For casinos around the country, the checklist for reopening can be complex, but one item of importance is cash on hand. While many are reopening under a hybrid approach, as we wrote about in a previous blog, how much physical cash to have available still needs to be clarified.
So far, casino guests have welcomed re-openings and flocked to their local casino in more significant than-expected numbers, and cash demands have been high. Since financial institutions and armored carriers require advanced notice, we wanted to share our experience. We have seen an increased cash demand of 3-4x for ATM Cash and 2-3x for cash services. While there's no guarantee that all reopening casinos will see the same positive success, your management team must value the downside risk of running out of cash.
To all of our customers reopening soon, we stand ready to assist you and wish you success.