Are Cashless Payments The Future Of U.S. Casino Gaming?
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Andrew Crowe was in Las Vegas for a panel discussion about the future of monetary transactions in the gaming space. He used his phone to book a plane ticket, summon an Uber, check into his hotel and pay for coffee at Starbucks. Sightline Payments is working to make cashless casino experiences more common across the country.
Sightline announced in October plans to implement cashless gaming options at slot machines in the U.S. through Project 250. Sightline plans up to $300 million in Project250 over the coming years. The company is working on the initiative with Acres Manufacturing Company to facilitate digital payment technology at 250,000 slot machine in next three years, and it also believes that cash-free gaming is the future of the industry.
GeoComply helps casinos implement cashless payment options. The company has access to data that helps it detect fraud. Digital payments are beneficial for responsible gambling. It's not clear if cash is going to go away. Some digital payment methods let users set limits on what they want to spend gambling each day. There's a positive outlook associated with digital payments. They are trying to bring the already preferred behavior onto the gaming floor. iReport.com will let you know if they succeed.
