CASINO

Cantor customers use plastic; Schwartz sees cashless industry in 20 years; Genting scale back Miami plans

TAGs: Cantor Gaming, genting group, Las Vegas, March Madness, Nevada

las vegas 1Cantor Gaming saw a number of customers take advantage of its credit and debit card service during the first weekend of March Madness. Mike Colbert, risk director at Cantor Gaming, said the company saw “quite a few credit cards used to open accounts during the first weekend of March Madness,” according to the Las Vegas Review-Journal. Cantor opened up the service last week for Visa, MasterCard and Discover customers and convenience is at the heart of the decision.

In terms of the future of cashless gaming in the former world number one casino business location, David G, Schwartz, director of the Center for Gaming Research at the University of Nevada, stated: “I see it more as an evolution of the gaming business. You can already use your credit card to get a cash advance at a casino.”

Schwartz even sees slot machines accepting cards in the near future and that “it might take five, 10 or even 20 years but the gaming industry will be cashless”.

Over in Miami, Genting Group have scaled back plans for its multi-use site. Resorts World Miami will now consist of a five-star luxury hotel, luxury condominiums, waterfront restaurants, some limited retail and an 800-foot long promenade. It’s a long way from the $3.8 billion plan that would have created the world’s largest casino with some 5,200-hotel rooms, 50 restaurants and bars, and a shopping mall.

A local commercial broker, Jack Lowell, told the Miami Herald: “It sounds more modest and more reasonable; somebody is listening. I think it is also reflective of the current market and seems to make some sense.”

Comments

views and opinions expressed are those of the author and do not necessarily reflect those of CalvinAyre.com