Acre

ACRES NAMES WALL STREET GAMING INDUSTRY EXPERT, DAVID BAIN, CHIEF FINANCIAL OFFICER

Retrieved on: 
Thursday, October 19, 2023
CFO, UCLA, John's vision of the Son of Man, Loyola Law School, Pepperdine University, MBA, Research, JD, Acre, BA, Management

LAS VEGAS, Oct. 19, 2023 /PRNewswire/ -- Acres Technology ("Acres" or the "Company"), the leading casino technology innovator, announced today that it has appointed David Bain as Chief Financial Officer.

Key Points: 
  • LAS VEGAS, Oct. 19, 2023 /PRNewswire/ -- Acres Technology ("Acres" or the "Company"), the leading casino technology innovator, announced today that it has appointed David Bain as Chief Financial Officer.
  • Mr. Bain spent the last 25 years as a senior research analyst and managing director of corporate finance at several investment banks, most recently at B. Riley Securities.
  • His gaming and leisure capital markets expertise includes extensive and well-followed research on the slot and gaming equipment supply sector.
  • David Bain added, "Acres is again revolutionizing the casino industry and I'm excited to join the team to help grow value for all of our stakeholders.

AcreTrader Exceeds Target Returns in Illinois Farm Aggregation

Retrieved on: 
Wednesday, October 11, 2023
Pressure, Food, Soybean, IRR, Investment, Jamaica Township, Vermilion County, Illinois, Great, Soap bubble, COVID-19, Acre, AcreTrader, Face, Drainage, Sale, Agriculture

The initial targeted returns (IRR) of the four farm offerings ranged from 7.8-8.7%, while the preliminary IRR for the aggregated offerings at exit is well above target at an expected 12.75%.

Key Points: 
  • The initial targeted returns (IRR) of the four farm offerings ranged from 7.8-8.7%, while the preliminary IRR for the aggregated offerings at exit is well above target at an expected 12.75%.
  • The dispositions encompassed 473 acres of investment-grade soil predominantly cultivated for corn and soybeans in Illinois' Iroquois and Vermilion Counties.
  • This exit yielded returns significantly surpassing anticipated targets for AcreTrader investors, attributable to a conservative initial underwrite, attractive entry price, a multi-year portfolio aggregation strategy, and favorable market conditions for farmland investments.
  • These upcoming exits bring a total of 10 full-cycle investments managed by AcreTrader Management, LLC, all of which generated realized returns above initial targets.

ACRES TO DEMONSTRATE SIGNIFICANT PLAYER ENROLLMENT AND COST SAVINGS BENEFITS DRIVEN BY FOUNDATION™ HQ CASINO MANAGEMENT SYSTEM AT GLOBAL GAMING EXPO 2023

Retrieved on: 
Monday, October 2, 2023
Gold medal, Acre, CMS, G2E, HERE, Acquisition, TIBO, Gold, GGB, API, Mr Green (company), Global Gaming Expo, Casino

LAS VEGAS, Oct. 2, 2023 /PRNewswire/ -- Acres Manufacturing Company ("Acres"), a leading casino loyalty and technology developer, will highlight the Company's Foundation HQ Casino Management System ("CMS") technology, which can massively scale new player acquisition through its ten-second enrollment process, as part of its product demonstrations at the 23rd annual Global Gaming Expo (G2E®), October 10-12, 2023 (Booth #4211). Acres' Foundation HQ is set for initial deployment in early 2024. The lightning-fast player enrollment process enabled by Foundation HQ is demonstrated HERE.

Key Points: 
  • The lightning-fast player enrollment process enabled by Foundation HQ is demonstrated HERE .
  • Acres' Foundation casino management solution provides casinos with real-time data from slot machines and a direct interface to the credit meter on any slot machine.
  • Foundation delivers over 1,000x more data, giving operators dramatic new capabilities to analyze and influence player behavior.
  • Through its standard APIs, any application approved by the casino can interface with Foundation to enable advanced data analytics, bonusing, cashless gaming and more.

Acres Announces Partnership With Forisk Consulting to Enhance Timberland Analysis for Industry Professionals

Retrieved on: 
Monday, October 2, 2023
Overalls, Acre, Partnership, Investment, Agriculture, Silviculture

This collaboration between Acres and Forisk will further expand Acres' capacity to provide and visualize important information on U.S. timberland through its powerful land valuation tool.

