Boxhill Techonlogies introduces first casino machines
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Online lottery and e-commerce operator Boxhill Technologies announced that it has signed contracts to introduce its casino cash machines into some of London's biggest casinos.
The London-based firm also confirmed the same technology, operated by its subsidiary Pay Corporation, are operational in the Hippodrome casino, while eight other sites have agreed contract with the company.
By using the machines, customers will not be required to carry large amounts of cash with them and they won't be limited to the maximum withdrawal limit set by their card issuer.
"There is a significant group of casino visitors who want to stake amounts in excess of £500 and do not have arrangements with casinos," group chief executive Philip Jackson said in a statement.
"Casino Cash allows those players to access larger amounts of money at the casino."
The group also confirmed it had received notice that the remaining £46,875 of the £250,000 loan it took out 12 months ago from a consortium of private investors will be converted into shares, which means the company will issue 28.8m new shares at 0.162p.
Boxhill shares were down 4.35% to 0.11p at 14:58 on Tuesday.
DC