Tigapo Launches Cloud-Based Arcade Game Monetization System, Names Sid Banon U.S. CEO

Posted On: 3/21/2019

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TEL AVIV, ISRAEL – Tigapo has launched its cloud-based arcade management and monetization system. The Israeli company has also opened its U.S. offices, to be led by Sid Banon, an experienced FEC industry vet.
 
Banon's appointment as chief executive of Tigapo's U.S. operations comes as the company says it's beginning to penetrate the U.S. market with orders from several of the largest arcade operators in the industry. Prior to joining Tigapo, Banon cofounded The Good Stuff Co., a manufacturer of licensed toys and games, and Win Stuff, a national operator of skill vending machines.
 
Tigapo said its goal is to fill the void it has seen for a digital and affordable payment solution that cuts operators' costs and allows continuous gaming across different arcades and street machines. It claims its solution saves operators up to 80% in costs by eliminating human operators and manual coin-collection from the process.
 
Tigapo's digital and mobile-first arcade management and payment platform connects vending and coin-operated machines to the cloud, collecting and analyzing data in real-time, allowing operators to know the exact status and quantitative analysis of each machine at all times. Additionally, it informs operators which games drive the most revenue and which may need repairs, enabling strategic game placement inside the arcade. Additionally, Tigapo's AI technologies and algorithms can learn users' habits and give owners the ability to set dynamic pricing, while also autonomously and remotely managing operations, boosting revenue while reducing costs.
 
Tigapo estimates that its system is set to increase vending machines revenue by at least 30%. For consumers, Tigapo's system allows users to pay for services with smartphones or NFC tags, removing payment friction and maximizing "play time."
 
"Arcade owners and operators have long been seeking a simple-to-use system that will fully allow them to maximize user gameplay while also significantly increasing revenue," said Tigapo chief executive Tsachi Sayegh. "Tigapo is that system -- our innovative combination of hardware and software is already boosting retention, gameplay and revenue across all of our initial customers in the U.S. and we look forward to rolling out our system countrywide."