US Gambling Industry Calls for Cashless Payments on Casino Floor
The American Gaming Association that advocate for the gambling industry, national trade group reflect on an 18-month collaborative US gambling industry effort. This is a way to put in place a framework for governing elasticity to allow digital payments on the casino floor.
According to The American Gaming Association, allowing payment choice permits casino customers the ability to supplement cash with secure digital options on various casino floors in the United States.
Moreover, this does not only have something to do with the security of real money, rather this move will map a way for responsible gambling. Responsible gambling will only take place to improve and equip gamblers with digital tools to assist them to monitor their gambling habits.
Players will be able to set limits and provide gaming operators and law enforcement the much-needed transparency. This is a good way to combat money laundering activities and other tracing other financial transactions.
The US Gambling Industry Payments Modernization Policy Principles
This initiative is only available to educate state and tribal regulators who are lining to consider increasing payment choice. The Gaming Association has highlighted some points to take note. These include:
- Equip players with various tools to bet responsibly.
- Offer gamblers payment options and convenience.
- Provision of customers’ confidence in digital payment security.
- Empower regulation enforcement to better identify offenders through payment analysis.
- Create a uniform regulatory environment for casino gaming operators, suppliers and gaming regulators.
However, over 59% of the previous year casino visitors less likely made use of cash due to COVID-19 pandemic. This then propelled 54% of customers to opt for contactless payment options when gambling for real money.
The continued rampant spread of the coronavirus in various parts of the USA as many casinos reopen after many months of closing their doors. Therefore, to combat the continued spread of COVID-19 the gambling industry has managed to introduce cashless payments whenever real money players are placing their real money bets.