Electronic gaming system and method for managing funds transfer based upon proximity of a mobile device to a geofenced zone

A gaming system comprising:

• a transmitter located within a gaming venue and configured to output a unique identifier to be received by a mobile device;
• and
• a server comprising a processor and a memory storing instructions, wherein the instructions, when executed by the processor, cause the processor to:
• determine whether a wireless receiver setting of the mobile device is activated;
• receive a request from the mobile device to transfer funds to a gaming wallet, the request from the mobile device including the unique identifier received from the transmitter, wherein the gaming wallet is accessible at a gaming device located within the gaming venue and within a coverage distance of the transmitter;
• determine, based on the received unique identifier, that the mobile device is within the coverage distance;
• and
• control the transfer of funds to the gaming wallet based on at least one of the determination of whether the wireless receiver setting is activated and the determination that the mobile device is within the coverage distance.

A method of providing a geofence with respect to a defined area of a gaming venue, the method comprising:

• determining whether a wireless receiver setting of a mobile device is activated;
• receiving a request to transfer funds to a gaming wallet, the gaming wallet being accessible at a gaming device located within a defined area of a gaming venue;
• receiving a unique identifier transmitted from a transmitter located within the gaming venue;
• determining, based on the received unique identifier, whether the mobile device is within the defined area;
• and
• controlling the transfer of funds to the gaming wallet based on at least one of the determination of whether the wireless receiver setting is activated and the determination of whether the mobile device is within the defined area.