The New Year is a time of celebration and a time of reflection. The end of the year represents a break in normal day-to-day operations and offers an opportunity for people and organizations to look back on the past and plan for the future. The gaming industry experienced a record-breaking year in 2021. To celebrate the role Pavilion Payments played in this growth, let's look back at our most popular blogs of 2021. These blogs provide lessons and insights into the gaming industry's major trends and changes in 2021.
Let's ring in 2022 with Pavilion Payments' top five blogs of 2021.
Nevada Gaming Commission Approves Pavilion Payments Regulation Change – August 27, 2021
Earlier this year, the Nevada Gaming Commission passed regulation 5.225, which requires new cashless wagering services to create a wagering account for patrons. These changes would negatively affect the customer experience and stifle the adoption of cashless gaming solutions nationwide. Pavilion Payments successfully appealed for an exemption from this regulation, ensuring that cashless payments would continue to define the gaming industry.
"Regulation changes rarely occur with the Nevada Gaming Commission, and while that is news within itself, the regulation change speaks to the forward-thinking and quality of the Pavilion Payments innovations."
Pavilion Payments secured Red Ribbon Patents for VIP Mobility™ and VIP Financial Center™. With these patents, Pavilion Payments can protect its ground-breaking technology from duplication and sale without Pavilion Payments' consent. Pavilion Payments can continue to innovate and redefine the gaming industry.
"Pavilion Payments will continue to invest time and resources in developing technology to improve the industry's cashless, contactless gaming options. As those developments become viable, actionable applications, Pavilion Payments will file more patents to protect its newly developed properties."
Industry Outlook: 2021 Gaming Predictions – January 12, 2021
The new year is a chance to look forward; this past year was no exception. In January, Pavilion Payments took a step back and made some predictions for the coming year. Chiefly, Pavilion Payments predicted a rise in cashless gaming, an explosion in iGaming, and a more welcoming regulatory environment.
"The digital revolution within the industry is expected to grow the iGaming sector and spark conversations among regulators looking to lead the industry forward."
Pavilion Payments Sets the Industry Precedent for Cashless Gaming – February 11, 2021
Pavilion Payments President Christopher Justice was featured on the cover of Casino Life Magazine. That issue's feature story, "Everybody's a VIP," explores how Pavilion Payments' products create an exciting customer experience. Pavilion Payments' cashless solutions allow patrons to get the whole casino experience, even as pandemic regulations make a typical casino experience impossible.
"As cash continues to lose its luster, casino operators should strive to implement contactless and mobile solutions that create an engaging experience for patrons."
Hey Patrons, Ditch the Long Lines and Opt for Mobile Funding – May 13, 2021
Pavilion Payments examines how waiting in line at the cage can dampen a patron's experience and which solutions can resolve this problem. Pavilion Payments' products like VIP Mobility eliminate the need for physical cash and cut down on time spent in line.
"Employing the appropriate gaming technology in the casino is key to creating a quality guest experience. Operators should also work to fuel the excitement of a guest from the moment they walk into the casino to the moment they leave… In areas with multiple casinos, ensuring the guest feels as though their needs are taken care of, and they know a familiar face or two in the casino will keep them coming back."
Subscribe to the Pavilion Payments' blog to read about the latest gaming payments innovations. Happy holidays and have a happy new year!