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Sara Slane, senior vice president of public affairs at the American Gaming Association — the trade body that represents casinos — said that the industry is still probably five years behind where it would like to be with regards to non-cash payments. This has become problematic in recent years as federal law enforcement agencies, led by the Financial Crimes Enforcement Network FinCENhave begun putting pressure on casinos — which offer banking-type services like lines of credit and are regulated under the Bank Secrecy Act — to tighten up their anti-money laundering efforts. Opening doors To this end, Burnett explained that the NGCB allows its licensees to operate bitcoin kiosks on their properties as long as the funds are used for non-gaming purposes. The first thing you have to pay attention to is whether the casino meets your gaming demands. While there has been some movement in Curacao, the UK and Malta recently, the use of cryptocurrencies in a legal and strongly-regulated gambling environment like the US still remains largely at the conceptual stage. Interested in offering your expertise or insights to our reporting?
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