Everi Holdings has patented a method for providing casino credit to players through a secure system. The instrument allows access to funds for gaming or purchases, with controls to manage credit usage. This innovative solution offers convenient funding for players while minimizing risk for casinos. GlobalData’s report on Everi Holdings gives a 360-degree view of the company including its patenting strategy. Buy the report here.
According to GlobalData’s company profile on Everi Holdings, Cashless payment settlement was a key innovation area identified from patents. Everi Holdings's grant share as of May 2024 was 43%. Grant share is based on the ratio of number of grants to total number of patents.
Casino credit access instrument for players
A recently granted patent (Publication Number: US11948429B2) outlines a method and system for providing casino credit to players within a gaming system. The method involves accepting credit applications from players, determining eligibility based on qualifying criteria, issuing a casino credit instrument with defined controls, and allowing players to access funds for wagering on gaming machines. The system includes a database storing player credit information, an account server processing player requests for funds, and controls to limit access to credit based on various factors such as transaction limits and player identity.
The patented method and system offer a structured approach to providing casino credit to players, ensuring responsible use within the gaming environment. By defining controls such as maximum fund limits, freezing access when requests do not comply, and incorporating jurisdictional transaction limits, the system aims to prevent misuse of credit instruments. Players can access funds for wagering on gaming machines, with the system tracking unpaid balances and player identities through loyalty accounts. The system also includes provisions for credit limits, access periods, and settlement details, enhancing transparency and accountability in credit transactions within the casino environment. Operated by a casino vendor, the system communicates with gaming machines to facilitate the transfer of funds and maintain accurate credit balances for players.
To know more about GlobalData’s detailed insights on Everi Holdings, buy the report here.
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