Casino Verification Regulations in Nevada Changed by State’s Gaming Commission

https://thefintechtimes.com/casino-verification-regulations-in-nevada-changed-by-states-gaming-commission/
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Regulation and security surrounding gambling are of the utmost importance due to the nature of high transactions that can be seen made. In our ever digitising world however, the need for physical verification in the state of Nevada for new customers to create an account has been removed following the Nevada Gaming Commission‘s approval of Sightline‘s petition to change the state’s gaming regulations.

The new regulation allows Nevada casino patrons to create their wagering accounts and verify their identity remotely by uploading a government document. Before this regulation change, cashless gaming customers at Nevada casinos needed to physically verify their identity with a staff member, resulting in delays and a suboptimal consumer experience. This change only impacts the creation of casino wagering accounts and will not affect current practices for creating sports betting accounts in Nevada.

The Nevada Gaming Control Board unanimously voted to recommend the remote identity verification for wagering accounts change to the Nevada Gaming Commission after holding two workshops in November and December 2021. Nevada regulators continue to make changes driving cashless gaming innovation following their June 2020 decision to allow cashless gaming within Nevada casinos.

“We are grateful to the Nevada Gaming Commission for their unanimous support of this regulatory change allowing remote identity verification for wagering accounts in Nevada,” said Omer Sattar, Co-CEO of Sightline Payments. “Continuous innovation is critical to ensure Nevada remains at the forefront of gaming, and we could not do that without the support of our regulators. I would like to thank all the members of the Nevada Gaming Commission and Nevada Gaming Control Board for their efforts, and I would like to specifically thank Gaming Control Board Member Phil Katsaros, who was a champion of this change.”

“This shift to allow for digital identity verification for wagering accounts allows Nevada’s gaming industry to leverage the best practices from across the financial services industry to enhance customer security and the customer experience,” said Jennifer Carleton, Sightline’s Chief Legal Officer. “Nevada’s new regulation is in line with federal guidance permitting both new verification methods including knowledge-based authentication, as well as traditional documentary measures such as a customer’s driver’s license or passport. We look forward to working with regulators in gaming jurisdictions across the country to advance similar regulatory innovation.”

Sightline first submitted its petition to modify Nevada regulations for casino wagering accounts for cashless gaming in late 2020. Sightline resubmitted its petition to modify Nevada Regulation 5.225 in September 2021 following successful launches of cashless gaming at Boyd Gaming’s Aliante Casino in North Las Vegas and Resorts World Las Vegas. The change will enable Sightline to implement digital identity verification on behalf of its operator partners in Nevada.

  • Francis is a junior journalist with a BA in Classical Civilization, he has a specialist interest in North and South America.

https://thefintechtimes.com/casino-verification-regulations-in-nevada-changed-by-states-gaming-commission/