Casino Properties Expect 60 percent Decrease in Repair Costs Due to New Technology
ATLANTA, Sept. 24, 2013 /PRNewswire/ -- Innovolt® Inc. announces today that it has been selected by Laguna Development Corporation (LDC) to implement its intelligent asset management and Remote Optimization Control (ROC™) technology within the corporation's three casinos. LDC manages more than 2,300 slot machines which, like other electronic equipment, rely on clean power to function properly. Without it, they can experience expensive maintenance issues and poor performance which equate to a negative customer experience.
LDC recognized a need for electronics protection and asset management years ago but had been unable to find a solution that solved the problems that are exasperated by bad weather. Between the cost of parts and down time, power outages can cost LDC as much as $70,000 per disturbance. After a highly successful proof-of-concept, in which the slot machines that were equipped with Innovolt's ROC™ technology did not fail once, LDC is moving forward and implementing Innovolt's solution throughout its three casinos: Dancing Eagle, Route 66 and Express Casinos.
"Power outages can be extremely damaging to our equipment, causing monitors and button panels to burn out, leaving our customers irritated and less likely to return. Additionally, every power disturbance costs us in both maintenance and lost revenue," explains Jeffery Inman, corporate director of slot operations for LDC. "Innovolt's solution has made a significant difference by improving equipment reliability and uptime. Since implementing its technology we've had a decrease in service issues, which I anticipate will result in a 60 percent decrease in repair costs next year."
Most businesses are unaware of the effects the environment has on the nation's power supply. However, they are unintentionally paying for these effects through shortened lifespan and decreased reliability of their electronic equipment. According to the U.S. Department of Energy, thunderstorms, hurricanes and other similar storms have accounted for 58 percent of observed power outages since 2002. Eighty-seven percent of these outages have affected more than 50,000 customers nationwide.
"The need for Innovolt's asset protection and management solution has become a number one priority for companies with highly technical and digital equipment. This is especially relevant given how prevalent and unpredictable natural disasters and storms are becoming," says Jim Mitropoulos, CEO of Innovolt. "Innovolt's technology offers cost-savings for customers and positively impacts their bottom line by extending the life of electronics equipment. For the casino industry in particular, this type of solution is imperative to protect brand reputation and ensure equipment is up and running 24/7."
To watch a video and learn more about how LDC implemented Innovolt's technology, please visit http://innovolt.com/resources/videos/casinos-reduce-repair-costs-and-increase-uptime-innovolt.
Innovolt® combines patented electronics protection technology with comprehensive monitoring and analytics applications to deliver the leading Intelligent Asset Management platform. Significantly reducing the cost of electronics ownership, Innovolt intelligently protects and manages the productivity and usable life of the technology that powers today's digital world. The company's proven Remote Optimization Control (ROC™) technology guards valuable electronic assets against the damaging effects of power and environmental disturbances and incorporates a cloud-based platform to give businesses the tools they need to predict, measure, and maximize equipment performance across the distributed enterprise. Innovolt has been acknowledged as a fastest growing technology company by Inc. Magazine, the Technology Association of Georgia, Atlanta Business Chronicle, American Business Awards, and Lead411 and was a finalist for Forbes list of America's Most Promising Companies in 2013. For more information, visit www.innovolt.com.
About Laguna Development Corporation
Laguna Development Corporation is owned by the Pueblo of Laguna and was formed in 1998, and the corporation's revenue is used to serve the tribe's members with public works, education, general governance services and more. Laguna Development Corporation is a Pueblo of Laguna owned business pursuing opportunities that improve and strengthen the Laguna community and its economy. Through our high performance culture we provide unparalleled entertainment, extraordinary customer service and quality products. We honor our core values and with an enterprising spirit we foster growth opportunities for the LDC family. Today, LDC currently manages and operates: Route 66 Casino, restaurants, bars & gift shops; Casino Xpress; Route 66 Travel Center (Including Dairy Queen Grill & Chill & Hot Stuff Pizza); 66 Pit Stop Gas Station & Convenience Store; Route 66 Casino Hotel; Thunder Road Restaurant; Nightclub; 360 Lounge; Main Street Restaurant; Johnny Rockets; Pier 66 Snack Bar; Poker Pub; Legends Theater; Buffet 66; Kids Quest; Cyber Quest; Dancing Eagle Casino; Dancing Eagle Travel Center (Including Dairy Queen Grill & Chill); Dancing Eagle RV Park; Dancing Eagle Restaurant; Dancing Eagle Supermarket & Ace Hardware; 66 Pit Stop at Exit 114; Paguate Mart and a Transmix Plant. For more information, visit www.lagunadevcorp.com.
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