Loyalty cards used to deposit funds
London-based International Game Technology (IGT) announced Tuesday that the Nevada Gaming Control Board (NGCB) has approved its use of cashless wallets on slot machines.
The global end-to-end gaming company won regulatory approval from the NGCB to allow Nevada establishments using IGT’s casino management system to give players the option of using Resort Wallet loyalty cards to deposit funds into slots.
effortless cashless slot gaming experience”
IGT said in a news release that the carded, cashless model would provide “the option of a reduced-contact, safer, and effortless cashless slot gaming experience” throughout the Silver State. IGT executive Ryan Reddy said his firm was grateful to the NGCB for “enabling this momentous debut in the State.”
First for Nevada
Reddy added that IGT’s product would “heighten the player experience” and position customers as “technology leaders” while also giving them “increased liquidity.”
IGT also added that the introduction of its cashless technology would cut down on machine maintenance, cash handling errors, costs, and security risks, while also promoting social distancing.
IGT eying crypto future
Cashless wallets are not IGT’s only digital breakthrough in 2021.
Also on Tuesday, the world’s largest maker of slot machines received, according to Bloomberg, “a patent for a way to transfer cryptocurrency between a player’s gaming-establishment account and an external cryptocurrency account.”
This gives players the freedom to use their mobiles to add Bitcoin to virtual wallets on slots. Company spokesman Phil O’Shaughnessy said IGT made the move “in anticipation of any possible future direction in regulated gaming involving cryptocurrency”.
The Bitcoin flexibility gives crypto adepts the convenience of converting their holdings into cash for digital wallets, instead of using cryptocurrency ATMs on casino floors.
IGT’s Nevada news follows the state’s ongoing cashless gaming drive. In June 2020, the Nevada Gaming Commission approved a raft of amendments regarding cashless gaming regulations. One of the key changes was to allow casinos to offer patrons the means to fund slots and table game play via mobile phones or tablets.