Las Vegas-based gaming disruptors Koin Payments and Marker Trax have partnered with Minnesota’s Table Trac, Inc. to introduce cashless payment solutions to the company’s innovative KTMobile™ app.
The collaboration will allow CasinoTrac’s Cashless in a Box™ solution to offer customers a single, digital wallet for all of their resort spend activities, including gaming, food and beverage, and retail. Additionally, Marker Trax integration will give customers access to digital marker functionality, in approved markets.
“Gaming customers want the functionality of being able to handle all their transactions from a single touchpoint, the same way it’s available in nearly every other facet of their lives,” said Koin President Gary Larkin. “Koin and Marker Trax have been at the forefront of bringing consumers the digital solutions they want in the gaming space, and we’re proud to work with partners like Table Trac who share that vision.”
“Cashless is no longer the industry’s future; it’s the present,” Marker Trax President Charlie Skinner added. “Companies like Table Trac are embracing this technology and all-in-one functionality for the ultimate benefit of their customers, and of the industry as a whole.”
“When we filed for our first patent on what has now become KT Mobile in 2018, I wanted to bring the entire player rewards experience from the game screen to the player’s phone,” said Chad Hoehne, Table Trac Inc. President. “Embedding Koin and Marker Trax financial services functionality within the reliable and proven CasinoTrac CMS is the realization of my original vision.”
For years, even as more consumers have come to depend on a digital wallet experience for their day-to-day spending habits, the gaming industry has been slower to adopt such technologies. With this partnership, and Table Trac’s Cashless in a Box solution, Marker Trax and Koin leaders say the digital wallet experience has arrived in gaming. Using Table Trac’s patented digital currency transfer solution, and with the benefit of Koin and Marker Trax integration, customers will now have full cashless functionality throughout a property.
“The convenience and security this will bring our customers is unprecedented,” said Table Trac Senior Vice President of Commercial Strategy Jeff Baldi. “Working with Koin and Marker Trax to bring Cashless in a Box to our customers means every action they can take in the resort – from transactions at the club counter and kiosks to wagering on the gaming floor – can be done from their mobile device.”
Along with the technological and convenience advantages, adopting operators also tout the additional health and safety benefits of this emerging technology. All-in-one digital wallet platforms in the gaming space create fewer physical touchpoints, and cut down on the amount of cash a customer needs to have on hand.
This partnership marks the latest milestone for both Koin, whose digital wallet solutions allow patrons to fund and access their accounts in any way they choose, and Marker Trax, creators of patented technology that provides instant digital casino marker funds to gaming customers. Table Trac is also in a period of remarkable growth, coming off a record revenue year in 2022, and maintaining its place at the forefront of cutting-edge casino information and management systems.
About Marker Trax, LLC
Marker Trax is a cashless, digital alternative to a casino marker. The product is the first of its kind to offer regulatory-compliant casino marker technology that takes inefficiency out of issuing advances and provides casinos with the tools to manage their casino credit underwriting and repayments. Developed and patented by the company’s founder, Gary Ellis, in 2018, Marker Trax makes for a more efficient gaming experience for players. The Marker Trax system allows players to be scored and given access to their markers in minutes. For more information, visit markertrax.com.
About Koin Payments
Koin is transforming the payment solutions landscape with a seamless, secure, and economical way for patrons to fund gameplay and make retail purchases using their mobile devices. With the unique Koin network, casinos and resort operators can enjoy a fully integrated payment management solution for cage, table games, sportsbook, and retail transactions. Innovative payment methods, including bank ACH transfer, Venmo, direct deposit, and Marker Trax digital credit, significantly reduce merchant processing charges and cash-out activities while providing extended revenue opportunities both in and out of the resort. Koin is leading the way in transforming the gaming resort experience for the digital age. Learn more at koinpayments.com.
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. designs, develops, and sells casino information and management systems. The company has systems installed in North, South, and Central America, as well as the Caribbean. More information is available at http://www.tabletrac.com/.