GBank Secures Approval for BoltBetz Cashless Gaming Platform
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 10 2025
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Source: Newsfilter
- Strategic Partnership Approval: GBank Financial Holdings announced that its strategic partner BoltBetz has received approval from the Nevada Gaming Control Board, allowing players to create and fund wagering accounts via the BoltBetz mobile app within Konami's SYNKROS system, which will facilitate the full launch of a cashless gaming platform.
- Innovative Fund Management: Distill and Remedy's Taverns also received GCB approval to use the BoltBetz product, and since GBank will hold all funds, a digital fund reserve is not required, simplifying fund management and reducing operational risks.
- Market Expansion Potential: BoltBetz CEO Todd Nigro stated that after years of planning and development, they are set to launch this integrated cashless gaming platform at nine Distill and Remedy's locations in Las Vegas, which is expected to attract more players and enhance market share.
- Industry-First Solutions: GBank Chairman Ed Nigro emphasized that the unique slot machine app and bank payment system provided by BoltBetz and PPA Powered by PIMS™ offer licensed gaming operators an unprecedented funding solution, which is anticipated to drive innovation and growth across the U.S. gaming industry.
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About GBFH
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.
