Indy Gaming: Expanding usage of mobile wallets and cashless payments requires education for players and casino staff
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Expanding use of digital wallets and cashless gaming in casinos will require a similar educational effort to the ticket in-ticket out system. Sightline completed $244 million in financing last week to fund training efforts for casino staff and pay for technology upgrades. In 2021, gaming customers will pay through digital wallet or credit cards linked to mobile devices. Most casino apps are limited to checking loyalty points or viewing maps of the casino floor. With digital payment systems expanding everywhere, upgrades to casino app are necessary. In 2011, Sightlines completed a $100 million funding round.
PlayStudios stock price has declined nearly 50 percent since going public at the end of June. PlayStudio's shares are trading at a significant discount to their peers. The company has a strong balance sheet with $230 million and $150 million available in a revolving credit line. Playstudios operates a large portfolio of free-to-play casual mobile and social games. Its release of Kingdom Boss was delayed until the fourth quarter. Zynga and Playtika are Play Studios' primary competitors.
Nevada requires people signing up for mobile sports betting to do so in person at a casino sportsbook. Golden Entertainment is preparing to require unvaccinated staff at certain properties and corporate offices to present proof of vaccination or negative COVID-19 test weekly. MGM Resorts International is getting into the game. It announced last week that BetMGM, its 50-50 sportsbetting joint venture with Entain Plc., will open retail sportsbooks and provide mobile betting. Deadwood, South Dakota became the nation’s third legal casino market, following Nevada and Atlantic City.
