OKTO Signs Agreement with Light & Wonder

OKTO, the payment services company, has announced an agreement with Light & Wonder, a leading gaming platform provider, which will bring cashless payments to Light & Wonder’s gaming machines in the bingo, AGC, LBO and casino sectors across the UK.

OKTO’s CCO, Simon Dorsen, called the agreement a “major success” that represents a “ringing endorsement” of the OKTP payment platform, its performance, integrity and capabilities.

We went on to praise Light & Wonder as a “hugely respected innovator” and as such, explained that they are excited about the partnership. The partnership itself will enable operators to offer their players cashless payments on gaming machines. This means that players in a casino, or any other venue, will simply need to login to start playing.

Dorsen also highlighted OKTO’s commitment to responsible gambling. He explained, “OKTO payment platform is fully equipped with a safer gambling toolkit as well as a powerful RegTech API that manages all KYC, AML, and fraud queries, providing all the features that enable operators to remain compliant and uphold the highest standards of social responsibility.”

At Light & Wonder we are constantly looking at how we innovate and deliver added value for our customers and their players. We are delighted to partner with OKTO, integrating with their platform to enable our customers to take advantage of their cashless payment solution. We particularly support the focus on player protection, which builds upon our industry leading tools that are already available to our UK customers. We look forward to enabling this innovative cashless capability for our UK customers by the end of this year.

Wayne EllardLight & Wonder VP Product Management