Nevada Gaming Commission approves cashless wagering
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Nevada Regulators Give Green Light to Remote Cashless Account Registration
The Nevada Gaming Commission (NGC) has unanimously approved the ability to create a cashless wagering account remotely for in-person betting at Nevada casinos. This new regulation does not apply to mobile sports betting apps, which still require users to sign up in person.
Sightline Payments created a petition to introduce these changes. The financial services company first submitted a petition for a change in regulations in 2020. Another proposal was sent to Nevada gaming officials last year. The latest version of the proposal was recommended for approval by the Nevada Gaming Control Board (NGCB) in December before being granted permission in January.
Omer Sattar, Co-CEO of Sightline Payments, said they are “grateful” to the Nevada Gaming Commission for their support of the regulatory change. Sattar said that “continuous innovation is critical” to ensure the Silver State remains at the forefront of gaming.
Although this new regulation represents a small step forward for the NGC, it is not the big leap forward that sports bettors have been impatiently waiting for. Nevada remains one of a few states that require in-person mobile sportsbook account registration.
Remote Registration for Nevada Casinos
The new regulation allows casino players to use an app to open a cashless gaming account without visiting a physical casino. Previously, the few cashless gaming options available in Las Vegas required gamblers to create and fund their accounts in person.
Creating an account at a casino can be a time-consuming experience. When Resorts World Las Vegas opened in 2021, the signup process was clunky and confusing. Some visitors to the casino on the opening weekend claimed they had to wait up to two hours before having access to their new cashless account at Resorts World.
The new regulation means casino guests can now submit their personal information and fund an account before traveling to a casino.
This comes as Boyd Gaming is planning to introduce cashless accounts for all of its Las Vegas casinos after running a trial last year. Cashless gaming could continue to expand to more casinos in Las Vegas and throughout Nevada. The NGC approved the IGT Resort Wallet Cashless Gaming Technology just before the remote account setup regulation change.
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