Cryptocurrency coup for IGT
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International Game Technology has been granted a patent for technology that allows players to transfer Bitcoin between their casino and external accounts. The technology could be used to pay for land-based games such as Megabucks and Wheel of Fortune.
GT secured a patent for its technology. Phil O'Shaughnessy from IGT believes it will help his company cater to younger gamblers. About 44% of millennials are planning to purchase some form of digital currency over the next five years. Caesars Palace Las Vegas has a third of guests aged between 21 and 40.
Nevada Gaming Commission approved measures last year that allow players in Las Vegas to directly transfer funds from their smartphones to gaming machines. IGT has also received regulatory approval for a system that allows holders of its Resort Wallet loyalty card to deposit cash into land-based slots.
