Inside Asian Gaming

JAN 2019 INSIDE ASIAN GAMING 25 however, that land-based casinos can always provide a better gambling experience than their digital counterparts. As anyone who has watched James Bond can attest, there are few experiences that can match the adrenaline thrill of playing at a real gaming table in a physical casino, and if major operators are able to harness their competitive edge and combine it with a modern model of payment and technological infrastructure, then we’re going to see the playing field get far more even. A digital gambling currency, verifiable and redeemable outside of a gambling hall is, as several land-based casinos with increased revenue and attendance are already finding to their advantage, the ideal way forward. In principal, crypto, blockchain and e-wallets remove the bulkiness that is experienced when using cash and credit cards. The use of digital currency underpinned with a blockchain that provides fully trustworthy transactions moves the chance of a casino operator being defrauded by a bogus cheque or counterfeit money to close to zero. Additionally, nefarious actors will not be able to claim fraudulent chargebacks or refunds using verifiable crypto as it creates a perfect digital paper trail on a public ledger. The ramifications this new technology is going to have on player and casino trust will be revolutionary and have the potential to change the following adage forever: “The house always wins”. With an environment that offers each and every process in a fixed and verifiable action between player and operator backed by data points, a decentralised gambling-based platform has the ability to lower operating costs required to handle transactions, reduce the risk of fraud to close to zero and the chance to offer players far better odds than ever before, while simultaneously boosting an operator’s balance sheet.