International Game Technology (IGT)’s cashless resort wallet technology has secured Nevada regulatory approval, the company announced on Tuesday. The turnkey, fully-integrated cashless gaming solution with external funding can now be deployed throughout the state.
According to a press statement, by having completed the final stages of the regulatory approval process for its Resort Wallet module of the IGT ADVANTAGE casino management system, the company has further cemented “its leadership in cashless gaming technologies.”
The achievement implies IGT’s cashless gaming solution, which includes an option for one-step funding via proprietary external funding gateway IGTPay, has now been approved “for deployment throughout the state.”
"IGT earning Nevada regulatory approval for our award-winning, fully integrated cashless solution is a perfect bookend for a year marked with tremendous momentum for our Resort Wallet and IGTPay cashless gaming modules of the IGT ADVANTAGE system," said Ryan Reddy, IGT SVP Global PM VLT, Systems, Payments & Poker.
Following this approval, casinos in Nevada leveraging the IGT ADVANTAGE system can now offer their players the option to fund their Cashless Wagering Accounts directly from their personal mobile devices. This is set to eliminate the need to handle cash or visit a casino cage, ATM or kiosk.
The company describes its Resort Wallet and IGTPay products as allowing players to securely transfer funds to and from their Cashless Wagering Account from a range of external payment sources, including bank accounts, credit and debit cards, or Sightline Play+ prepaid accounts.
Funds within the Cashless Wagering Account, which can be PIN-protected for further security, can then be seamlessly transferred to and from a slot game “with a simple tap of a smartphone” when initiating or concluding cashless slot play.
"This milestone achievement will allow for players and operators throughout the state to enjoy the many benefits of cashless gaming and reinforces Nevada's reputation as a future-forward gaming jurisdiction that is committed to advancing the player experience," further added Reddy.
IGT’s Resort Wallet and IGTPay solutions were recently named “Product Innovation of the Year” in the 2021 edition of the Global Gaming Awards Las Vegas. And, in September 2021, IGT was hailed “Technology Provider of the Year” in the International Gaming Awards for its achievements with Resort Wallet and IGTPay.
The 2021 edition of the International Gaming Awards (IGA) also saw IGT receiving the “Lottery Product of the Year” award. IGT’s Mobile Lottery Solution was awarded for adapting to the post-Covid-19 world, enabling lottery engagement via mobile devices. It drives efficiencies by putting winning tickets, Second Chance promotions, “My Tickets” digital storage, and more.