Tangam Systems

Tangam Systems

September 21, 2011 17:01 ET

CORRECTION: The Meadows Racetrack & Casino First Property in Pennsylvania to Deploy Tangam Table Games Yield Management (TYM)

WASHINGTON, PENNSYLVANIA--(Marketwire - Sept. 21, 2011) - The following corrects and replaces the release sent at 3:40pm EST on September 21st, 2011. The link at the end of the paragraph with the heading - "IS TYM RIGHT FOR MY PROPERTY? Risk-free data analysis offer", should read: http://www.tangamgaming.com/Misc/DataAnalysis.php instead of www.meadowsgaming.com.

Tangam Systems today announced that The Meadows Racetrack & Casino has become the first Pennsylvanian casino to deploy Tangam's award-winning Table Games Yield Management (TYM) system following a successful six-month trial.

TYM is a software tool that helps casino operators improve table games profitability by 5% - 15% by taking the guesswork out of table spread planning and by guiding floor staff on how to best adjust table minimums in real-time to match fluctuating player demand.

During the trial, TYM helped The Meadows reallocate hundreds of table hours to more profitable times, ensuring that labor resources were being deployed when they would produce the maximum bottom-line impact and that players always had the right types and number of games available. TYM also helped The Meadows dramatically reduce the number of sub-optimal occupancy situations (i.e. when players are too crowded or too spread-out) through better real-time minimums management.

Utilizing a sophisticated yield management engine developed by Tangam over several years at partner casinos, TYM is able to demystify table spread planning and minimums management by analyzing both historical and real-time data, providing actionable insights and reports to the entire table games organization.

"TYM gives us perfect visibility into trends and issues," said Lance Young, Director of Table Games at The Meadows. "Our staff comes from all over the country, so we had lots of different methodologies and opinions about how to best set the table spread and when to raise or lower minimums. TYM cuts through the uncertainty and gives us the correct answers, whether it's on a minute-by-minute basis or in a monthly summary. We can't imagine going back to manual methods now that we've used TYM for the past six months."

"We're proud to announce The Meadows as our customer and are excited to continue working with Lance and his excellent, diverse team," said Prem Gururajan, President of Tangam Systems. "TYM's success at The Meadows is another great example of how table games yield management is a game-changer for casinos that want to meet today's challenging environment head-on."

Tangam's TYM system is available to casinos worldwide.

IS TYM RIGHT FOR MY PROPERTY? Risk-free data analysis offer

We understand that table games yield management is a new concept to many operators, so we're offering to analyze 1 month of your data with TYM at no costs and with no obligations of any kind. You get to discover hidden opportunities to increase profitability, with specific recommendations for how to adjust your table spread and table minimums; we gain the opportunity to show you the power of TYM using your own data. It's the perfect way to discover how much of an impact table games yield management would have at your specific property. Learn more about this data analysis offer at http://www.tangamgaming.com/Misc/DataAnalysis.php.

VISIT OUR BOOTH #1534 AT G2E 2011 to learn more about this risk-free data analysis offer and to see TYM in action.

The Meadows Racetrack & Casino

A world-class entertainment destination, The Meadows features 78 table games, more than 3,300 slot machines, premier restaurants with spectacular views of the gaming floor and the racetrack, a new racing grandstand, simulcast area, VIP super boxes, and an all-ages bowling center. Located on the upper level is Bistecca, an Italian steakhouse recently voted as having the best steaks in southwestern Pennsylvania. Just down the hall is Gibson's Cigars and Spirits, offering the best cigars anywhere. The best local and regional music acts can be found in the Silks Lounge.

The Poker Room, located on the lower Racetrack Level, is a private, non-smoking room complete with a bar and lounge area and an environment unmatched in the region. It features daily tournaments with popular games such as No-Limit Texas Hold 'Em, Sit and Go, and 7-card Stud. Blinds start at $25/50 and increase at each level of the tournament. For more information, please see: www.meadowsgaming.com.

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