In this article the Wall Street Journal reports the coronavirus pandemic has generated concern over bills circulating among hundreds of hands on the casino floor, and that is pushing casinos toward cashless technology.
Sightline Founder and CEO, Kirk Sanford, says, “the casino industry became—and is still to this day—the largest cash-based ecosystem on the planet.”
The article says, proponents of electronic transfers say they make it easier to track suspicious activities that could signal money-laundering and allow for setting limits on accounts. Electronic payments also mean less touching ATM buttons or interaction with cashiers, they say.
Read the article by clicking here.