GBank Secures Approvals for BoltBetz Cashless Gaming Platform
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 10 2025
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Source: Globenewswire
- 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 in Konami's SYNKROS cashless wagering system via the BoltBetz mobile app, thereby enhancing market acceptance of cashless gaming platforms.
- Product Application Expansion: Distill and Remedy’s Taverns have also received GCB approval to use the BoltBetz product, marking the official application of this product at nine locations in Las Vegas, further strengthening GBank's market position in the gaming industry.
- Innovative Fund Management: Since GBank will hold all funds rather than Distill or BoltBetz, a digital fund reserve is not required, simplifying the fund management process, enhancing customer experience, and reducing operational risks.
- Optimistic Market Outlook: GBank CEO Ed Nigro stated that after years of effort, the launch of BoltBetz will provide licensed gaming operators in Nevada and across the U.S. with unprecedented slot machine funding solutions, which is expected to significantly enhance the company's competitiveness in the rapidly evolving gaming technology market.
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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.
