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Compliance Updates

IGT’s Award-Winning Resort Wallet Cashless Gaming Technology Achieves Nevada Regulatory Approval

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IGT's Award-Winning Resort Wallet Cashless Gaming Technology Achieves Nevada Regulatory Approval

 

International Game Technology PLC announced that it furthered its leadership in cashless gaming technologies by completing the final stages of Nevada regulatory approval for its Resort Wallet™ module of the IGT ADVANTAGETM casino management system. With this achievement, IGT’s entire cashless gaming solution, which includes the option for one-step external funding via IGTPay™ on personal mobile devices, is approved for deployment throughout the State.

“IGT earning Nevada regulatory approval for our award-winning, fully integrated cashless solution is a perfect bookend for a year marked with tremendous momentum for our Resort Wallet and IGTPay cashless gaming modules of the IGT ADVANTAGE system,” said Ryan Reddy, IGT SVP Global PM VLT, Systems, Payments & Poker. “This milestone achievement will allow for players and operators throughout the State to enjoy the many benefits of cashless gaming and reinforces Nevada’s reputation as a future-forward gaming jurisdiction that is committed to advancing the player experience.”

With this approval, casinos in Nevada leveraging the IGT ADVANTAGE system can offer their players the option to fund their Cashless Wagering Accounts directly from their personal mobile devices, eliminating the need to handle cash or visit a casino cage, ATM or kiosk. With Resort Wallet and IGTPay, players can securely transfer funds to and from their Cashless Wagering Account from a range of external payment sources such as bank accounts, credit and debit cards or Sightline Play+ prepaid accounts. Funds within the PIN-protected Cashless Wagering Account can then be seamlessly transferred to and from a slot game with a simple tap of a smartphone when initiating or concluding cashless slot play.

IGT’s Resort Wallet and IGTPay solutions were recently named “Product Innovation of the Year” in the 2021 Global Gaming Awards Las Vegas, and in September 2021, IGT was hailed “Technology Provider of the Year” in the International Gaming Awards for its achievements with Resort Wallet and IGTPay.

Compliance Updates

Elys BMG Group Announces Approval for The Ugly Mug Sportsbook in Washington, DC.

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Elys BMG Group announced that The Ugly Mug in Washington D.C. has been granted provisional approval from the District of Columbia Office of Lottery and Gaming Regulation and Oversight Division (DCOLG) to open its sportsbook at 723 8th St. SE. As the fourth privately owned sportsbook venue in the District powered by Elys’ innovative Gameboard betting technology, The Ugly Mug stands as a testament to Elys’ commitment to bringing cutting-edge solutions to local businesses and sports enthusiasts.

The grand opening for The Ugly Mug sportsbook is anticipated to occur during the week of April 27th. Elys will unveil the grand opening festivities, promotions, and events as the date draws closer.

With easy access to sports wagering and a classic American menu in a relaxed setting, The Ugly Mug sportsbook is set to become a premier destination in the Navy Yard region of Washington D.C. and is another step forward for Elys becoming the leading betting technology provider for neighborhood sportsbooks in the US.

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Compliance Updates

eCOGRA Authorized to Offer Certification Services in Brazil

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eCOGRA, the Internationally renowned Independent Testing Laboratory, has been officially authorized by the Secretaria De Prêmios e Apostas (SPA) to operate as a certifying entity for betting systems, live gaming studios, and online games in Brazil. This announcement marks a significant milestone as eCOGRA continues to extend its international offering of iGaming testing, inspection, and certification (TIC) services in regulated markets across the globe.

The announcement comes two months to the day after eCOGRA received approval to operate as a Certification Laboratory in Peru. The organization now operates in 39 online gambling jurisdictions, including Buenos Aires City and Province, Peru, Mendoza, Colombia, and Brazil in South America.

Since its establishment in 2003, eCOGRA has been at the forefront of online gambling certification, providing assurance on fairness and safety to players while offering the highest standards in TIC services to industry operators and software providers seeking to comply with regulatory requirements. The approval to operate in Brazil reflects both the trust eCOGRA has built in the international iGaming community and the quality of its certification services.

Bradley Khoury, Chief Technical Officer of eCOGRA, said: “We are thrilled to bring over two decades of expertise in online gambling certification to the vibrant market of Brazil. This approval from the Secretaria De Prêmios e Apostas (SPA) of the Brazilian Ministry of Finance is not only a testament to our unwavering commitment to the highest standards of competence and quality but also marks an exciting new chapter for eCOGRA. We look forward to working closely with Brazilian operators and interested parties to ensure a safe and fair gaming environment for all players.”

The new Brazilian regulatory framework aims to effectively safeguard player interests and enhance the integrity of online gambling operations within the country.

“Brazil offers a dynamic and rapidly growing market, and we are excited to contribute to its development. Our goal is to ensure that Brazilian players have access to certified iGaming experiences, akin to what has successfully been implemented in other highly regulated jurisdictions,” Khoury added.

Operators and software developers offering in the federal Brazilian jurisdiction seeking to comply with the laws and regulations by undergoing testing, inspection, and certification can now turn to eCOGRA for their renowned services, assured of their commitment to quality, impartiality, and fairness.

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Compliance Updates

IGT and Acres to Resolve All Pending Litigation

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International Game Technology (IGT) and Acres 4.0, Acres Manufacturing Company, and John Acres (Acres) announced that effective April 12, 2024, they have reached an agreement to resolve all legal disputes between the two companies. Terms of the settlement have not been announced.

The resolution was reached in the US District Court of Nevada, directed to US patents that pertain to facilitating use of a financial transaction device in a cashless wagering system in a gaming system, and Nevada State Court directed to a breach of contract claims.

“IGT is pleased to reach a mutual agreement with Acres that resolves all disputes between us. This allows us to dedicate our collective resources where they are better served, driving continued innovation in the exciting and evolving cashless gaming space,” said Nick Khin, IGT COO Gaming.

“We are thrilled to put this matter behind us and work cooperatively with IGT to build exciting new gambling experiences that can increase both player enjoyment and casino profits,” John Acres, CEO of Acres, said.

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