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Australis Capital notes Passport Technology debuts its cashless solutions at two new Alberta-based casinos

Passport will launch its ACM Owl solutions at Cash Casino Calgary and Cash Casino Red Deer

Australis Capital Inc -
Las Vegas-based Australis announced plans to acquire Passport in June in a deal valued at around US$21.8 million

Australis Capital Corp (CSE:AUSA) (OTCMKTS:AUSAF) noted that its pending acquisition Passport Technology has launched its cashless solutions at two new Alberta-based casinos.

Passport will launch its ACM Owl solutions at Cash Casino Calgary and Cash Casino Red Deer. The firm also said it is debuting its POSpod kiosks, which are custom-built with unique features designed for the demands of the high-traffic casino environment. The POSpod line of self-service kiosks includes freestanding, countertop and new mobile cashier enhancements.

READ: Australis Capital to acquire casino payment platform Passport Technology, leveraging fintech assets globally

Passport’s ACM Owl technology provides ATM services that combine transaction speed, maximum throughput and local support within the kiosk. The firm’s CashValet PCI-DSS Level 1, P2PE-certified solution, and cloud-based application allows for immediate and maximum approval amounts and supports real-time reporting of the transaction cycle.

Casino guests also get dynamic fee structures, free play credits, self-exclusion options, and numerous security and regulatory compliance features.

"We're excited to collaborate with Cash Casino Calgary and Red Deer," Kurt Sullivan, president of Passport Technology said in a statement.

"Passport's suite of products and solutions are secure, robust and promote responsible gaming while delivering maximum funds to the casino floor. We look forward to contributing towards the overall success of Cash Casino with the installation of ACM Owl during our long-term engagement and providing guests in Alberta with the best possible experience," he added.

Las Vegas-based Australis Capital announced plans to acquire Passport in June in a deal valued at around US$21.8 million. The firm plans to leverage Passport’s international footprint in brick and mortar casinos with Australis’ Cocoon technology serving cannabis dispensaries in North America and Australis’ Paytron Merchant Services.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: Australis Capital Inc

Price: 0.19 CAD

Market: CSE
Market Cap: $33.48 m

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