South Dakota Casino Pushes For Cashless Gambling
Some casinos in South Dakota are searching to make online gambling the standard at its Deadwood properties.
According to local press outlets, two executives in Mineral Palace Hotel and Gaming emerged ahead of the South Dakota Commission on Gaming Wednesday to demonstrate their proposed technology will work and essentially remove the handling of cash from casinos.
Kurt Hall, the gaming-floor director at Mineral Palace, told authorities that individuals would send cash from their bank accounts into the cashier cage and the cash could be set on their gamers ‘ accounts. Gamblers would then insert the card into the machine of their choosing and wins and losses would be kept track of on the card.
Hall said that the new system is to reduce the handling of cash, which should help prevent the spread of coronavirus inside the casino. Diana Prado, hotel operations director at Mineral Palace, said that other casinos were interested in using the technology as well.
“It could be done electronically,” said Hall.
Regulators were skeptical of allowing a casino to go cashless, however. Local reports say that one regulator didn’t know what the “end game” was another stressed that individuals are more inclined to gamble more than they can manage if they didn’t need to have the actual cash on them.
When demand about the end game, Hall said that all parties involved would profit.
“It’s more advantage to the consumer,” said Hall. “In the long term, a casino could produce more income along with the gaming commission will produce more income from taxes online play. “
The executive secretary was concerned that implementing this practice would allow participating casinos to function as a bank. She cited a similar system used by a South Dakota telephone race betting business, that went belly-up in 2017.