The gaming industry’s largest lobby group is pushing regulators to allow cashless gambling transactions at casinos.
After the COVID -19 pandemic, casinos have been considered as one of the businesses most at risk for the continued spread of the coronavirus. The passing of chips and cards between the player and the dealer is the main reason for that, but the abundance of cash transactions can also help facilitate the spread.
The American Gaming Association released a report Tuesday morning calling on regulators in countries that have legalized gambling to update their laws and allow cashless transactions visit kudaqq.
Research shows that 57 percent of gamblers believe that contactless, digital forms of payment are essential to help reduce the spread of the virus. It also revealed that 59 percent of people who had visited a casino in the last year were less likely to visit a casino because of the pandemic.
According to an Associated Press report, there are already several casinos that allow cashless payments in the form of credit or debit cards or mobile applications such as PayPal. However, the majority of casinos will not accept cashless transactions.
The president and CEO of AGA, Bill Miller, said the step towards cashless transactions at casinos has long been coming.
“The advancing opportunities for digital payments have been one of our top priorities since my first day at AGA,” Miller said in a press release. “This is in line with the role of games as a modern industry, 21st century and supports our already strict regulatory measures and game responsibilities. The COVID -19 pandemic makes it all the more important to advance our efforts to provide customers with payment options they are more comfortable with and have increasingly come to expect in their daily lives. “
One of the main reasons regulators oppose the cashless option is because the opportunities for problem gamblers to bet exceed their means through the use of credit cards. The AGA, however, didn’t always believe that credit cards needed to be used.
On their website, AGA states that modern, cashless payment solutions can come in the form of game credits or chips purchased from gambling operators. The use of a debit card to purchase credit appears more likely to be approved by regulators as a debit card linked to a checking account would require the necessary funds to be available to complete the purchase.
The entire national casino industry closed in mid-March in response to COVID -19. At the time of writing, 308 out of 989 casinos in America are still closed because of it.