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Board clears Penn Entertainment to broaden in‑house tech, approves M Resort cashless/wallet testing and manufacturer condition changes
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Summary
The board agreed Dec. 3 to modify manufacturer/distributor conditions for the M Resort and related Penn Entertainment properties to allow expanded in‑house development of cashless wagering and promotion systems, subject to testing, lab review and documented responsibilities for vendors and licensee.
The Nevada Gaming Control Board recommended approval on Dec. 3 of changes to manufacturer and distributor license conditions for Penn Entertainment properties (the M Resort and associated locations) that will give the operator more flexibility to develop and deploy in‑house technology, including its cashless wagering and promotion systems.
Penn representatives told the board the modification aims to remove an operational restriction that had forced Penn to rely on third‑party manufacturers for small reporting customizations. Christopher Soriano, Penn—s vice president and chief compliance officer, said the company has been developing a cashless, contactless wagering system to integrate components from multiple vendors and needed the license modification to streamline reporting and deployment. "We—ve developed a cashless wagering system...bringing together components from a number of different manufacturers into an integrated system," he said.
Penn also described KYC and source‑of‑fund protections. A company technical representative explained the system is based on a digital wallet model and uses additional KYC at account creation plus payment‑provider checks. "It—s based on a concept of a digital wallet, similar to like you—d see with Venmo or PayPal," the representative said, adding that customers can fund a wallet at the cage, by card or by bank transfer and then use Bluetooth or app commands to load a slot machine.
Board staff and the gaming laboratory reviewed proposed language to ensure external test‑lab approvals and minimum internal control standards remain intact. The board added an explicit condition requiring documented responsibilities among Penn, vendors and any manufacturer that assumes responsibility, and retained lab reviews for associated equipment and interactive systems. The board also required that key‑employee applications be filed for the licensed locations within 60 days.
Member Sandahl said the changes will help innovation while maintaining the board—s safety checks; the motion to recommend approval passed unanimously.
