Balancing better payment options with compliance concerns
Casinos across Asia must find a way to balance innovative new payment solutions with a labyrinth of multi-jurisdictional AML, compliance and responsible gaming requirements, according to a number of industry insiders.
Payments has long been one of the most important but least talked about topics within the gaming industry.
One supplier told AGB on condition of anonymity that innovation in the payments space “remains a thorny issue”, adding that while operators don’t want to lose customers, the need to adhere to strict AML requirements tends to take precedence.
However, in recent years a number of payments providers have entered the Asian market with the promise of new products designed to smooth transactions between customers, banks and casinos, and make it easy for customers to spend on the casino floor.
One of these providers is Everi Holdings, a New York-listed payments giant with a large Asian footprint. Everi provides its payments Compliance product in...
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