Will Credit Card Pave Way for Cashless Casino?
A new credit card is soon to make its debut in Las Vegas.
Kenilworth Systems Corp. of Plainview, N.Y., has spent five years and $5.5 million developing a card that can be used in a slot machine.
No more nickels, dimes and quarters. Playing with plastic becomes as easy as using an automated teller machine. In the cashless casino of tomorrow, the gambler will first make a deposit--or obtain credit--from management and receive a card encoded with special ink. Once inserted in the slot machine, the card activates the central computer, which can track 3,000 simultaneous bets each six seconds. After the gambler has finished playing, he or she must enter a personal identification number into the machine to withdraw any money.
The current versions can pay off either in cash or by crediting the card, although the company hopes eventually to eliminate cash. When the slots go all-electric, a recording will provide the sound of clinking silver when there is a payoff.
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