Discussion in 'Casino Gaming' started by Sonya, Jun 17, 2020.
I agree, but you have to admit it was awesome hearing those coins drop
Cash will NEVER go away. Too many people prefer it, and lets face it many shady people like to use it. Now I think this can be another option the casino's may have down the road, but CASH is never, EVER going away....sorry folks. Covid or no covid.
Hopefully not in my lifetime. In the year 2525.........
Since forcing people to go non-smoking and/or wear a mask is so difficult, it’s hard to see this getting any traction. I would imagine the capital investment would be high & regulation of the transactions might be difficult. I could see myself butt dialing away my bankroll.
I imagine that, some day, casinos will go cashless. I'm also pretty sure that will be the same day I stop gambling in casinos.
I think I could go with cashless if I could go to the Cashier and put money on a casino card and go back at the end of the day and get tthe cash. There is now way I want my bank seeing transactions at the casino.
Ever hear of "front money"?
...if man is still alive
Credit cards existed before I was born, barely. When I was old enough to buy liquor credit cards were forbidden in liquor stores, to save us citizens from that slippery slope. Now that our state coffers demand money from the lottery I can put a credit card on the website and play electronic games until I’m bankrupt. If you want to change a regulation you buy a legislator or three and promise them a bigger budget. Easy peasy.
I went on a cruise with Princess cruises back in 2017 and you could charge your gambling funds right to your stateroom from the machines. So, in theory, depending on what credit card you put to secure your room charges at the front desk you could do some serious damage. I made a point to go down and pay off my room bill each time I won (sacrificing lots of credit card points along the way), but I didn't trust that if I left the room charges I would keep the cash on hand to pay it.
Worked out well, came home $900 richer than I left, but there were others on the cruise (sponsored by my local casino) who did not fare nearly as well (one woman lost $35k). So, I don't ever want that option in a normal casino. No thanks!
I admit it all day long.
30 years ago people said that bank cards (atm) would never catch on. Look at how many payment options are around today (PP, CC, crypto...).
Will it go in this direction? I would say....sooner than we all think....
Unfortunately, I think we are moving toward a cashless society. I don't like it. I don't like all my money being just an electronic blip on a screen. But an earlier poster made a good point, it's not COVID that will cause cashless, but the younger generation, although COVID will probably be used to accelerate it. My kids just don't use cash. Like I say, I don't like it, but that's the way I see it eventually going. I hope I'm wrong.
Oh my gosh, I agree with this 180% on the younger generation ushering it in.... Google pay, apple pass, whatever the hot trend is now.
Though, our only saving grace is, Vegas repeatedly has reports bemoaning the younger generous just not being drawn to gambling that much!
So yes, the younger generation embraces cashless, but many of them also don't like to gamble as much, so maybe we'll still get good run of cash in Vegas gambling!
Touching chips is part of the Craps experience and would really affect my sessions enjoyment.
I agree. It would be difficult to monitor without chips.
I was thinking more along the lines of a buy-in using atm like transaction....I would be up for something like that.
Crossing the border with cash is a pain in the ass...
Cash should stay. All the slots are programmed for cash to go inside them. If credit cards, so many people would be owing money to their credit card companies. A big no no.
What's the house edge? Merchants, sellers, etc, pay fees every time a customer uses a card. The business where I work... its between 1% and 2.5% per transaction.... probably lower in a mega corp... but still cuts into their edge.
As a player.... I'd react differently to two different models. If I could buy and use casino debit cards (like a transit card) I'd go along grudgingly. Would probably mean lower play levels.
Tapping my phone, or sliding my credit card into a slot, would likely end gambling for me. That unbridled connection between my money and my impulses isnt for me.
A cashless life isn't for me. I've yet to tap a phone to pay for anything. I dont have a Google pay account setup - never purchased an app. I pay for lunch, my dry cleaning, a coffee, etc. with cash.
Given that no data is ever private, especially if you’re running for public office, or high position in company like a treasurer, rest assured someone will expose you, and say you’re not fit for that position because of all your transactions at a casino.
Also, cash will never go away. It’s the only way transactions are made with low income people, drug deals, and off the book repair jobs.
Casinos are the only way governments can tax illicit money.
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