The Nevada Gaming Control Board has agreed to consider a regulatory amendment that would allow remote verification of casino betting accounts, but not for sports betting and mutual betting.
After an hour-long workshop meeting Thursday to consider a petition submitted by subsidiaries of Las Vegas-based Sightline Payments LLC, board members agreed to put the proposal on a future agenda.
“Nevada is a leader in cashless gaming, and we look forward to continuing discussions that will enable us to provide Nevada residents and visitors to Nevada the most innovative, safe, secure, compliant and compliant gaming experience. responsible in the United States, ”Sightline co-CEO Joe Pappano said in a statement released after the meeting.
Sightline has asked the board of directors to make regulatory changes that would allow casinos to verify the identity and fund players’ betting accounts without them having to appear in the casino. As part of the proposed change, a player could download an app, open an online casino betting account, fund the account and start playing in the casino or make non-gaming purchases without having to queue for verification. .
Casino companies have been on both sides of the remote registration debate involving sports betting. Supporters claim the ease of signing up would generate more revenue while opponents want to retain in-person verification as it requires all players to enter the casino at least once, increasing the potential for additional games.
Board member Phil Katsaros, who chaired the workshop meeting, said Sightline’s proposed proposal would further encourage casino patronage, as the accounts would be used to fund slots and gaming. table as well as retail purchases at the casino.
Pappano told the meeting that Sightline launched its cashless betting system at the Aliante property of Boyd Gaming Corp. and featured it when Resorts World Las Vegas opened in June, with customers required to get account verifications in person.
He said research indicates that customers have the tolerance to wait three minutes for an account to be activated. While the process was not a problem at Aliante, he said the crush on people wanting to sign up for the opening of Resorts World caused customers to queue for hours before they could play with their kids. cashless accounts.
Other states allow offsite registrations and verification – especially for sports betting accounts – but the Sightline proposal in Nevada does not include remote registrations for sports betting.
Online sports betting companies point to New Jersey’s dominance in the industry as one reason Nevada should revise its rules regarding betting accounts to generate more revenue.
Omer Sattar, co-founder and co-CEO of Sightline, told board members that remote account verification can be made even more secure than showing a government-issued ID card with authentication knowledge-based, or KBA.
With KBA, customers would be asked to answer personal safety questions, such as “What is the name of the street you lived on when you were 16?” To verify their identity.
Yet there is opposition to the proposed amendment.
Attorney Marc Rubinstein, representing Station Casinos Inc., said Sightline’s proposal could contradict federal laws against money laundering.
“Federal money laundering law requires physical casinos to use documentary methods of verifying identity for on-site gambling activities,” Rubinstein said in a letter to members of the board of directors on Tuesday.
“Therefore, it would appear that the proposed changes… are an invitation to approve a regulatory change that would violate federal law,” he wrote. “For this reason, we believe that the board should not have been asked to approve the proposed rule changes, the workshop should not continue and the proposed rule changes should not be recommended by the board for action. “