Key Points: 
  • This collaboration between Acres and Forisk will further expand Acres' capacity to provide and visualize important information on U.S. timberland through its powerful land valuation tool.
  • "We're thrilled to bring Forisk’s experience and data to the Acres platform to help more investors and managers in the timber industry.
  • We care about helping the forest industry make better decisions, and we see this partnership with Acres as a great way to enhance that value," says Forisk President and CEO, Brooks Mendell.
  • The timber site index data alongside Forisk timber mills and the intuitive geospatial interface of Acres make for a powerful combination of tools and data for the timber industry.

ACRES STUDY REVEALS FREE SLOT PLAY COSTS CASINOS $37 BILLION IN ANNUAL LOST PROFITS

Retrieved on: 
Wednesday, September 13, 2023
Acre, CMS, HQ, Global Gaming Expo, Venetian Expo, Casino

LAS VEGAS, Sept. 13, 2023 /PRNewswire/ -- Acres Manufacturing Company ("Acres" or 'the Company"), a leading casino loyalty and technology developer, today released a new position paper as part of its ongoing series exploring the expensive realities of current casino loyalty technology. This new position paper details the $37 billion annual impact player loyalty reinvestment has on casinos' profitability as a result of existing, antiquated legacy Casino Management System ("CMS") technologies. With 166 patents issued and hundreds more pending, Acres created its Foundation hardware and Foundation HQ CMS specifically to address this opportunity. The new position paper, informed by a survey of nearly 200 U.S. casinos, is available HERE alongside earlier installments analyzing the state of current CMS offerings.

Key Points: 
  • This new position paper details the $37 billion annual impact player loyalty reinvestment has on casinos' profitability as a result of existing, antiquated legacy Casino Management System ("CMS") technologies.
  • With 166 patents issued and hundreds more pending, Acres created its Foundation hardware and Foundation HQ CMS specifically to address this opportunity.
  • The new position paper, informed by a survey of nearly 200 U.S. casinos, is available HERE alongside earlier installments analyzing the state of current CMS offerings.
  • "The industry's strategy of using free play to buy loyalty is completely misaligned with player preferences, as the potential to win is what truly drives loyalty, not free play.

ACRES FOUNDATION HQ™ CMS REVOLUTIONIZES CASINO PLAYER LOYALTY PROGRAMS WITH INTRODUCTION OF TEN-SECOND ENROLLMENT PROCESS

Retrieved on: 
Tuesday, August 8, 2023
IGT, Acre, CMS, Light & Wonder, Konami, ID, Conference, Casino, Aristocracy (class)

LAS VEGAS, Aug. 7, 2023 /PRNewswire/ -- Acres Manufacturing ("Acres" or the "Company"), a leading casino loyalty and technology developer, today introduced a key new feature of its Foundation HQ™ casino management system ("CMS"), which allows players to digitally enroll in casino loyalty programs in approximately ten seconds while at the slot machine. A recent Acres study highlighted that the current player enrollment process utilizing legacy, decades-old CMS technology costs casino operators approximately $5.0 billion annually, or roughly 7% of casino slot win, thanks to unnecessary costs and lost revenue. The legacy technology also impairs casino operators' ability to optimize engagement with current loyalty program members and attract new players.

Key Points: 
  • A recent Acres study highlighted that the current player enrollment process utilizing legacy, decades-old CMS technology costs casino operators approximately $5.0 billion annually, or roughly 7% of casino slot win, thanks to unnecessary costs and lost revenue.
  • The legacy technology also impairs casino operators' ability to optimize engagement with current loyalty program members and attract new players.
  • During an uncarded play session, Foundation HQ™ displays a Play Code on the 7-inch TSD™ display installed on the game.
  • Foundation HQ's ten-second enrollment process enables exponentially more player sign-ups which helps operators grow player engagement and retention."

