HomePublicationsNewsletter ArchiveVolume 26Issue 25American Gaming Association Policy Principles Offer Framework to Advance Casino Payments Modernization

In a press release dated Tuesday, June 16, 2020 the American Gaming Association (AGA) released their new Payments Modernization Policy Principleshighlighting options for digital or contactless payments on the casino floor. Enacting these principles will allow safer transactions for customers, operators, regulators, and law enforcement; hopefully limiting matters of anti-money laundering and increased efforts to monitor financial transactions.

Bill Miller, AGA president and CEO, is excited to begin this initiative, stating: “Advancing opportunities for digital payments has been one of our top priorities since my first day at the AGA. It aligns with gaming’s role as a modern, 21stcentury industry and bolsters our already rigorous regulatory and responsible gaming measures.  The COVID-19 pandemic made it all the more important to advance our efforts to provide customers with the payment choice they are more comfortable with.”

The basic principles in the new plan will help state and tribal regulators to expand payment choices pursuant to seven principles:

1. Equip customers with more tools to wager responsibly.

2. Give customers payment choice and convenience.

3. Ensure state laws enable a flexible regulatory approach, capable of keeping pace with evolving forms of digital payments.

4. Address heightened customer public health concerns.

5. Provide customers confidence in digital payment security.

6. Create a uniform regulatory environment for casino operators, suppliers, and regulators.

Empower law enforcement to better identify offenders through digital payment analysis.

The AGA found that 59 percent of casino visitors in the past year were less likely to use cash as a safer practice following the COVID-19 pandemic. The AGA continues to implement new strategies to promote public health on the casino floor and to implement safer gambling.

To read the full press release, click here.

 

 

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