Prepaid Gambling Debit Cards Get Regulatory Thumbs Up in Nevada

The new cards provide the solution, while satisfying regulatory concerns at the same time. Station Casinos chief financial officer Marc Falcone welcomed the move, saying, “We believe that it is time Nevada gaming companies get the benefits of electronic commerce that have been available to other industries for several years.”Could Help Problem Gamblers Set LimitsSightline’s attorney Dennis Neilander former commissioner of the Nevada Gaming Control Board told the Gaming Commission that the cards satisfied the concerns of the , an organization that has fought hard against the use of traditional credit cards and debit on gaming tables and devices. He also said that the limits on the prepaid cards are governed by the Treasury Department’s Financial Crimes Enforcement Network, adding that many banks have cash limits on the cards and that customers can set their own limits on the amount the card can hold;  a potential method of self-control for problem gamblers. Sightline would also make visible a warning about problem gambling to players when they load funds from a bank account to the card.United Coin general manager Steve Des Champs highlighted the safety benefits for customers, saying that the cards negated the need for people to carry large amounts of cash around; therefore decreasing the risk of robbery as well.“It would provide an enhanced level of safety and security,” he said in a letter to the commission.While the Gaming Control Board must approve the technology before the cards can be used, the regulatory amendments clear the way for Sightline to work with casino operators to bring their trademark Loyalty Card Plus card into Nevada casinos. The card is already used by three online gaming operators in New Jersey:  , PartyPoker and Golden Nugget.