Forget cash? Vegas gaming firm now accepting credit/debit cards

Well, kind of. Cantor Gaming is the first operator of race and sports books to accept plastic for funding an account, which is similar to getting a cash advance on your credit card and transferring money into an account. That's different from charging for individual race of sports bets, which remains prohibited. The change coincided with the NCAA Tournament. From the Las Vegas Review-Journal

"I see it more as an evolution of the gaming business," said David G, Schwartz, director of the Center for Gaming Research at the University of Nevada, Las Vegas. "You can already use your credit card to get a cash advance at a casino." Schwartz said in a society that is moving away from cash in general, the next step for the gaming industry is to offer slot machines and other games that accept credit and debit cards. He said the casino industry has trailed society at large when it comes to accepting credit cards.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
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