RBR, a London based consultancy, has released a new report that sheds light on the anticipated slowdown in global ATM growth. According to the new report, entitled Global ATM Market and Forecasts to 2023, the number of ATMs installed worldwide is poised to drop off gradually to from 3.28 to 3.23 million by the end of 2023. However, as RBR analysts significantly noted, the figure is skewed by trends in China. Although China is the world’s largest ATM market, home to almost a quarter of the world’s ATMs, after years of explosive growth the country went abruptly into reverse in…
Author: Casey Minter
AVS Companies has announced that Michelle Lopez and Tony Costa have been promoted. Costa is going from the post of GM of the Dallas office to Director of Sales and Operations – Texas, while Lopez has been elevated from the position of Controller to CFO. “Michelle has developed, implemented and revised a number of our financial policies and procedures,” said Vince Gumma, president of AVS Companies. “Her continued work in this area will be a major contribution to our success.” “Tony has demonstrated outstanding results due to his discipline and attention to detail,” said VP of Operations Jeff Yoder. “He…
The 10th anniversary of the EAG International and VAE shows is set to take place from Jan. 15-17 at the Excel London Exhibition Centre, and attendees are in for a lot more than “just” aisles full of new equipment. Organizers have announced that, alongside the 200 companies exhibiting, the show will host its largest educational program ever. “The show will feature a wide-reaching program of seminars and educational opportunities, with a strong emphasis on social responsibility, technology and on business growth,” said organizer Karen Cooke. “The seminars, organized by BACTA are free-to-attend and will focus on the real-world challenges and…
Jeff Matthews, CEO of Kaysville, Utah-based Grant Victor, has been named president of the ATM Industry Association (ATMIA), replacing John Leehy (former CEO of Payment Alliance International). Matthews previously served as the group’s deputy president.“John Leehy’s presidency of ATMIA was distinguished and inspiring,” said association CEO Mike Lee, “and we thank him for his leadership, which has made us stronger and better as an association. We wish him all the success he deserves in future.”ATMIA is a leading non-profit trade association representing the entire global ATM industry. With more than 11,000 members from over 650 participating companies in 67 countries,…
A new article from The Guardian highlights the multitude of uses for the emerging VR technology by talking about its ability to pinpoint people who may later develop Alzheimer’s disease. Scientists now believe that the tech can be used to test people’s navigational skills, with those who do worse being at a higher risk of succumbing to Alzheimer’s later in life.Researchers hope this will help develop long-term treatments to halt or slow the condition, since the tech can help identify risks far earlier than possible at present. It works by immersing patients in a simulated environment and having them navigate…
Apple Industries had another successful year, and the IAAPA Attraction Expo was a buzzworthy end to it. The company exhibited for its 17th consecutive year, and brought a host of new and old products that kept their booth busy with over 3,000 visitors over the course of four days. Marvel Adventure Lab was one of their debuted products, and allows users to marvel at their photos alongside their favorite superheroes. The booth is set to ship right after 2019’s first quarter (April) so check with your distributor ASAP to learn more. Additionally, Apple’s Photo Studio Prism is the smaller-footprint version…
Mk2, a European VR provider, has tapped Secret Location, an experience creator, to help further both companies’ goal of creating a worldwide VR distribution network. Mk2 will now use Secret Location’s Vusr Venue to streamline its customers’ experience in VR pods. Vusr allows LBE VR operators to efficiently manage content through a central dashboard, allowing for quick response to customer needs during a play session.”Mk2 has long been searching for an easy-to-use content management tool to power our VR pods. Secret Location’s Vusr Venue is providing exactly what our global customers need, and more,” said Elisha Karmitz, CEO of mk2.…
The annual AAMA/AMOA Amusement Expo International is readying for its 10th year as the premier program for the amusement/coin-op crowd, and organizers are excited to show off the show’s rapid growth. From March 26-28, 2019, industry folks will flock to Las Vegas for the event, which will feature a full day of educational seminars leading into two days of exhibits featuring the latest products and games from manufacturers and suppliers.Since the Amusement Expo began in its new form back in 2010, new, allied sectors have continued to be added to its offerings. This year, the National Bulk Vending Assoc. and…
Betson completed another installation of games, this time at a new Round 1 Bowling and Amusement center which just opened in Lincoln, Neb. The center features more than 200 games, ranging from the latest video games to pool tables, ticket games and more. Round 1, a Japanese company, is known for some exclusive pieces that many fans won’t see outside of its home country.In an interview with Round 1 reps, it was noted that arcades are the chain’s biggest focus and that the majority of their sales are through games. Even so, there’s still plenty of other things to do:…
Firestone Financial has announced that EVP and COO Michael Cooper, a company vet of nearly 30 years, will step down in May of 2019 with Senior Vice President, Portfolio Risk Management Michael Smith to assume Cooper’s role effective March 1. Cooper will remain on board as “COO, In Residence,” during the transition. “I am honored to have had this opportunity to serve Firestone for the last 30 years,” said Cooper. “My greatest pride in my time here has been working with employees and customers. I’ve worked over the years to grow the business and to foster a company culture focused…