Cashless gaming and digital payments are moving into the casino world

At the "Global Gaming Expo 2018" exhibition, Every Holdings hid a backroom at the venue and exhibited prototypes of products for cashless games and digital payment systems.

Most major manufacturers are hiding games of competitors that do not fit the casino. Cashless technology also enters this category. To enter, you must receive an invitation from an Everybi representative.

There was nothing changed to a secret room. Most major manufacturers are hiding new products from competitors, which are not yet ready, in casinos, the largest gathering of the industry.

Calculation technologies other than cash were one of them, and invitations from Everi representatives were required for visitors to touch the technology.

"And in a recent interview, Mr. Darren Simmons, a senior vice president of Gaming Equipment and Financial Technology Provider Las Vegas headquarters, said in a recent interview." Our customers were interested. "

At the Weekly Exhibition G2E, which will open at the Sands Expo & Convention Center Exhibition Center on October 4, the concept of secretly unveiled three years ago is attracting attention. In addition to Everi, a wider cacheless gaming and digital payment products will be displayed, indicating that one of the last industries depends on cash.

"In the early stage of the introduction, research (in no n-cash games) is needed, but customers are very interested in what they are currently developing," says Ryan Lady, a senior vice president of internal game technology.

Two years have passed since I became the CEO of the US Gambling Association, and Bill Miller emphasized that the innovation of no n-cash gaming is a technical direction for the casino industry.

"Three or four years ago, we had just begun to discuss what this was," Simmons said. "This is an e-commerce that has been around for many years, online reservations, online purchases, this is e-commerce. Introducing this in the game industry has long been discussed.

Most game equipment vendors have already developed or under development of mobile wallets (smartphone applications that store payment cards and other information in digital format). At the < SPAN> Global Gaming Expo 2018 "exhibition, Every Holdings hidden a backroom at the venue and exhibited prototypes for cashless games and digital payment systems.

Most major manufacturers are hiding games of competitors that do not fit the casino. Cashless technology also enters this category. To enter, you must receive an invitation from an Everybi representative.

There was nothing changed to a secret room. Most major manufacturers are hiding new products from competitors, which are not yet ready, in casinos, the largest gathering of the industry.

Calculation technologies other than cash were one of them, and invitations from Everi representatives were required for visitors to touch the technology.

"And in a recent interview, Mr. Darren Simmons, a senior vice president of Gaming Equipment and Financial Technology Provider Las Vegas headquarters, said in a recent interview." Our customers were interested. "

At the Weekly Exhibition G2E, which will open at the Sands Expo & Convention Center Exhibition Center on October 4, the concept of secretly unveiled three years ago is attracting attention. In addition to Everi, a wider cacheless gaming and digital payment products will be displayed, indicating that one of the last industries depends on cash.

"In the early stage of the introduction, research (in no n-cash games) is needed, but customers are very interested in what they are currently developing," says Ryan Lady, a senior vice president of internal game technology.

Two years have passed since I became the CEO of the US Gambling Association, and Bill Miller emphasized that the innovation of no n-cash gaming is a technical direction for the casino industry.

"Three or four years ago, we had just begun to discuss what this means," Simmons says. "This is an e-commerce that has been around for many years, online reservations, online purchases, this is e-commerce. Introducing this in the game industry has long been discussed.

Most game equipment vendors have developed or under developed a mobile wallet (smartphone application that saves payment cards and other information in digital format). At the "Global Gaming Expo 2018" exhibition, Every Holdings hid a backroom at the venue and exhibited prototypes of products for cashless games and digital payment systems.

Most major manufacturers are hiding games of competitors that do not fit the casino. Cashless technology also enters this category. To enter, you must receive an invitation from an Everybi representative.

There was nothing changed to a secret room. Most major manufacturers are hiding new products from competitors, which are not yet ready, in casinos, the largest gathering of the industry.

Calculation technologies other than cash were one of them, and invitations from Everi representatives were required for visitors to touch the technology.

"And in a recent interview, Mr. Darren Simmons, a senior vice president of Gaming Equipment and Financial Technology Provider Las Vegas headquarters, said in a recent interview." Our customers were interested. "

At the Weekly Exhibition G2E, which will open at the Sands Expo & Convention Center Exhibition Center on October 4, the concept that was secretly unveiled three years ago is attracting attention. In addition to Everi, a wider cacheless gaming and digital payment products will be displayed, indicating that one of the last industries depends on cash.

"In the early stage of the introduction, research (in no n-cash games) is needed, but customers are very interested in what they are currently developing," says Ryan Lady, a senior vice president of internal game technology.

Two years have passed since I became the CEO of the US Gambling Association, and Bill Miller emphasized that the innovation of no n-cash gaming is a technical direction for the casino industry.

"Three or four years ago, we had just begun to discuss what this means," Simmons says. "This is an e-commerce that has been around for many years, online reservations, online purchases, this is e-commerce. Introducing this in the game industry has long been discussed.

Most game equipment vendors have developed or under developed a mobile wallet (smartphone application that saves payment cards and other information in digital format).

Non-cash gaming has several components, including the technology used to securely move funds from a bank account or credit card to a wallet and then back to an account or to another form for use outside the casino, such as a debit card. These funds are protected by FDIC rules and standards.

Boris Amegazie, vice president of Aristonology Global, said, "Everyone is working hard to help operators and gambling regulators move to the digital world sooner than you might think."

COVID-19 also served to accelerate the move to non-cash transactions, as casino operators tried to reduce the use of items that many visitors may touch, while health and safety recommendations from gambling regulators came in.

