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June 29, 2020TSG Press

TSG in The Wall Street Journal: Casinos Consider Cashless Gambling to Fight Coronavirus

The Nevada Gaming Commission, which oversees casinos, on Thursday approved rule changes that clear the way for wider use of cashless wagering in casinos. The American Gaming Association, an industry trade group, this month gave state and tribal regulators a list of priorities for modernizing payment systems.

Cashless payments through mobile phones and digital wallets—paying for poker chips or slot-machine credits like a cup of coffee from Starbucks —would bring bricks-and-mortar casinos more in line with modern life. Fears over the spread of Covid-19 are leading to broader consumer adoption of mobile-phone payment systems such as ApplePay or Starbucks’ app to avoid contact at cash registers. In late March, about 27% of business owners reported an increase in contactless payments, according to a survey by the Electronic Transactions Association, a payment technology trade group, and the Strawhecker Group, a consulting firm for the payments industry.

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