ACRES STUDY REVEALS CASINOS LOSE $5.0 BILLION ANNUALLY DUE TO OUTDATED CASINO MANAGEMENT SYSTEM ENROLLMENT METHODS

Retrieved on: 
Thursday, July 27, 2023
Database, Acre, HQ, CMS, Acquisition, Casino

LAS VEGAS, July 27, 2023 /PRNewswire/ -- Acres Manufacturing Company ("Acres" or 'the Company"), a leading casino loyalty and technology developer, today released a new position paper as part of its ongoing series exploring the realities of casino loyalty technology. This new position paper details the significant negative impact the player enrollment process driven by legacy Casino Management System ("CMS") technology has on casino operators' cost structures and their ability to benefit from meaningful new revenue opportunities. The new position paper, informed by a survey of over 70 U.S. casinos, along with earlier installments analyzing the state of CMS offerings, is available HERE.

Key Points: 
  • This new position paper details the significant negative impact the player enrollment process driven by legacy Casino Management System ("CMS") technology has on casino operators' cost structures and their ability to benefit from meaningful new revenue opportunities.
  • The new position paper, informed by a survey of over 70 U.S. casinos, along with earlier installments analyzing the state of CMS offerings, is available HERE .
  • Key highlights of Acres' CMS enrollment position paper include:
    Casino customers spend an astounding 1.1 billion minutes annually waiting in line for a player card, resulting in annual revenue losses exceeding $1.75 billion.
  • We encourage all industry constituents to review our continuing series of position papers that highlight the benefits our approach to casino loyalty technology."

New Program Set to Bring More Black Farmers’ Products to Store Shelves

Retrieved on: 
Thursday, July 6, 2023
Detroit Black Community Food Security Network, Acre, Partnership, Farmer, UNFI, Black, McKinsey & Company, Well-being, Organization, Cargill, Restaurant, Livestock, Equity

Acres: Cultivating Equity in Black Agriculture trains and certifies Black farmers and ranchers as diverse suppliers.

Key Points: 
  • Acres: Cultivating Equity in Black Agriculture trains and certifies Black farmers and ranchers as diverse suppliers.
  • The goal is to help increase incomes as producers access new markets including grocery stores, restaurants, and other retail outlets.
  • According to data from McKinsey & Company , just 1.4% of farmers identify as Black or mixed race compared with about 14% a century ago.
  • Cargill and NMSDC designed the recently renamed Acres program to address this issue and advance agricultural supply chain access for Black individuals.

Tech Hub LIVE Conference and Expo Announces Keynote Presenter Dr. Alyssa Whitcraft, Director of NASA Harvest and NASA Acres

Retrieved on: 
Wednesday, June 21, 2023
Acre, Executive, Farmer, Agriculture, Research, NASA, AG, Food security, Communications satellite, Renewable energy, Soil

Alyssa's keynote presentation is highly anticipated, as she will shed light on the transformative potential of space technologies and data-driven insights in agriculture.

Key Points: 
  • Alyssa's keynote presentation is highly anticipated, as she will shed light on the transformative potential of space technologies and data-driven insights in agriculture.
  • Dr. Alyssa Whitcraft, Director of NASA Harvest and NASA Acres to Deliver Keynote Address at Tech Hub LIVE this July.
  • She is the Executive Director of NASA Acres and the immediate-past Deputy Director of NASA Harvest, respectively the U.S.-focused and global NASA consortia on food security and agriculture.
  • NASA Acres, which officially launched in April 2023, is NASA's latest investment in agriculture.

AcreTrader and Gridline Join Forces to Open Up Access to Farm and Timberland Investments

Retrieved on: 
Wednesday, June 7, 2023
Agriculture, Acre, RIAS, AcreTrader, Cryptocurrency

The alliance heralds a new, approachable way to invest in United States farm and timberland for registered investment advisors (RIAs), family offices and other wealth management professionals.

Key Points: 
  • The alliance heralds a new, approachable way to invest in United States farm and timberland for registered investment advisors (RIAs), family offices and other wealth management professionals.
  • Both individually, and through this collaboration, AcreTrader and Gridline aim to make high-quality alternative assets more obtainable.
  • While looking for a solution to expand access to farm and timberland, AcreTrader was struck by Gridline’s expertise in providing investors with diversified portfolio exposure to historically exclusive and prohibitively expensive private market opportunities.
  • Since its founding in 2018, AcreTrader has completed farmland investments across more than 40,000 acres totaling approximately $400 million.