GBank Financial announces two important approvals impacting its strategic partner BoltBetz. First, BoltBetz has received approval from the Nevada Gaming Control Board as a software solution that allows players to create and fund a wagering account in Konami's SYNKROS cashless wagering system via the BoltBetz mobile app. Second, Distill and Remedy's Taverns have received GCB approval to use the BoltBetz product as approved by the GCB Lab. Ed Nigro, GBFH Chairman and CEO, stated, "Years of dedicated work by our partners BankCard Services, BoltBetz and GBank have resulted in this unique slot machine app and bank payments system that provide Licensed Gaming Operators a first of its kind slot machine funding solution. We look forward to providing these seamless solutions to licensed gaming slot operators in Nevada and across the United States."
GBank Financial Holdings Inc. is a bank holding company, which conducts business through its wholly owned subsidiary, GBank (the Bank). The Bank provides banking services to commercial and consumer customers. The Bank’s business is concentrated in the Las Vegas, Nevada area and is subject to the general economic conditions of that area. The Bank’s primary market for deposit customers is in Las Vegas and Clark County, Nevada, although the Bank accepts deposits from deposit listing services as needed to support its funding needs. The Bank’s lending operations are carried out in local market area, comprised of Nevada, California, Utah, and Arizona, and across the United States primarily through the origination and servicing of the United States Small Business Administration (SBA) and the United States Department of Agriculture (USDA) loans. Its Small Business Administration (SBA) Loans include SBA 504 loan program, SBA 7(a) loan program, USDA B&I loan program, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
