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Sightline Payments LLC introduces Deposit+ for slot machines, TITO kiosks

October 9, 2023 World Casino & HoteliGaming & Gambling

Sightline Payments LLC, a fintech business, has unveiled “Deposit+,” a cutting-edge system designed to help casinos use idling money from slot machines and ticket-in-ticket-out (TITO) kiosks.

Deposit+, in contrast to many other alternatives, doesn’t need any more devices or software, making it possible for casino operators to increase their working capital.

Through Deposit+, operators may reduce their existing loans, make further investments without taking on more debt, and get daily temporary credits from slot machines.

Omer Sattar, CEO of Sightline, emphasized the significant potential, saying that $2 billion in TITO finances and almost $3 billion in slot cash are available for reinvestment in the U.S. casino business. Operators may now access these funds thanks to Deposit+, freeing up capital, improving cash flow, and putting the sector in a strong position for reinvestment possibilities.

Deposit+ connects without a hitch with the casino administration platforms already in place. An advanced deposit procedure is started by a daily currency report via Sightline’s system, and the credited funds are then sent right into a registered bank account. This feature increases the product’s attractiveness to the gaming sector by enabling operators to optimize their drop schedules and save labor expenses.

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Original story by: GGRAsia

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