Sightline Plans $300M Investment to Install Cashless Gaming Tech in 250K Slots
Seeking to spur an elaboration of cashless gaming crosswise the country, Sightline Payments on Thursday announced it would invest upward to $300 jillion to assist operators rising slope their engineering inwards 250,000 slot machines o'er the next tierce years.
Dubbed Project 250, the Las Vegas-based digital payments society is partnering with gambling casino technology unfaltering Acres Manufacturing Company on the endeavor. If successful, Project 250 would guide to gambling casino patrons being capable to dramatic play cashless on a 3rd of the one-armed bandit machines inwards the US.
In a liberate announcing the initiative, Sightline noted that only if 10 states with gambling casino gaming experience launched cashless gaming. The accompany acknowledged that be is a major intellect why effectuation has been sluggish, which is why they’re willing to contribute.
It’s the computer hardware and associated working capital expenditures that’s often the impediment to the large-scale deployment of cashless payments for gaming operators,” Omer Sattar, Sightline co-CEO, said inwards a statement. “This investiture past Sightline through and through the creative activity of Project 250 testament immensely wallop the gaming landscape painting for decades to come. Ubiquity of availability is often critical in spacious scurf consumer adoption, especially inwards payments and this investiture testament aim the unit industry towards the solar apex of the espousal inflexion curve.”
Company leaders said retailers also were hesitant to enthrone inwards similar engineering at the checkout counter stands. However, in one case they did, customers chop-chop embraced it.
The troupe plans to feature to a greater extent selective information near Project 250 at the Global Gaming Expo next week in Las Vegas.
Partnering with Acres
Acres is a Las Vegas fellowship founded by St. John Acres that provides technological solutions to casinos. John the Evangelist Acres was also the beginner of Electronic Data Technologies, which pioneered technology allowing casinos to apply customer trueness cards to caterpillar track their slot simple machine play.
His electric current accompany offers Foundation, a cassino management system that provides cassino managers with real-time information on one-armed bandit machines. Foundation also allows casinos to deploy bonuses to players through their mobile devices.
“We superbia ourselves on our power to ply operators with a scalable alternative to proffer easy-to-implement cashless gaming,” Acres Manufacturing’s Noah Acres said. “Cashless gaming is a outstanding way of life for casino operators of all sizes to optimize customer relationships and drive enhanced profitability.”
About Sightline Payments
Adopting cashless technology has suit a upper side antecedence for the gaming manufacture inward recent years, and Sightline is single of several companies that’s working with casinos to wee-wee that happen.
The accompany developed the Play+ cashless wagering system that can be used for both mobile and in-person gaming. Sir Thomas More than 1.5 zillion users experience exercise set up accounts, and Sightline has more than 80 clients inward sports betting, lottery, casino, and other gaming sectors that utilize the technology.
Sightline also has pushed for gaming regulators to aid vary rules to encourage greater expend of cashless gaming technology. In January, the Nevada Gaming Commission sanctioned a rule allowing a participant scope upwardly a cashless gaming accounting to upload a driver’s license or similar document and respond questions to prove their identity. Previously, they needful to demo identification to an employee at the casino to over(p) the enrolment process.
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