3 Reasons to Use a Currency Counter at Your Casino (Updated 2020)

    Jan 13 2020

    Topics: Currency Counter, Canada, Casinos & Gaming

    Casinos deal with millions of dollars’ worth of coins and banknotes  on a regular basis. With so much cash coming through your doors, you must have an efficient way to count it. In this fast-paced environment, it's vital to your bottom line. 

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    Thankfully, there are plenty of cash solutions to help solve this cash management problem. A currency counter could be one of the best options, especially if you need more speed and accuracy in counting cash. You can be sure your cash is organized and managed properly, which benefits other aspects of your business as well. Here are three reasons to consider a currency counter for your casino.

    1. Give Employee Productivity a Boost

    Currency counters are ideal for the fast-paced and demanding casino setting. Specialized bill counters can process more than a thousand bills per minute. Coin counters can power through up to ten thousand coins per minute. As you may have guessed, that’s far faster than your human team can hope to count.

    Better yet, the automated counting process ensures accurate counts and tidy batches of cash, making storing and depositing your cash simple and easy. As the machine powers through the counting task, your employees don’t have to waste valuable time in the count room. Instead, they can spend time getting to the other tasks on the to-do list, or even spend more time with casino patrons and deliver better customer service.

    2. Save Money and Increase Profitability

    If your staff members count your bills and coins by hand, the likelihood that counting errors will occur increases. It’s all too easy to lose track and mess up the totals, leading to discrepancies that cost you money at the end of the day.

    With a currency counter, you reduce these chances. Why? Currency counters have error-free counting processes to ensure your money is always counted correctly. Not only are they faster, which saves time, they’re also more accurate. You can spend less time tracking down mistakes.

    With the machine’s help, you can be sure to keep more of your money in your bank account. That’s good news for your bottom line.

    3. Help Protect Your Casino from Fraud

    Today, most counters are enabled with added counterfeit detection technology, including ultraviolet and magnetic detection. Although authentic bills include security features to make detecting fraudulent banknotes easier, many of these features are not visible to the naked eye.

    Some expert counterfeiters can even duplicate some security features, leaving you vulnerable to fraud. When you place your bills in the currency counter, banknotes are checked for authenticity during the automated counting process. You’ll quickly be alerted to any suspicious bills that might have been passed on to your cashiers or attendants.

    Even more common than counterfeit bills is internal theft. Although you want to trust that all your employees have the business’s best interests at heart, the reality is you must hold everyone on your team accountable. Unfortunately, it can be difficult to detect these situations, especially when you’re still using manual processes.

    By automating the currency counting process, you can reduce these risks. Your employees have fewer opportunities to make mistakes and spend less time handling cash. You can also improve cash visibility and reporting, which makes it easier to hold everyone accountable.

    Leap into the Future with New Technology

    Casino managers should take advantage of today’s advanced cash management solutions. After all, they were built to make your business more efficient. Currency counters can add much-needed reliability, accuracy, speed, and efficiency to your cash management processes.

    Not sure if a currency counter is the right solution for your business? There are many other options designed to meet your unique needs. Get in touch with our experts and discover just how much technology can help.

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    Andrea Lombardi

    Andrea Lombardi

    Andrea joined the CashTech team upon its inception in 2003. Learning the business from the ground up, she now utilizes her expertise in account management, planning, and negotiation while managing the daily operations of CashTech’s sales, marketing, and logistics departments. Andrea holds a bachelor’s degree from the University of Western Ontario. She enjoys travelling and has a passion for personal fitness, including obtaining her kettlebell certification. Andrea lives in Toronto with her husband and two young sons.

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    CashTech Currency Products Inc.
    1040 Cardiff Boulevard
    Mississauga ON, L5S 1P3