Discussion in 'Casino Industry & Development' started by Sonya, Jun 16, 2021.
They still allow cash, it is a option.
Bad for employees as the tips can be tracked and become taxable.
Cashless on a cruise ship while convenient and super easy, is also super dangerous for drunk chasers. Not that I have ever been a drunk chaser.
I just read a latest article from reviewjournal in the other Resorts World post and saw pictures, one shows the slot machine buttons and the slots for the rewards card and money and that you can enter cash in, so it is an option. I don't think they can take that away from us. I am curious about the food places though. Can we walk up and get food or has to be through the app?
Just sharing an interesting story using a phone app at resorts instead of tito and cash to play slots and tables. I have a hard time imagining walking up to a slot and scanning to download my money to play... but hey, it's happening baby.
The cashless gaming is a pass.. Will be a non disputable record of you buying in at 1000 and leaving with 3000.. Uncle Sam loves the idea I’m sure
Yes on Uncle Sam for sure. In the story, she says how it will help the casino to keep even better track of you. Go figure. Easier and swifter for you to play more too.
This is precisely the reason why casinos haven't wanted this to date. There are serious responsible gaming concerns with removing the additional step of having to go to the ATM or sign for a marker. It makes it easier to just keep going even when you should be tapped out. And while I get the aversion to it being trackable, I know from the industry and government perspectives, the more they know, the more they can avoid enabling Title 31 violations.
The issue is I think they know exactly the two primary demographic groups that will use it and it's probably the two that shouldn't be using it - problem gamblers and younger people who don't know how to manage a bankroll.
Isn’t title 31 about 10k up transactions? Last week I was sweated and I mean sweated at Planet Hollywood for 6k cash out. So I don’t think it’s all about title 31... Took supervisor approval almost 45 mins.. another minute and I was calling gaming.. So saying that story.. Cashless gaming sucks for the player.. Every penny is going to be tracked and eventually taxed and that’s what is for just like crypto digital can be tracked and traced..I won’t play there if that’s all they offer.. I’m almost positive I saw a debit card machine at the blackjack table at Circa.. Vegas sucking people dry anyway they can
Title 31 is very much about AML in general. It's not really about taxation, it's primarily about money-laundering and financing of illegal activity. The $10k limit you're thinking of is CTRs and customs declarations; any suspicious activity can be the subject of a SAR. And the $10k threshold is cumulative, i.e., over the course of a day. And those go in the circular file unless you're doing something else wrong.
From the article.
Gamblers will be able to load money onto their digital wallets using on-site kiosks to deposit cash or digitally by linking to a bank account, credit card or PayPal. '
That is the part that would scare me!
The only thing that scares me about going cashless are the fees attached to retrieving my money…..anything more than a flat atm fee is a no no.
Wow. Paying a fee to gamble and still a house edge…just WoW…..
I’d be interested to know if anyone has interacted directly with this cashless digital wallet system at the Resorts World Casino.
Post of the Year nominee.. Beat the slots 9-12% hold and it cost you 3% to collect only in Vegas
I can see them making it extremely easy to put money on the card, with an app and hundreds of kiosks, but it will be super hard to get any money off the card. There will be one window, in the back, down an unmarked hall, with hundreds in line trying to cash out. the line will be between rows of machines so when you get tired of waiting you can just spend the money right there. The lone window employee will be a retiree that has been laid off from being a Wal-Mart greeter. It will remind me of the time I tried to cash out the last few bucks from a machine that wasn't paying, but at this casino, all cash outs are hand pays and I had to wait nearly 30 minutes for less than $5. If I had known ahead of time, i would have either skipped playing or not cashed out. Big fan of TITO, but I have noticed less and less ticket machines over the years.
If all of this is offered as an option, then there is no need to worry.
You need to worry when it is no longer an option. People that value their individual freedom need to worry if they do this.
I remember a wise financial person saying this: If you think an App is a product, you are wrong. You are the product. (Especially when they say it's free.....)
I'm not entirely opposed to it *IF* they were competitive on fees for something like a checking account withdrawal. I don't use markers, but the ATM fees or fees at the cashier for something like that are more than a bit extreme and it is fine by me if they had a little competition from this system, or app, or whatever the heck this is.
I'm more shocked that the Nevada Gaming Commission approved this.
I'd like to ask if anyone on here has used this and can confirm if there are fees? Also, what I'd like to know is if I withdrew from my app and got gaming chips at a table game, played and won money, can I cash in my all the chips for cash at the cage or do I have to take it as a credit to my app?
I signed up for Genting Rewards on my phone and then picked up my card last night.
The process was simple; basic questions and provide identification. You must enter your social security number if you want to use cashless pay (aka Play+ Account which acts as your casino bank; you use the Gaming Play to fund the machine), and you’ll agree to the terms which include the list of fees. You’ll also set a pin, which is good if you lose your card. There are some small fees for non-activity, which is similar to a prepaid debit card.
There is a $2.95 fee every time you add cash (compared to most ATMs this is cheap). You can add funds via PayPal, bank card or direct bank transfer. It’s very quick and easy.
Onve your added funds, your rewards card is all you need. I loaded $100 to try it out and played a slot machine. My wife and I spent several minutes looking like idiots trying to figure out how to use it. We’re usually keen to this kind of stuff but the machine was misbehaving. A very nice floor person offered assistance and it finally worked.
You simply insert your card and you’ll see a small icon on the small screen of the machine (where you see your name and balance etc). It’s a stack of cash and you tap it, then your pin and then the dollar amount you want to play with. And that’s it.
I won about $61 and had enough. I checked the app to see what I should do but there’s NO instructions but it asks if you want to disconnect from the machine. I tapped that but it didn’t recognize any machine (because I never scanned a QR code), which many don’t offer. So I just took my card out of the machine, and made sure my name wasn’t on the screen and the light was red. I checked the app and it showed my new balance, so I knew I was safe.
Later, I came back and played the same machine. Inserted the card, no issues and won $219 after two spins. I didn’t press my luck and took my card out, no issues. I lost a few bucks and you can see from the image, it shows my winnings.
Where I have an issue and why I’m here is, there’s NO way of figuring out how to cash out. Essentially your money is sent back to your bank…but I couldn’t figure it out. We left before asking, but since we’re local, I’ll come back.
Since it’s new, I think the employees are figuring it out along with us!
Update: from what I gather, I’ll receive a debit MasterCard in the mail and I can use it or transfer the money to my own bank. I’m not sure if you can cash out at the casino. I don’t think I like this and if I was told this, I probabl wouldnt have used it
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