UNLV’s International Gaming Institute has launched the IGI Payments Collaborative — in partnership with payment technology and software providers Sightline Payments and Global Payments Gaming Solutions — to analyze the gaming industry’s transition towards cashless wagering.
As a neutral, academic entity, UNLV IGI is uniquely positioned to lead the conversation on the convergence of responsible gaming and cashless wagering. Taking inspiration from the International Center for Responsible Gaming, formerly the National Center for Responsible Gaming, the Collaborative’s objective is to provide a scientific, data-driven foundation for policymakers and regulators to make sound decisions in the future.
“This Collaborative will combine IGI’s experience in peer-reviewed science with our funders’ existing technological, operational, and marketplace strengths to form a leadership position on responsible gaming policy, which in turn will be a crucial consideration in any forthcoming cashless wagering conversations,” said Dr. Bo Bernhard, Executive Director, UNLV IGI.
“Global Payments Gaming Solutions will provide industry leadership and the expertise needed to drive responsible gaming efforts,” said Christopher Justice, President, Global Payments Gaming Solutions. “Our team works to develop industry-leading cashless gaming solutions to support patrons and their need to track, manage, and control funds to play responsibly. Digital gaming solutions not only improve the gaming experience, but help create more responsible gaming practices.”
Omer Sattar, Executive Vice President & Co-Founder, Sightline Payments. said: “Responsibility is the cornerstone of our industry and protecting the integrity of the patron is paramount. As the world starts to seamlessly blend the digital with the physical, it’s essential that we collectively evolve our tools, technology, and thinking to shape the future. The IGI Payments Collaborative aspires to that lofty ideal and we’re excited to make our contribution to the collective.”
Alan Feldman, Distinguished Fellow in Responsible Gaming, UNLV IGI, said: “To date, RG policy on cashless wagering has been driven more by perception rather than data. Very little scientific research exists on actual customer behavior when cashless systems are deployed. As a result, policies can be based on worries or beliefs rather than facts and scientific methodologies. It is thus important to evaluate and study the potential unintended consequences of these current policies in order to inform future RG policy,”
Partnership conversations are continuing with other leaders in the payment solutions ecosystem.