search.noResults

search.searching

dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
POST CV19 OUTLOOK by Brendan Bussmann “Te gaming and hospitality industry is only in the first quarter of its recovery from likely the greatest challenge that it faces with the Great Shutdown and the fallout from the SARS-CoV-2 (COVID-19) pandemic that forced casino closures across the globe. Tis has affected almost every line item on a casino’s income statement and changed the paradigm on how to conduct business in both the short and long term.


One silver lining of the shutdown is that online gaming revenues have grown significantly, and social gaming has also seen a rise. A major element of this trend has been the move to cashless wagering, which is being embraced by operators and regulators alike.


Cashless payment is not a new endeavour, but it is one that under the current pandemic conditions has seen a push to become more acceptable across all forms of gaming. Patrons first and foremost must feel safe about their funds and how they are being transferred.


For most people, cashless payments include using a financial institution or funding an account through an operator that allows for such an amenity. Even though this is done through electronic means, it puts the onus on the operator or the financial institution to handle the physical money. It is important to consider in a responsible gaming environment that transactions between accounts should be debit, meaning that gaming credits are


available immediately after, and only after funds are deposited into the account. Any other form of credit should require specific authorisation and approval to ensure further validity to the system.


Gaming operators must adhere to the same standards when it comes to financial transactions including Know Your Customer (KYC), Anti-Money Laundering (AML), and responsible gaming measures. Te KYC measures on a casino floor can now match what is done today for mobile sports betting and online gaming. It also allows the full compliance with FinCEN rules and brings further transparency to gaming operators starting at the level of $2,000.


Going cashless can aid with compliance on these important issues and add a level of protection for both operators and patrons with tools that allow for limits, exclusion, and other gaming related aspects. Responsible gaming should cover all platforms and should always be a focus for operators and regulators alike.


Cashless will continue to move across the globe, but crafting the right regulatory environment will be key for operators, regulators, and patrons. It will be critical for the integrity of the industry and bringing assurances that financial transactions are held to the same level as those of any other business. Gaming is one of the most highly regulated industries. As cashless payments accelerate as a trend in gaming, they must be held to that same high standard.”


Gambling GGR data 2019 Casino: EGTs:


Table games: VGTs:


$1.35bn $1.06bn $297.1m $1.68bn


Going cashless can aid with compliance on these important issues and add a level of protection for both operators and patrons with tools that allow for limits, exclusion, and other gaming related aspects. Responsible gaming should cover all platforms and should always be a focus for operators and regulators alike.


NEWSWIRE / INTERACTIVE / MARKET DATA P63


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116  |  Page 117  |  Page 118  |  Page 119  |  Page 120  |  Page 121  |  Page 122  |  Page 123  |  Page 124  |  Page 125  |  Page 126  |  Page 127  |  Page 128  |  Page 129  |  Page 130  |  Page 131  |  Page 132  |  Page 133  |  Page 134  |  Page 135  |  Page 136  |  Page 137  |  Page 138  |  Page 139  |  Page 140  |  Page 141  |  Page 142  |  Page 143  |  Page 144