“They haven’t had to deal with it as directly as they are now as we are introducing these new technologies. “For a lot of the financial side of the industry is relatively new,” he added.

Lanning warned that the rest of the world is moving in this direction and that the gaming industry has lagged in innovating around cashless for so long. “A lot of them see the benefits specifically related to the need for additional social distancing, the need for contactless solutions,” Lanning said. So far nine states have adopted cashless gaming and digital payment solutions for commercial and tribal casinos: Nevada California New Mexico Oklahoma Pennsylvania Indiana Iowa Ohio and Florida. Lanning said IGT’s approach to regulators is really one of education and helping them understand the technology.īut he noted that every regulator is on a “different path in this journey.” “Cashless and these technologies take a lot of time, energy and effort between AML, know your customer rules and how you run these operations.” “Obviously with sports betting coming up in a lot of markets, there have been a lot of regulators focusing on that,” Lanning told attendees Monday during a panel on digital payments at G2E.

“From our perspective, the regulatory environment is fairly mixed,” said Jacob Lanning, senior director of business development for payments at IGT. “Every state has a slightly or dramatically system and won’t allow the same thing,” Feil told attendees of a panel discussion on modernizing payments at the Global Gaming Expo (G2E) in Las Vegas.įeil said the AGA has been focused on bringing the entire gaming industry together to support changes to expand cashless or digital payments on the casino floor. Jessica Feil, vice president of government relations and gaming policy counsel with the American Gaming Association (AGA), said Tuesday that a lot of hurdles are born from the industry’s regulatory system. casino industry, but gaming operators, technology suppliers and payments providers are increasingly rolling out mobile wallets, which allow customers to fund their play at slot machines and table games throughout the casino. gaming industry continues to bring mobile wallets and other cashless products to market, there are hurdles from a regulatory standpoint as state regulators try to understand the importance of this technology, according to lobbyists and gaming executives.Ĭashless gaming is still a small portion of the overall transaction volume of the U.S.

Are there casino mobile game lobbyists