Cogniac Deploys AI-Based Machine Vision At Melco’s City of Dreams Manila Integrated Resort
April 13 2022 - 8:00AM
Cogniac Corporation (“Cogniac”), a leader in enterprise-class
Artificial Intelligence (AI) image and video analysis, today
announced its partnership with Melco Resorts & Entertainment
Limited (“Melco”), a developer, owner and operator of integrated
resorts facilities in Asia and Europe. The partnership implements
Cogniac’s proprietary visual data processing platform to support
operations of Melco’s loyalty program, Melco Club, at the company’s
City of Dreams Manila luxury integrated resort.
Cogniac’s AI-based computer vision platform facilitates the
operational capacities of the integrated resort’s exclusive rewards
program, Melco Club. Melco’s integrated resorts feature popular
loyalty programs which require the counting and verification of
large numbers of casino chips. The Cogniac system reduces the
amount of resources required to maintain efficient operations,
allowing the redistribution of employees to areas of more strategic
value. The efficacy of the AI-based machine vision platform has
eclipsed the human benchmarks, reaching 99.7 percent accuracy while
massively increasing speed.
“We’re thrilled to be working with Melco and are excited about
the unique application of our system,” said Vahan Tchakerian, Chief
Partnership Officer at Cogniac. “The Cogniac AI-based machine
vision is an excellent fit for use at Melco’s integrated resorts;
driving efficiency in repetitive tasks and offering Melco the
ability to focus on its strategic efforts and scale. The success of
the program so far concretely demonstrates the adaptability of AI,
and our system, to drive value.”
Many use cases of AI and machine vision in the casino and
entertainment space focus on fraud prevention. The leverage of
AI-based machine vision in loyalty program operations offers a
unique case study on the broad applicability of AI and the Cogniac
system. AI has previously served only the niche area of fraud
prevention, and with this partnership, Cogniac and Melco seek to
drive the adoption of AI through innovative frameworks and
workstreams.
“In our commitment to pushing boundaries to create the most
innovative and memorable experiences for each and every Melco
guest, we continue to embrace the implementation of ground-breaking
artificial intelligence hardware including Cogniac’s AI-based
machine vision,” said Avery Palos, SVP & Global Chief
Information Officer at Melco. “The system scales our ability to
process data, dramatically improving our loyalty program’s
operational accuracy, service quality and guest experience. We are
confident that the collaboration will continue to help us achieve
these goals beyond the initial scope of the pilot.”
Cogniac has successfully completed its initial program and is
now deploying its solution on multiple resort casino tables with a
view to further expansion in new territories across Asia
Pacific.
About Cogniac CorporationCogniac offers the
most advanced enterprise Visual Intelligence Platform. Cogniac
enables businesses to realize superhuman levels of accuracy and
efficiency in complex environments, from manufacturing to
industrial, government to marine. Cogniac’s technology maximizes
the value of the newest and most abundant form of data – visual
data. By deploying Convolutional Neural Networks and Hyper
Parameter Optimization, Cogniac’s platform achieves process
performance optimization with very little technical knowledge
required from human subject matter experts. For more information,
visit Cogniac.ai
About MelcoThe Company, with its American
depositary shares listed on the Nasdaq Global Select Market
(Nasdaq: MLCO), is a developer, owner and operator of integrated
resort facilities in Asia and Europe. The Company currently
operates Altira Macau (www.altiramacau.com), an integrated resort
located at Taipa, Macau and City of Dreams
(www.cityofdreamsmacau.com), an integrated resort located in Cotai,
Macau. Its business also includes the Mocha Clubs
(www.mochaclubs.com), which comprise the largest non-casino based
operations of electronic gaming machines in Macau. The Company also
majority owns and operates Studio City (www.studiocity-macau.com),
a cinematically-themed integrated resort in Cotai, Macau. In the
Philippines, a Philippine subsidiary of the Company currently
operates and manages City of Dreams Manila
(www.cityofdreamsmanila.com), an integrated resort in the
Entertainment City complex in Manila. In Europe, the Company is
currently developing City of Dreams Mediterranean
(www.cityofdreamsmed.com.cy) in the Republic of Cyprus, which is
expected to be the largest and premier integrated destination
resort in Europe. The Company is currently operating a temporary
casino, the first authorized casino in the Republic of Cyprus, and
is licensed to operate four satellite casinos (“Cyprus Casinos”).
Upon the opening of City of Dreams Mediterranean, the Company will
continue to operate the satellite casinos while operation of the
temporary casino will cease. For more information about the
Company, please visit www.melco-resorts.com.
Cogniac Press Contact:Zach KadletzGateway
GroupZach@gatewayir.com+1 (949) 574-3860
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