Euronet Worldwide, Inc. Announces Minority Ownership in Las Vegas Company Marker Trax™ and Its Disruptive Digital Casino Marker System
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Euronet Worldwide has signed a definitive agreement that gives the company minority ownership in Marker Trax, LLC. Markers TraX is a Las Vegas-based fintech company that is disrupting the multibillion dollar gaming industry with a digital casino marker system. The company is active at U.S.-based commercial and tribal casinos. The North America gaming market is expected to generate more than $100 billion in revenue in 20221.
Marker Trax is a digital solution for casino markers. It is convenient for patrons and efficient for casinos. MarkerTrax provides casinos with the tools to manage marker underwriting and repayments.
Euronet Worldwide, Inc. has minority ownership in Las Vegas Company Marker Trax. Markers TraX is a disruptive digital casino marker system. It is available to more than 150 casinos, representing 15% of the U.S. commercial and tribal casino market and its tens of millions of casino patrons. In 2022, many large scale operators are adding cashless options to their casino floors. The REN payments platform provides the MarkER Traxt solution with speed and scalability.
REN provides scalability and transaction speed for Marker Trax. REN also powers many key features in the Markers TraX solution. Ren is able to step outside its role in financial services industry and enable a fintech to pioneer a ground-breaking solution in another industry.
Marker Trax is a cashless, digital alternative to a casino marker. It was developed and patented by the company’s founder, Gary Ellis, in 2018. The MarkerTrax system allows players to be scored and given access to their markers in minutes.
Euronet Worldwide, Inc. has minority ownership in Las Vegas Company Marker Trax and its Disruptive Digital Casino Markers System. Euronet is a leading global financial technology solutions and payments provider. It offers payment and transaction processing solutions to financial institutions, retailers, service providers and individual consumers. Its global payment network is extensive, including 48,619 ATMs, approximately 343,000 EFT POS terminals and a growing portfolio of outsourced debit and credit card services.
