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COVID-19 Economic Risk Mitigation Through Slot Mix Optimization
We understand that this is a difficult time for the world and that we all must do our part to help stop the spread of COVID-19.
During this time, most casinos will be looking at social distancing options such as limiting the number of patrons on property, and/or reducing the number of operational slot machines.
We are offering AI measures to tell operators which machines to strategically remove in order to minimize the economic impact of those changes.
In the wake of the current coronavirus pandemic, many casinos will temporarily close and will implement social distancing measures within their properties when they are operational. nQube recognizes that many Casinos are looking for ways to encourage social distancing while minimizing impact. The CDC has recommended social distancing as a protective measure, which means maintaining a distance of at least 6 feet (approximately 2 metres) between individuals when possible. In order to mitigate the spread of the virus, casinos may consider temporarily shutting off some slot machines or rearranging their casino floors to increase the physical distance between players.
Turning off a fraction of your slot machines does not necessarily mean that all revenue from those units is lost, since much of it can be shifted to other machines on the floor. However, implementing social distancing requirements is more complicated than turning off every other machine, or simply turning off the least productive units. The key to protecting revenues is in understanding the entire slot floor as an interconnected system, and being able to predict which slot machines your players would be willing to shift to if some are temporarily unavailable. A careful analysis of the slot floor as a whole will allow you to balance the remaining capacity of the floor with player demand, and minimize the economic impact of a partial closure.
nQube is offering artificial intelligence-driven solution to mitigate economic impact of partial casino closures due to coronavirus pandemic.
Many casinos around the world have temporarily closed, or will temporarily close during this pandemic. If your casino is currently open, or if you are reopening after a temporary closure, and you wish to mitigate economic risk related to social distancing measures, please get in touch with us at info@nqube.com if you are interested in this service.