Sightline, a leading fintech company, is revolutionizing the way casinos view their entire slot floor with its new product, Deposit+. Desposit+ by Sightline gives casinos daily access to cash idle on slot machines and TITO kiosks, and empowers operators to use that cash as operating capital.
“There’s about $3 billion in slot cash and $2 billion in TITO awaiting reinvestment in the U.S. casino industry. Deposits+ gives operators access to that cash, freeing up stagnant capital, maximizing cash flow and putting the entire industry in a strong reinvestment position,” said Omer Sattar, CEO of Siteline.
Deposit+ has no hardware or software requirements, and Deposit+ allows you to bank whatever cash you have in your casino slot machine or TITO kiosk to prepare for daily reinvestment. In other words, there is no capital cost to start using this product. 파친코
Casinos are no longer tied to drop schedules, and since cash is deposited into bank accounts, operators can optimize drop schedules, reducing labor costs.
Deposit+ is not a loan product, it simply gives operators day-to-day access to cash left on the machine. Deposit+ enables operators to obtain routine temporary credit across slot devices, reduce outstanding debt, and make additional investments without incurring additional debt.
“For decades, casino operators of all sizes have had difficulty finding ways to use the cash on slot machines. So far, that cash and its potential remain untapped. Now we’re excited to introduce Deposit+ and add another powerful tool to our operator’s bottom line,” said Tom Pierro, SVP for Product Management.
Sightline’s Deposit+ gives casinos fast access to all cash across the slot floor, giving them daily temporary credit. The solution works with the casino’s existing CMS and daily call reports trigger prepaid deposits through Sightline’s system.
“At Sightline, our banking and development experts continue to innovate for our casino partners, helping them maximize their opportunities. Now with Deposit+, operators finally have the solution they’ve been waiting for, they’ve got access to cash, they’ve got faster debt payments, and they can invest without incurring additional debt,” said sales SVP Kirk Olson.