IGT and Svenska Spel roll out cashless gaming service in Sweden

21 May 2020

International Game Technology (IGT) has announced the launch of its cashless gaming technology at Svenska Spel venues across Sweden.

Under the arrangement, IGT will combine its Intelligen systems with IGTPay technology, enabling consumers playing on video lottery terminals (VLTs) to deposit funds from their mobile device.  

Svenska Spel recently rolled out IGT’s Intelligen VLT software and Quasar VLTs, with players able to register for and log into the machines, as well as fund their play using Swedish banking and identification solution BankID.

Players can also make withdrawals via IGTPay, with Svenska Spel able to return any available funds directly back to the player's bank account instantaneously after a withdrawal request is made.

“Launching IGT’s cashless product provides our players with a reliable, cutting-edge cashless solution that connects directly with the Swish mobile app, helping us drive efficiencies while responsibly advancing the player experience,” Svenska Spel’s director of VLT operations Magnus Lannersund said.

IGT has provided VLT technology and related services to Svenska Spel since 2006

Ryan Reddy, vice president, systems and payments products at IGT, added: “As the relevance of cashless and contactless gaming innovations continues to grow, technologies such as IGT Intelligen with IGTPay become critical components of the player experience, and solutions that can bring tremendous value to our global customers.

“We have established a dedicated payments team to ensure that customers such as Svenska Spel are equipped with IGT solutions and services that deliver modern payment options that align with consumer expectations and future business opportunities.”