Nevada To Consider Cashless Payments Without In-person Verification
Nevada Gaming Regulators were asked last week to amend state gaming laws that will allow cashless payments at casinos without requiring the need for in-person verification. This request does not cover horse racing or sports betting in Nevada.
Cashless Payments without In-person Verification
Nevada does allow cashless payments to take place at their casinos for slots and table games but does make it mandatory for the player to show up in person, provide their necessary documentation and go through the necessary approval before they are allowed to carry out cashless transactions at the casino.
The push is to get patrons to complete their verification process online or via a mobile app, get approval and then be ready to walk into a casino, play their favorite games and use cashless payments for all of their gaming and non-gaming needs.
Payment providers who offer cashless gaming petition the Nevada Gaming Commission (NGC) to amend current gaming laws that prevent online verification for land based players. One of the strong arguments that were presented to the NGC was that online casino players are allowed to complete their verification online or via a mobile app and then play their favorite casino games from the comfort of their homes.
However, land based casino players were not allowed to complete online verification which made it appear that Nevada had different rules for online players and different rules for land based players when it came to the casino verification process.
FinCen Recognizes Amendment Required
When Resorts World Las Vegas opened recently, there were long queues as patrons had to wait in line for a long time to get verified by a casino employee and be given approval to use cashless payments to play slots and table games at the casino.
To avoid the outdated method of standing in line and getting approval, the NGC was urged to roll out an amendment that would give land based casino players the same privilege as online casino players and allow them get verified online.
Sightline Payments which provides cashless payment facilities had their legal representative Jennifer Carleton tell the NGC that the Financial Crimes Enforcement Network (FinCen) has already recognized the need for an amendment to be made to the current law so that land based casino players could also take advantage of online and mobile verification.
Sighline Payments submitted a petition back in Sep 2020 to the NGC asking them to amend current gaming laws and allow online verification for land based players. The NGC should make a decision on the matter in the coming weeks.