20240046757. EXCHANGING CASHABLE CREDITS FOR NON-CASHABLE CREDITS simplified abstract (IGT)

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EXCHANGING CASHABLE CREDITS FOR NON-CASHABLE CREDITS

Organization Name

IGT

Inventor(s)

Dwayne Nelson of Las Vegas NV (US)

Kevin Higgins of Reno NV (US)

EXCHANGING CASHABLE CREDITS FOR NON-CASHABLE CREDITS - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240046757 titled 'EXCHANGING CASHABLE CREDITS FOR NON-CASHABLE CREDITS

Simplified Explanation

The abstract of the patent application describes a system and method that uses a host system to convert cashable credits to non-cashable credits without the need for an electronic gaming machine.

  • The system and method involve utilizing a host system to perform the conversion of cashable credits to non-cashable credits.
  • The conversion process is independent of an electronic gaming machine, meaning it can be done without the presence or involvement of such a machine.
  • The purpose of the conversion is to transform cashable credits, which can be exchanged for cash, into non-cashable credits that cannot be directly converted into cash.
  • The abstract does not provide specific details on how the conversion is performed or the technical aspects of the host system.

Potential Applications:

  • This technology could be used in casinos or gaming establishments to control the flow of cashable credits and prevent players from easily converting them into cash.
  • It could be implemented in loyalty programs or reward systems where cashable credits are converted into non-cashable credits that can only be used for specific purposes or within the system.

Problems Solved:

  • The technology solves the problem of players easily converting cashable credits into cash, which could potentially lead to money laundering or other illegal activities.
  • It provides a way for gaming establishments to maintain control over the value of credits and prevent unauthorized cash conversions.

Benefits:

  • The technology allows for better control and management of credits within a gaming system, reducing the risk of fraud or misuse.
  • It provides a means for gaming establishments to incentivize players to use their credits within the system, increasing customer engagement and loyalty.
  • The conversion process can be performed by a host system, eliminating the need for additional electronic gaming machines and reducing costs.


Original Abstract Submitted

systems and methods that utilize a host system to convert cashable credits to non-cashable credits independent of an electronic gaming machine.

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