Web app provides instant details and a complete history of all casino and gaming property closings and reopenings in the U.S and Canada since the COVID-19 pandemic

The next generation of a new web app showing the full history of more than 2,000 casino and gaming property closings and 1,500 reopenings was released today at GamingDirectory.com/COVID-19/ as a free service provided by Casino City Press.

The application features interactive U.S. and Canada gaming industry reopening maps color-coded to show the percentage of properties reopened in each state and province. The maps show current reopening status or the status on any day since the pandemic began. They can also be toggled to display commercial vs. Indian gaming property statuses. Drilling down to state and province maps displays individual gaming property locations and reveals detailed property profiles.

The app charts the closing and reopening of the gaming industry over time. On March 1, 2,192 casino and other gaming properties were open. Almost every property was closed for the entire month of April before properties began to reopen in May. By June 1, 744 properties were open and on July 1 that number had more than doubled to 1,583. Separate charts covering Indian, Commercial, United States and Canadian gaming are provided.

A variety of summary tables are also available. One table summarizes the current number of open and closed properties by state and province and property type. The table can be ordered to show which states have the most open or closed properties, or which have the largest or smallest percentage of reopened properties, either for all or for just Indian or commercial properties. Another summary table lists recent reopenings together with property-specific details such as closing and reopening date and property type and location with a news article covering the property reopening.

Comprehensive tables are provided for every state and province. In total, 2,187 properties are currently covered in the tables (2,002 in the United States and 185 in Canada). The tables can be sorted by property name, location, closing or reopening date, current status and property type. Detailed profiles are provided for each property with information ranging from a property’s address, owner and contact information to property demographics like the number of gaming machines to links to articles about changes in the property’s coronavirus status from our vast collection of nearly 2,500 news articles, press releases and other source documents.

“We are pleased to enhance access to our continuously updated information about reopenings as they occur through our enhanced complimentary COVID-19 web application that now offers a new emphasis on the history of closings and reopenings,” says Michael Corfman, Casino City Press CEO. “From the very beginning our dedicated research team has been investigating and chronicling the closing and reopening of gaming properties in the wake of the coronavirus pandemic in the United States and Canada.”

First-in-class tax and auditing application, built in just six months, enables casino industry to streamline workflow, reporting, and compliance with federal mandates

Mendix, a Siemens company and the global leader in low-code for the enterprise, today announced that CasinoSoft, a Nevada-based software development firm, has built a first-in-class, scalable compliance and taxation software package using the Mendix low-code platform. The package, ComplianceCore, digitizes and automates the extensive data collection and reporting required of casinos and card clubs operating under the U.S. Treasury Department’s anti-money laundering auditing rules, also known as Title 31 compliance.

Nearly 1,000 commercial and tribal casinos and card clubs in the United States comprise the $261 billion gaming industry. Those posting annual revenue of $1 million or more are subject to the same stringent oversight by the U.S. Treasury Department’s crime enforcement division, FinCEN, as are U.S. banks and other financial institutions. These federal regulations were put in place by Congress and strengthened after 9/11 to prevent criminal money laundering, terrorist financing, and other suspicious behaviors that would otherwise be obscured by the high volume of casino-based currency transactions. Fines for businesses not complying with FinCEN’s daily  data collection and annual auditing requirements can add up to tens of millions of dollars.

“The majority of casinos are paper factories that generate massive piles of paperwork on a daily basis,” said Matt Montano, CasinoSoft’s CEO. “There is simply too much financial data coming from too many sources on the casino floor for employees to aggregate by hand and review. Regarding the casinos that do have enterprise financial systems, they’re often tied into backend legacy systems that are hard to update when technology improves or regulations change. Resource-stretched IT teams usually limit their upgrades of a casino’s  workstations to once every two years.”

CasinoSoft built the three ComplianceCore modules in just six months, from scratch, using the Mendix low-code software development platform. Low-code is a visual development approach to application development that enables developers of varied experience levels to create applications for web and mobile, using drag-and-drop components and model-driven logic through a graphical user interface. CasinoSoft chose Mendix particularly for its open architecture and its collaboration and rapid development capabilities.

“Mendix’s underlying architecture enables our solution to integrate all the disparate sources of data generated by casino operations into a Mendix-built backend,” said Montano. “We can deploy quick functionality enhancements on the fly and do system upgrades five or six times a year.”

ComplianceCore dramatically reduces the amount of time casino staff spends on data collection and reporting for each gaming “day” (equal to a twenty-four-hour period).

“Data that formerly required days to crunch and organize is now completed in two to three hours. This gives the staff more time to focus on enhanced due diligence and other suspicious activity,” said Montano. CasinoSoft’s software package has been deployed in 12 casinos nationwide.

Three Modules Tackle Federal Reporting Requirements

The ComplianceCore software package consists of three standalone modules:

• ●  Title 31 reporting package integrates disparate streams of financial transactions into a Mendix-built backend that is aggregated daily.
• ●  Tablet Tax Forms digitizes and automates the IRS reporting requirements of any prize or jackpot above a $1,200 threshold.
• ●  Document Automation automatically sorts and files scanned paper documents according to a player’s profile, account and federal filing status.

Zeroing in on Potentially Illegal Transactions

Casinos document every transaction above a minimum threshold, excluding food, beverages and merchandise. An individual’s aggregated daily spending of $10,000 or higher requires a Title 31 CTR filing. “Imagine trying to aggregate that from all the pit bosses and cage tellers into a single, cohesive property-wide log,” said Montano.

The ComplianceCore package also flags patterns that FinCEN classifies as suspicious activities. These include chip walking, which is when a player leaves without redeeming a large number of chips. Players who slowly redeem a large number of chips over a period of days are said to be structuring — perhaps to underreport IRS filings. Another red flag, called minimal play, is triggered when a customer buys a large number of chips with cash and places a few minor bets before cashing out a near majority of the chips. These behaviors may be an effort to disguise illegally received, traceable currency as a gambling win — in other words, money laundering.

Montano added “Casinos must intercede. They have no choice. Our platform gives casinos the tools and the horsepower to efficiently handle this regulatory burden.”

“We are glad CasinoSoft’s developers could leverage the Mendix platform to streamline and improve the industry’s data monitoring, aggregation and reporting,” said Johan den Haan, Mendix’s chief technology officer. “CasinoSoft’s ComplianceCore application package is a great example of how the truly open architecture at the core of our low-code platform enables developers to leverage core and legacy systems and data with brand new technologies that push the envelope of the possible. In today’s world, we know there’s no such thing as a free-standing, self-contained or isolated software application. A high degree of enterprise-grade interconnectivity is imperative to address ever-evolving needs within disparate technology landscapes.”

SOURCE Mendix