IGT Gets Regulatory Approval to Use Bitcoin & Crypto’s at Slot Machines
The world’s largest slot machines’ maker, International Game Technology Plc, is looking at offering cryptocurrency as a payment option on its casino games like Wheel of Fortune and Megabucks.
It has been only last year that the Nevada Gaming Commission made it easier for casinos to introduce cashless systems and now IGT has gained regulatory approval for using cashless wallets on slot machines.
The company received a patent this week for the means to transfer crypto between a player’s account on the gaming-establishment and an external crypto account, reported Bloomberg.
This would allow players to move BTC and other crypto assets into their digital wallets on a slot machine through their phones. Company spokesman Phil O’Shaughnessy said,
“IGT secured this patent to bolster its industry-leading patent portfolio in anticipation of any possible future direction in regulated gaming involving cryptocurrency.”
Going the crypto route certainly makes sense especially to attract the younger gamblers. According to IGT, a third of guests at Caesars Palace in Las Vegas are between the ages of 21 and 40.
Now that Bitcoin, Ethereum, and other altcoins prices have started rallying like crazy, everyone wants a taste of cryptocurrencies.