ASX COMPANY GOES BRAINCHIP OR BUST ON VEGAS TABLES

Written on the 4 October 2016 by Business News Australia

ASX COMPANY GOES BRAINCHIP OR BUST ON VEGAS TABLES

BRAINCHIP Holdings (ASX: BRN) has upped the ante on casino security, launching its latest technology to combat cheating at the tables.

The company's new spiking neural network-based 'Game Outcome' technology will be initially rolled out across all baccarat tables in one the most prestigious casinos in Las Vegas.

The technology will monitor video streams from standard surveillance cameras to visually and automatically detect patterns and occurrences within the game.

BrainChip founder and interim CEO Peter van der Made (pictured) says this helps casino operators minimise dealer errors and reduce cheating.

"Security is one of the highest priorities for casino operators and we have been able to show that our system is highly effective in protecting the integrity of table games," says van der Made.

Game Outcome autonomously learns from experience, much like a human does, and in the context of a casino it works to provide constant visual recognition for baccarat games to help identify winning and losing hands.

Among other things, it recognises which cards are played, the rules of the game and the payout, all through cameras which the casinos have already installed.

Van der Made also believes the BrainChip business is only beginning to scratch the surface of its full potential.

"We believe that there are many more opportunities for our technology to provide real solutions to complex issues by harnessing the power of BrainChip's autonomous learning capabilities," he says.

Off the back of successful implementation in its first casino, the name of which cannot be revealed for security reasons, Game Outcome is tipped for roll out in a second Las Vegas casinos within the next month.

BrainChip is also currently trialling a new casino application called Game Statistics, which collects and interprets data from tables to optimise efficiency and to ensure that casinos are providing effective incentives or 'comps' to encourage players to play more.

According to global research authority MarketsandMarkets, the market for casino management systems, including security and surveillance, is expected to hit US$4.53 billion.

BrainChip plans to continue leveraging this significant market opportunity in the coming years.


Author: Business News Australia

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