Special Report: Cashless Is King For U.S. Casino Industry

The U.S. gaming industry is interested in payment methods that make it easier to play slot machines or table games, but regulators have cited fears of problem gambling, security and cost-effectiveness when it comes to approving cashless systems or mobile wallets for use in casinos.

Cashless gaming has also become an industry term for the use of a plastic card, maybe a customer’s loyalty card, to store or access money for casino games.

“Cashless is certainly not new,” said Nick Khin, chief commercial officer with IGT. “Cashless functionality has been around for a long time, maybe 15 to 20 years. There are casinos around the world that use cashless functionality.”

Request a Free Trial

As a trusted source of regulatory intelligence for the global payments industry, we enable organisations to manage the growing volume and velocity of regulatory risk with confidence, empowering more informed and effective decision making, in an efficient and cost-effective way.

Take a Trial