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eBet's main achievement to date has been to lose $22m with few remaining assets to show for that effort.

It will be interesting at month end to see how much cash they have left. And how they propose to fund their grandiose expansion plans.

Meanwhile today's announcement from Aristocrat (ALL) shows that ALL seems to think it has a cashless product which keeps making big sales.

Ticket In/Ticket Out cashless systems are far more attractive than magnetic stripe cards for casinos because casual players can use them immediately, without going through the tedium of registering for a card.

So what happens if US casinos embrace such ticketing systems making them the de facto standard?

The EBT card product would then be behind the eight ball and make zero impact there.

There are plenty of other ticketing cashless suppliers over there. Check for yourself when you return to reality.