has written over 30 patent applications centered on a new technology called Personalized Gaming, which automatically adapts the behavior of gaming machines to the physiographic profile of each player, the company said.
"Players are individuals, and respond best to an individually customized gaming experience. No longer must players wander the casino in search of a suitable game. When a player sits down at a game built with Personalized Gaming technology, its characteristics automatically adapt to that specific player's personality," said John Acres, Chief Executive Officer of Acres-Fiore.
Acres added, "Each game behaves differently for each player. Personalized Gaming technology revolutionizes the casino floor by delivering heightened emotional gratification to players while simultaneously increasing play volume and profits for casinos. This requires a truly advanced and extensible platform on which to run. Bally's Alpha Game Platform, combined with its Networked Floor of the Future, is the first platform powerful enough to deliver the promise of Personalized Gaming. Just as importantly, Bally's organization possesses open-minded foresight and demonstrated accomplishment. I'm amazed at how much Bally has advanced over the past three years. We're thrilled to have Bally as a partner."
Richard Fiore, Chief Creative Officer of Acres-Fiore, said, "As a creative designer, I'm impressed by the speed with which the Alpha platform can be programmed to deliver high-quality content to players. This lets me immediately deliver great standalone games to the industry while also building the long-term foundation on which Personalized Gaming technology rests. Bally has proven its commitment to innovation even when it comes from outside partners such as Acres-Fiore. We expect to introduce the first of these games, Paychaser and Members Bonus, in southern California tribal casinos later this year."
"We recognize the strong innovation abilities of Acres-Fiore," said Richard M. Haddrill, Bally Technologies' Chief Executive Officer. "John has a long track record as an industry visionary and Rich is a creative force of proven ability. Just as John's membership in Bally's recently announced Office of the Chief Technology Officer adds to our creative capability, this partnership maximizes the value of our technology while delivering better value to our casino customers and a greater return to our investors."
((Comments on this story may be sent to newsdesk@closeupmedia.com))
((Distributed via M2 Communications Ltd - http://www.m2.com))
http://www.10meters.com
Comments on this story may be sent to newsdesk@closeupmedia.com
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
