Cash Challenges Casinos Face and How to Fix Them (Updated 2019)

    Jan 01 2014

    Topics: Casino

    For those in the casino and gaming industry, money is what makes the world go round. Of course, this isn't groundbreaking news. What can be earth shattering is when security issues start to impede on your ability to run and manage a successful gaming operation.

    Download our free guide for CFOs to find out how cash handling is affecting  your bottom line.

    While mitigating every risk simply isn't possible, understanding the issues and the way tools like a coin counting machine can help you get back on track, give you the right foundation to fortify your approach and reduce these problems as much as possible. 

    Miscounts and Inaccurate Money Totals

    The first major problem centers on the simple act of counting money and closing out your day. Unfortunately, the old saying goes "to err is human," and your employees aren't exempt from this standard.

    Even with the most dedicated staff members, coming up short on totals can lead to some major issues, especially if the problem happens on a consistent basis. Using money counters to check and double check these totals, thereby helping to cut down the risk of miscounts, keep your bottom line healthy and accurate moving forward.

    Dealing Yourself the Winning Hand

    With all of this information in hand, what is the next step? To start, consider taking a proactive approach. 

    Unfortunately, many companies only react to these issues instead of stopping them before they start. This is where the aforementioned proactive approach comes into play. Take the necessary steps now to divert these problems and ensure the long term success of your gaming operation. 

    The-Most-Common-Cash-Handling-Mistakes-&-How-to-Avoid-Them

    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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