Kangwon Land to Localize Imported 'Slot Machine Ticket ATM'

Collaboration with Domestic SME ATEKAP for Game Prize Money, Balance, and Other Cash Exchange Equipment

Gangwon Land announced on the 14th that it will collaborate with the domestic small and medium-sized enterprise Atech AP to localize the casino slot machine ticket ATM, which had been entirely imported from abroad.

Kangwon Land Headquarters
[Photo by Kangwon Land]

In slot machine games, prize money or the remaining balance after the game is printed in the form of tickets. The ticket ATM is a device that exchanges these tickets for cash. Until now, there were no domestic companies manufacturing this equipment.

Gangwon Land decided to produce the ticket ATM in-house by combining the machine development know-how accumulated through the production of its own brand 'KL Saberi' slot machines with the technology of domestic SMEs, and issued a bidding announcement last month.

As a result of the bidding, Atech AP, which is well-known in the fields of counterfeit verification technology and financial automation equipment business, was selected. This company is known as a specialized firm possessing world-class advanced technologies such as feedback-type deposit and withdrawal technology as well as media recognition technology.

Gangwon Land expects to reduce costs by localizing the imported product currently valued at about 80 million KRW per unit through this self-development of the ticket ATM. Furthermore, the company plans to diversify its business not only domestically but also by expanding sales overseas.

Lee Sam-geol, CEO of Gangwon Land, stated, "Following the export of self-produced slot machines, we expect that the related device, the ticket ATM, will also be competitive in overseas markets."

This content was produced with the assistance of AI translation services.