In the mid-2000s, the term "server gaming" was used in the casino industry to refer to the computer systems that control all the games on the casino floor. Similarly, non-cash gaming and digital payment systems should include many games and product developments by all manufacturers, regardless of their origin.

The gambling industry uses the term "omnichannel approach" for non-cash technology. In addition to transferring funds, the digital system is designed to make it easy for customers to place bets on any platform, including slot machines, board games, sports betting, and Internet casinos in the four states where it is legal.

"We're in the early stages of adopting non-cash betting," said Matt Wilson, senior vice president of Scientific Games. "Three or four years from now, more than half of the operators (casinos) in the country will have some kind of omnichannel implementation. We see that as the future," says Miller.

Eight states have adopted non-digital gaming and digital payment options in commercial and tribal casinos: Nevada, California, Oklahoma, Pennsylvania, Indiana, Iowa, Ohio and Florida.

"I think that number will grow," he says.

Matt Wilson, senior vice president of Scientific Games, explains the latest cashless gaming product in the company's demonstration room in Las Vegas, Friday, Sept. 10, 2021. (Jeff Scheid/The Nevada Independent)

The pandemic was a cashless accelerator

In his own lecture at the G2E held in October 2019, the mirror accepts digital technology for cash exchange, stating that casinos do not need to introduce basic settlement methods that are used in flea market. Called the gambling industry to expand.

Five months later, when US casinos began to close due to the COVID-19, the separation of cash in gaming became a business for the entire company.

In June 2020, AGA announced a survey that 57 % of casino customers answered that digital or non-contact payments at casinos were relevant for their coVID-19 epidemic. 59 % of casino customers have said that concerns about colon virus have reduced the frequency of using cash in daily life.

"Pandemic has created a lot of terrible trends." This is one of the driving force that became the main acceleration device of the values ​​I imposed on this job. Welfare for customers and employees. And safety has turned into a really important thing for the industry. "

According to Miller, cash is constantly dominating the casino space, but the industry is changing to what customers can decide how to trade.

On Tuesday, August 31, 2021, at Ariante Hotel Casino, North Las Vegas, a voice gaming IT product manager, Nathan Hasaki, is a tabletop game using a mobile app, players are the company's mobile wallet. Shows how to purchase a ticket using. (Jeff Scheid/The Nevada Independent)

The significance of Nevada

In Nevada, cashless gaming has increased since the launch of mobile sports betting in 2010. Buyers need to register with a casino and link to credit cards and debit cards to their accounts. The Supreme Court ruling to legalize Sportsbetting in 2018 has led to such a operation form in other areas in the United States, and most of the 26 states in which sports betting is legalized. The system has come to be used.

IGT has attracted cashless gaming through multiple gaming channels in the international market, led by its own online lottery in Europe. According to Reddy textbooks, the company has been dealing with multiple gaming territories since 2018, processing the $ 1 billion in the United States, with more than 50 % of these transactions in the past 12 months.

Last year, gaming equipment vendors and payment processing companies had a meeting with regulators in Nevada, discussing the introduction of cashless gaming technology, and advised the possibility regulations. The Nevada Gaming Management Committee and the Gaming Committee confirmed the introduction of digital payments in June.

One year later, the $ 4. 3 billion resort World Las Vegas has opened a digital technical system that can make cash on both gaming and no n-gaming. Five gaming technology providers have built the system, and players can now buy chips digitally from table game dealers for the first time in the state.

Miller says that the latest resort in the Strip area was a living showroom indicating the potential for cashless gambling.

"Resort World operators say that if they have not introduced the modernization of the payment system, they would have provided incredible services." They did not just make a casino. It's a version casino. "

Sightline Payments, headquartered in Las Vegas, will transfer money from customer debit cards, bank accounts, paypal accounts, or other sources as a financial channel for resort world.

A mobile app by a voice gaming that connects to a slot machine at Ariante Hotel Casino in North Las Vegas. (Jeff Scheid/The Nevada Independent) On Friday, September 10, 2021, a scientific games executive who demonstrates the company's digital payment products. (Jeff Scheid/The Nevada Independent), September 9, 2021, Everi smartphone cash payment technology. (Jeff Scheid/The Nevada Independent)

"We are working to make it easier for customers," said Joe Papperano, Sightline's joint CEO.

According to him, cashless systems guarantee the compliance with the regulations on money laundering and provide the necessary information to meet the "Know-Your-Customer" requirements. Customers can also set the drawer limit on their accounts.

"The cashless gaming technology has given many answers to many of the original questions," said Papperano.

Other major gambling operators are promoting their own cashless systems. Boyd Gaming has recently completed a mobile wallet field test at Ariante Casino in North Las Vegas. The customer could bet on the facility slot machine through a digital payment system using mobile devices.

AristOcrat Technologies has provided a casino management system to Boyd Casino and has developed a mobile wallet called Boyd Pay. Sightline Payments process financial transactions.

Boyd Gaming's Blake Rampmaier said the system, developed by Aristocrat Technologies and Sightline, has already been distributed at the Cannery in North Las Vegas, Suncoast and Main Street Station in downtown Las Vegas. He expects the system to be available at Gold Coast and Orleans by early October.

Rampmaier said the company has "quietly" asked patrons at Aliante to try out the non-cash system.

"We've had positive feedback from customers," he said, adding that Boyd plans to launch a marketing campaign to promote the system in Southern Nevada in the coming months.

The company, which has also launched casino systems in casinos in Indiana and Pennsylvania, plans to begin field testing of the non-cash board in the Aliante board game once approval from Nevada gaming regulators is received.