Swedish gambling operator Svenska Spel has launched IGT’s cashless gaming product, allowing customers to fund their Video Lottery Terminal (VLT) from their smartphones. 

Players logged into a Svenska Spel VTL will be able to withdraw funds from their bank accounts, via Swedish payment platform Swish, before approving it and funding their lottery play. According to IGT, it will pave the way for a new era of cashless gaming in Sweden. 

Commenting on the launch IGT Senior Vice President and COO GTech International, Declan Harkin, said:

“Svenska Spel is at the forefront of innovation with IGT’s cashless gaming solution. This ground-breaking technology introduces a contemporary consumer experience to land-based gaming in one of the most progressive societies in the world.”

Svenska Spel now operates almost 5,000 IGT VLT’s in Sweden, with the first being installed in 2006.  

Staying with Svenska Spel, last week we reported the operator had extended its partnership with the Swedish Sports Federation. 

AYO.NEWS says:

It is almost certain that the COVID-19 crisis will accelerate the move towards cashless societies in many countries, so IGT’s technology could find plenty of demand over the coming years.

It’s also interesting to see how this kind of system is closing the gaps between land-based and online gambling – bringing the two together. After all, if you’re going to use a video terminal, and you’re going to pay cashless via your smartphone, it’s only a small step further to play completely online. 

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