SprintQuip reaffirms "commitment" to the Australasian gaming industry.

Their stand was located between IGT and Aristocrat. It showcased their cash recycling range and a selection of desktop products, fit for banknote and coin processing, TITO and clearance.

“Thanks to the presence of fellow exhibitors the Reserve Bank of Australia and the recent media buzz on the imminent release of new banknotes, we received a large number of enquiries about how our machines would process the new $5 notes alongside the older series,” said Giulia Gabet, Group Marketing Manger for Sprintquip.

“Our team was proud to explain our ‘machine readiness program’ to any existing customers concerned about their older gear, reassuring customers with our pink 'Next Generation $5 Ready' sticker visible on every device on display.”

Following is SprintQuip’s complete official statement on its participation at the AGE show: 

"The offering excellence in cash handling solutions to the gaming industry has been a cornerstone of SprintQuip’s strategy since its foundation in the early 80’s. They use their experience and knowledge in the market to anticipate their customers’ cash handling requirements, including offering full support in the release of a new series of banknotes. 

"The Australian Gaming Industry is diverse and rapidly expanding. Revenue growth in gaming environments means that today's managers have to manage significant amounts of cash whilst keeping abreast of all the available technology.

"Sprintquip find that although high-end technology is widely incorporated in other areas of a gaming venue, processing cash is still considered a manual job, translating into a considerable pitfall for most businesses.

"In addition to requiring time, labour and a significant amount of trust and training, manual cash processing exposes gaming operations to several ‘hidden’ costs such as the amount of time and effort spent trailing cash movements and/or trying to reconcile discrepancies due to human error, the obvious security issues, and partly, some avoidable CIT or banking costs. Traditional cash processing methods and the nature of operating a cashier booth have changed significantly due to new restrictions, in some states, on ATM withdrawals and EFTPOS transactions and the introduction of cash redemption terminal (CRTs) available to pay back for gaming wins on the floor. The cashier's area now operates as the central hub for other business units, exposing it to a greater risk of armed hold-ups and theft.

"In addition, stricter regulations in the gaming sector now require greater documentation and audit trails for transparency.
In response to this growing need for security, accountability and visibility of cash, SprintQuip offers a new range of Smart Safes and the AST Series, a set of high capacity note recyclers capable of integrating with monitoring, reporting and gaming systems.
Compact and robust, this range offers time delay on payouts and runs a unique software able to populate totals and transactions separately for each individual cash centre, offering greater accountability and overall security."