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Vegas Now Using Contactless Payments

2/24/10 - eMoney News reports that the added security of contactless smart card payments make this facility a better bet for punters, and that it is already making inroads into the market in Las Vegas.
Contactless payment systems (also known as "touch and go") are credit cards, key fobs, smartcards or other devices which use RFID (radio-frequency identification) for making secure payments. The embedded chip and antenna enable consumers to wave their card or fob over a reader at the point of sale. 
Some suppliers claim that transactions can be almost twice as fast as a conventional cash, credit, or debit card purchase. Because no signature is typically required for purchases under US$25, research indicates that consumers are likely to spend more money due to the ease of small transactions.
Gamblers will be able utilise a multitude of cashless payment options on new Internet Lottery Terminals (ILTs), with sixteen separate games available on the web-based server, Your Guide has reported.
Additionally, using the cashless payment services will allow players to take advantage of financial and accounting tracking systems so that they are aware how much money they have spent or won on the machine.
The January edition of Popular Mechanics reported that contactless devices are currently helping Las Vegas casinos to track their accounts in real-time.  According to the publication, this is helping management to track money in the casino and prevent the use of fraudulent chips.
The latest Internet Lottery Terminals are offering gamers the option of paying contactlessly, according to Sixteen separate games are currently available on a Web-based server that accepts a multitude of cashless payment forms. The server will also enable players to track how much money they have spent or won on a particular machine.

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Gambling News :

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

Novomatic has announced a legal action against Euro Games Technology - Online and land gambling equipment and games provider Novomatic has announced a legal action against Euro Games Technology Ltd., which it claims has unfairly created imitations of its slot games.

Starcraft ProLeague SHutting Down after 14 Years - Announcing the end of the road for the League, once pre-eminent in Asian eSports gaming, the Korean Esports Association blamed ethical scandals and competition for its decline in popularity.

Team Hot Launches - #teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.

Netent Q3-2016 Earnings Report - #netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.

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