Coinless has been widely discussed in Las Vegas, and made its first appearance more than five years ago at the MGM Grand hotel-casino. The machines were quickly pulled from the MGM Grand's slot floor because of low customer acceptance. Maloof believes some portion of the market may now be ready. But there's a certain person that doesn't want to mess with coins any more. That's perfect for them.
Casinos remain keenly interested in the machines because of the incredible savings they represent.
Andrew Hatherly, analyst with Las Vegas Investment Advisors, notes that these costs are accelerating because of the explosion of the nickel slot machine. These slot machines now represent 28 percent of Nevada's total slot inventory, up from 25 percent. While total slots grew by 4 percent, nickel slots grew 18 percent. There's certainly a big push for coinless now. Casinos have a tremendous stake in getting rid of metal currency on the floor.