VIE 3 DE MAYO DE 2024 - 08:16hs.
With its platform Fuzion

JCM ready for potential use of cryptocurrency in casinos

JCM Global says it is already prepared for a casino environment in which cryptocurrency can be accepted as a payment method. The firm states its multi-tasking casino floor platform Fuzion has the capability to process transactions made via cryptocurrency, were gaming regulators in specific markets wiling to authorise and regulate such business. “But a lot of that has to do with regulatory considerations,” said Ian Wood, Asia gaming business development and sales manager at JCM Global.

“We have some technology products such as Fuzion which are able and would be able to interact with cryptocurrency if and when the time comes when it is introduced into gaming environments,” he detailed.

Wood was speaking to GGRAsia at the recent MGS Entertainment Show 2018 in Macau, an event that included a casino industry trade exhibition and conference.

JCM Global has previously outlined that its Fuzion platform can incorporate, respectively: slot machine games; the capability to buy and redeem lottery tickets; wagering on races and sports; wagering on fantasy sports; real-time currency exchanges; and streamline tax form processes for player wins in those markets that require such reporting.

The subject of blockchain technology – commonly associated with the use in commerce of digital tokens of value including cryptocurrency – came up during an MGS conference session. During the event, Hong Kong’s Alphaslot promoted the use of blockchain technology and digital tokens associated with blockchain as an effective and secure way to transact authorised gambling and gaming business.

Macau’s financial regulator, the Monetary Authority of Macau, has previously noted that cryptocurrency was neither regulated in Macau, nor “a financial instrument subject to its supervision”.

At MGS 2018, JCM Global’s focus was on its core products for the Asia-Pacific casino market, namely the iVizion bill acceptor for slot machines and electronic table games, and its GEN5 thermal printer, also for electronic games.

“The iVizion we have been promoting for the last six years in Asia, and it’s gained a strong foothold. We actually have exclusive iVizion contracts with a number of companies in Macau and throughout Asia,” Wood told GGR Asia.

JCM Global was “quite happy” to package its iVizion and GEN5 products “into deals for new projects” in the region, he added, referring to casino venues slated or under construction in Asia Pacific.

Source: GMB / GGR Asia / Picture: GGR Asia