Love your Apple Watch or Touch ID-enabled iPhone? Then we’re guessing you love Apple Pay, the innovative payment system that allows you to pay for goods and services all over the world. As Apple continues to expand its list of establishments that accept Apple Pay, one thing noticeably missing from the list has been casinos. But that’s about to change.
Cosmopolitan Resort in Las Vegas has revealed that they’re working hard to be the first casino to accept Apple Pay on their property. Once set up, Apple Pay will let hotel and casino guests pay for good and services at the front desk, restaurants, and bars. The system is supposed to be up by this June.
This is really convenient. I don’t yet have an Apple Watch, but the fact that I don’t have to take out my wallet to pay for things like coffee or pretty much anything else is a big deal. I’m always on my phone, so it’s proven to be really useful for paying for stuff.
But while being able to pay for drinks at the casino bar without the hassle of having to deal with taking out my credit card is pretty sweet, what would really be a game changer is Apple Pay at the tables.
Imagine bringing $100 to the Blackjack table. That’s all that’s in your wallet. You blow through that $100 pretty quickly. You can either quit for the day or head to the ATM. No matter what you decide, you need to leave your chair. And if you do get up to use the ATM, the casino risks you second-guessing yourself and deciding to call it a night. That’s potential revenue lost for them.
Now imagine you didn’t have to get up to use the ATM. Imagine you can tap your phone at the table and buy chips. With Apple Pay, that could soon be a reality. The casino would benefit because there would be no second-guessing. And players would benefit because they can continue enjoying the game without missing a beat.
However, one issue I see is problem gambling. Many checking accounts come with a withdrawal limit. But that doesn’t necessarily exist with point-of-purchase transactions. If Apple Pay were to be accepted at the tables, I’d like to see casinos set a daily cap, or at the very least have the banks do so.
Remember, at online casinos like Slots of Vegas, we set daily deposit limits. It’s only responsible for casinos to do the same should they decide to improve the convenience factor associated with playing casino games for real money.
What do you think? Would you use Apple Pay to top up chips at the casinos in Las Vegas? Or do you prefer the old fashioned method of hitting the ATM? Sound off and let us know.