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Ticket-in, ticket-out (TITO) is a technology used in more modern slot machines. It was originally developed circa 1992 by MGM Corporation who purchased technology from a Las Vegas firm Five Star Solutions as well as barcode ticket printing technology from Jon Yarbrough before his VGT success. They also worked with Pat Greene an inventor in Boston of Triad Company who held a patent on a Bill Validator which could read bar coded tickets as well as accept cash. MGM created a consortium of game manufacturers and developed a protocol for its custom Universal Interface Board "UIB" based on a derivative of Bally Gaming's SDS System. They contracted local firm Applied Computer Technology, Inc. to develop the UIB, its firmware, and also facilitate the organization of the consortium. Later IGT acquired the rights to the TITO patents from MGM and began to modify their own protocol called SAS to implement TITO. It is incorrectly maintained that IGT developed TITO and Bally's Easy Pay which came out many years later.
Ticket-in, ticket out (TITO) machines are used in casino slot machines to print out a slip of paper with a barcode indicating the amount of money represented. These can in turn be redeemed for cash at an automated kiosk.The machines utilize a barcode scanner built into the bill acceptor, a thermal ticket printer in place of a coin hopper (some rare machines are set up to pay with coins if the payout is less than the payout limit, and to print a ticket in situations where a handpay would normally be required) and a network interface to communicate with a central system that tracks tickets.
MGM was in the middle of construction of its major hotel in Las Vegas and invited several gaming machine manufacturers to join a consortium for its Cashless Casino experiment. In the group were Bally Gaming, IGT, Sigma Games, Universal and several others. They were all presented with the MGM UIB Protocol documents and were aided in the realization of the protocol on their gaming platforms. The first trial of the system was actually at the Desert Inn property. MGM Had situated several trailers in the parking lot where the manufacturers could bring their gaming devices for test before being installed on the Field Trial at the Desert Inn.
Like any system, TITO has its share of advantages and disadvantages.
Games available in most casinos are commonly called casino games. In a casino game, the players gamble casino chips on various possible random outcomes or combinations of outcomes. Casino games are also available in online casinos, where permitted by law. Casino games can also be played outside casinos for entertainment purposes like in parties or in school competitions, some on machines that simulate gambling.
A slot machine, known variously as a fruit machine, puggy, the slots, poker machine/pokies, or simply slot, is a casino gambling machine that creates a game of chance for its customers. Slot machines are also known pejoratively as one-armed bandits due to the large mechanical levers affixed to the sides of early mechanical machines and their ability to empty players' pockets and wallets as thieves would.
An amusement arcade is a venue where people play arcade games such as video games, pinball machines, electro-mechanical games, redemption games, merchandisers, or coin-operated billiards or air hockey tables. In some countries, some types of arcades are also legally permitted to provide gambling machines such as slot machines or pachinko machines. Games are usually housed in cabinets. The term used for ancestors of these venues in the beginning of the 20th century was penny arcades.
Video poker is a casino game based on five-card draw poker. It is played on a computerized console similar in size to a slot machine.
Mobile payment generally refer to payment services operated under financial regulation and performed from or via a mobile device. Instead of paying with cash, cheque, or credit cards, a consumer can use a mobile to pay for a wide range of services and digital or hard goods. Although the concept of using non-coin-based currency systems has a long history, it is only in the 21st century that the technology to support such systems has become widely available.
Bally Technologies, Inc. is an American manufacturer of slot machines and other gaming technology based in Enterprise, Nevada. It is owned by Scientific Games Corporation.
WMS Industries, Inc. is an American electronic gaming and amusement manufacturer in Enterprise, Nevada. WMS traces its roots to 1943, to the Williams Manufacturing Company, founded by Harry E. Williams. However, the company that became WMS Industries was formally founded in 1974 as Williams Electronics, Inc.
Ronald Dale Harris is a computer programmer who worked for the Nevada Gaming Control Board in the early 1990s and was responsible for finding flaws and gaffes in software that runs computerized casino games. Harris took advantage of his expertise, reputation and access to source code to illegally modify certain slot machines to pay out large sums of money when a specific sequence and number of coins were inserted. From 1993 to 1995, Harris and an accomplice stole thousands of dollars from Las Vegas casinos, accomplishing one of the most successful and undetected scams in casino history.
A hand pay is a condition where a slot machine cannot pay the patron in the typical manner, requiring the casino staff to pay the customer out manually.
A progressive jackpot is a jackpot which increases each time the game is played but the jackpot is not won. When the progressive jackpot is won, the jackpot for the next play is reset to a predetermined value, and resumes increasing under the same rule.
A video lottery terminal (VLT), also sometimes known as a video gaming terminal, video slots, or the video lottery, is a type of electronic gambling machine. They are typically operated by a region's lottery, and situated at licensed establishments such as bars and restaurants.
International Game Technology (IGT) was an American gaming company based in Las Vegas that manufactured and distributed slot machines and other gaming technology. It was acquired in 2015 by Gtech, which then adopted the IGT name for itself.
Walker Digital is a privately held American research and development lab based in Stamford, Connecticut. It was founded in 1994 by Jay S. Walker, who also holds the position of chairman as of 2011. The company specializes in creating applications and business solutions that work with large-scale networks such as cell phones and the Internet. Walker Digital and its principals partner with Fortune 500 firms such as Time Warner and International Game Technology to bring its inventions to market. It also licenses other companies to do so. Walker Digital is considered a "non-practicing entity" or patent troll because it does not create products itself, instead of relying on lawsuits to generate revenue.
In numismatics, token coins or trade tokens are coin-like objects used instead of coins. The field of token coins is part of exonumia and token coins are token money. Tokens have a denomination either shown or implied by size, color or shape. "Tokens" are often made of cheaper metals: copper, pewter, aluminium, brass and tin were commonly used, while bakelite, leather, porcelain, and other less durable materials are also known.
WMS Gaming is a manufacturer of slot machines, video lottery terminals and software to help casinos manage their gaming operations. It also offers online and mobile games. The company is based in Chicago, Illinois. WMS is a subsidiary of WMS Industries, which became a wholly owned subsidiary of Scientific Games Corporation in 2013.
Scientific Games Corporation is an American corporation that provides gambling products and services to lottery and gambling organizations across the globe. The publicly traded company is headquartered in Las Vegas, Nevada. Its products include computerized and mechanical slot machines, table games, iGaming and iLottery products, instant lottery games, lottery gaming systems, terminals and services, internet applications, server-based interactive gambling terminals, gambling control systems, social gaming, and sports betting.
Jay Scott Walker is an American inventor, entrepreneur and chairman of Walker Digital, a privately held research and development lab focused on using digital networks to create new business systems. Walker is also curator of TEDMED since 2011, and a founder of Priceline.com and Synapse Group, Inc. In 2000, Forbes estimated his net worth at $1.6 billion. By October 2000, his estimated worth was down to $333 million. As of 2013, he is not on the Forbes list of the world's billionaires.
Bally Manufacturing, later renamed Bally Entertainment, was an American company that began as a pinball and slot machine manufacturer, and later expanded into casinos, video games, health clubs, and theme parks. It was acquired by Hilton Hotels in 1996. Its brand name is still used by several businesses previously linked to Bally Manufacturing, most notably Bally Technologies.
Slot machine terminology, characteristics and regulations vary around the world.
SHFL entertainment, Inc. was a manufacturer of shuffling machines, table games, slot machines, and other casino products, based in Paradise, Nevada. Founded in 1983, it was acquired by Bally Technologies in 2013. The company designed Deck Mate, one of the primary card shuffling devices used in casinos.
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