{"id":14111,"date":"2024-08-22T10:44:19","date_gmt":"2024-08-22T10:44:19","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=14111"},"modified":"2024-08-22T10:44:19","modified_gmt":"2024-08-22T10:44:19","slug":"ngcb-could-allow-gamblers-to-use-wagering-accounts-off-casino-properties","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/ngcb-could-allow-gamblers-to-use-wagering-accounts-off-casino-properties\/","title":{"rendered":"NGCB Could Allow Gamblers to Use Wagering Accounts Off Casino Properties"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/10\/nevada-gaming-control-board.jpg\" alt=\"Nevada Gaming Control Boar\" width=\"300\" class=\"alignleft size-full wp-image-8354\" title=\"NGCB Could Allow Gamblers to Use Wagering Accounts Off Casino Properties\" \/><strong>Summary:<\/strong><\/p>\n<ul>\n<li>Nevada Gaming Control Board could expand wagering accounts to a series of non-casino activities.<\/li>\n<li>The list could include restaurants, various establishments in casino resorts, and retail outlets. <\/li>\n<li>The topic will be brought back to the Board for further discussion. <\/li>\n<\/ul>\n<p>Wednesday\u2019s <strong><a href=\"https:\/\/www.legitgambling.com\/news\/ngcb-gives-approval-for-apollo-global-to-acquire-las-vegas-sands-corporation\/\">Nevada Gaming Control Board<\/a><\/strong> workshop brought the topic of wagering accounts being used off-site into the spotlight. <\/p>\n<p>The board\u2019s three board members seemed interested in the <strong>idea of allowing gamblers to use their wagering accounts to make purchases<\/strong> at retail outlets, restaurants, and other establishments part of <a href=\"https:\/\/www.legitgambling.com\/us\/legal-us-online-casino-sites\">US casino<\/a> resorts. <\/p>\n<p>At the moment, wagering accounts holding patron funds are only available for gambling uses.<\/p>\n<p>The discussion will be brought back for further talks at future meetings. <\/p>\n<h2>No Problems With Expanding the List<\/h2>\n<p><strong>Senior Deputy Attorney General John Michela<\/strong> explained the proposal was aimed at seeing wagering accounts used for retail purchases at licensees or affiliates of licensees. <\/p>\n<p>A request has also been made to use wagering accounts for funding debit purchases in partnership with banks, similar to the way debit accounts fund purchases.<\/p>\n<p>Michela\u2019s amendment draft seeks to confine the activities to the casino resort. <\/p>\n<p>The official also suggested an additional study on the proposal\u2019s state and federal legality while explaining that retail and food purchases could be joined by the purchase of spa, pool, and nightclub services.<\/p>\n<p>When asked by board member <strong>Brittnie Watkins<\/strong> about any potential consequences for expanding the list of purchases, Michela argued there should be no problems with it, using the example of <a href=\"https:\/\/www.legitgambling.com\/sports-betting\/horse-racing\">horse-race wagering<\/a> accounts that were used for retail purchases together with activities related to horse-racing goods. <\/p>\n<h2>Changes Would Only Apply to Non-Restricted Licensee<\/h2>\n<p>Michela also explained the changes would exclusively apply to non-restricted establishments (casinos) since restricted licensees are not allowed to have wagering accounts. <\/p>\n<p>Board member <strong>George Assad<\/strong> raised the question of the potential set-up creating any problem in relation to banks. <\/p>\n<p>Michela replied issues may pop up provided the purchases were broadened for use outside casino establishments. <\/p>\n<p>The <a href=\"https:\/\/www.nevadaresorts.org\">Nevada Resort Association<\/a> has not expressed a clear view on the proposal. <\/p>\n<p>The Gaming Control Board\u2019s chief of the technology division, <strong>Jim Barbee<\/strong>, explained they had carried talks with a few manufacturers in favor of extending wagering accounts beyond gaming activities including spas and buffets or hotel rooms.<\/p>\n<p>At the moment, patrons are allowed to fund their wagering accounts via prepaid cards, which work the same way as debit cards, which enable a variety of uses. <\/p>\n<p>In the past few years, debit cards have been available for use to purchase chips at table games and slot machines.<\/p>\n<p>Barbee justified the proposed measure by citing the use of debit cards on these casino purchases, which, he says, mitigates the necessity for a wagering account.<\/p>\n<h2>Support for the Proposal<\/h2>\n<p>Sightline Payments\u2019s chief legal officer <strong>Jennifer Carleton<\/strong> said her company was in support of the proposal, bringing the \u201c<em>significant fees (are) involved in the movement of money<\/em>\u201d argument into the picture. <\/p>\n<blockquote><p>As long as the same safeguards are in place with regard to anti-money laundering that you have with a traditional bank account, it makes sense for an operator to implement that type of a system<\/p><\/blockquote>\n<p>Koin Payments\u2019 chief innovation officer, <strong>Maner Puyawan<\/strong>, also said his company was ready to support the proposal, which he called innovative.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary: Nevada Gaming Control Board could expand wagering accounts to a series of non-casino activities. The list could include restaurants, various establishments in casino resorts, and retail outlets. The topic will be brought back to the Board for further discussion. Wednesday\u2019s Nevada Gaming Control Board workshop brought the topic of wagering accounts being used off-site [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,2,1],"tags":[],"class_list":["post-14111","post","type-post","status-publish","format-standard","hentry","category-casino","category-legislation","category-usa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NGCB Could Allow Gamblers to Use Wagering Accounts Off Casino Properties<\/title>\n<meta name=\"description\" content=\"Nevada gaming regulators are taking into consideration a possible expansion of wagering accounts to non-casino activities including retail outlets, restaurants, and casino-resort establishments.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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