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Gambling in the USA

EML Launches Payments Card with PointsBet in New Jersey

George Miller

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EML Launches Payments Card with PointsBet in New Jersey
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New product offering simplifies funding and allows players to quickly access their winnings

 

EML Payments USA, LLC., a wholly owned subsidiary of EML Payments Limited (ASX: EML) (“EML”), and PointsBet USA Inc. announced they have launched a reloadable payments card that allows their customers in New Jersey to load funds to their gaming account and quickly access their winnings. PointsBet has experienced rapid growth since entering the U.S. market with its unique points betting product. The addition of the PointsBet card experience solidifies PointsBet’s and EML’s leadership in providing an unrivaled online sports betting experience in the Garden State.

“The launch of the PointsBet reloadable payments card represents an exciting time in sports betting for both PointsBet and EML. Both companies understood the importance of being first to market with an acquiring and payout solution to enhance the PointsBet gaming experience, boost brand loyalty and meet the challenges of today’s rapidly evolving U.S. online sports betting landscape,” said Jamison Jaworski, president Americas, EML Payments.

The combined powers of PointsBet and EML allow users to enjoy a seamless funding experience without the headache experienced by most other gaming operators in the U.S. market today, Cardholders enjoy real-time payouts that can be pushed back into their gaming account or used online, in-store, in-app or at ATMs.

“Our relationship with EML has allowed us to quickly and seamlessly integrate a withdrawal method that is unique to the U.S. sports betting market. While other sportsbooks are still trying to figure out how best to payout winnings to their players, PointsBet is able to focus on making continual improvements to our existing process and providing a VIP experience,” said Johnny Aitken, U.S. CEO, PointsBet.

Having successfully provided innovative payment solutions to sports betting providers across the globe, EML is positioned to provide a consistent experience in the U.S. As more states push to legalize online sports betting in 2019, the partnership with PointsBet is only the first step in helping move this exciting new market forward. With the launch of this additional program, EML is now managing 11 branded reloadable prepaid programs in the gaming industry across Australia, Europe, the U.K. and the U.S.

“Gaming operators, casinos and fintechs have the opportunity to provide friction-free payment methods that encourage gamblers to keep playing. We’re partnering with gaming providers we believe will shape the future of online sports betting in the U.S.,” said Brandon Thompson, Group Chief Commercial Officer, EML Payments.

 

About PointsBet:

PointsBet is a U.S. sportsbook originally founded in Australia. The company is a cutting-edge sportsbook operator that prides itself on having the quickest and easiest-to-use app (iOS and Android), and providing the best content and experience for sports bettors.  PointsBet is on the cutting edge of sports betting, offering the most markets in the world for all major US sports leagues (NFL, NBA, NHL and MLB) along with being the only provider of the revolutionary PointsBetting product, where the more you are right, the more you win. For more information on PointsBet, PointsBetting and how to sign up, visit www.PointsBet.com.

About EML Payments Limited:

With EML, you will be empowered with more control, transparency and flexibility over your payment processes. Whether you serve businesses or consumers, EML makes your payment processing more efficient and secure from start to finish, while helping you improve customer service and increase brand loyalty.

Our portfolio offers innovative financial technology that provide solutions for payouts, gifts, incentives and rewards, and supplier payments. We issue mobile, virtual and physical card solutions to some of the largest corporate brands around the world, processing billions of dollars in payments each year, and manage more than 1,200 programs across 21 countries in North America, Europe and Australia.

Source: EML Payments

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Gambling in the USA

US billionaire Tilman Fertitta to pursue Caesars stakes acquisition

Niji Ng

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US billionaire Tilman Fertitta to pursue Caesars stakes acquisition
Photo Source: reviewjournal.com
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Billionaire real estate mogul, Tilman Fertitta, based in Texas, is still pursuing the ambitious plan to merge his business empire with Caesars Entertainment Corporation. Caesars had rejected a similar offer from Tilman, who is known as the richest restaurateur in the world. Tilman has since started acquiring stock in the company, giving rise to further news about the possible merger. Fertitta has not made any public announcement. But sources familiar with this latest move have revealed that the billionaire has bought 4 million shares in Caesars, which is less than 1 per cent of the casino and hotel operator’s total. The source also affirmed that Fertitta is still interested in combining his business with Caesars, and he believes that the corporation is undervalued. However, the businessman is yet to make another merger proposal.

Tilman is a renowned business mogul, and he currently ranks #153 on the Forbes 400 with a fortune of $4.6 billion. He is the owner of Landry’s Inc. which owns and operates the Golden Nugget group of casinos in Atlantic City, Biloxi, Lake Charles, and Laughlin. On a wider scope, Landry’s Inc. owns more than 60 brands spanning across 600 locations. Mr. Fertitta’s is also the owner of American pro basketball team, Houston Rockets which he bought last year.

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Gambling in the USA

GAN Reports Strong January 2019 Internet Gambling Growth For New Jersey

George Miller

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GAN Reports Strong January 2019 Internet Gambling Growth For New Jersey
Reading Time: 2 minutes

 

Total Internet Gaming Win Increased 53.0% from prior year monthly period

 

GAN plc, an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, updated the market following the publication on February 13, 2019 by the New Jersey’s Division of Gaming Enforcement (“DGE”) of Internet gaming and Internet sports betting financial information for the calendar month of January 2019 in New Jersey.

Highlights from the DGE include:
·         Internet Gaming Win was $33.6 million in January compared to $22.0 million in the prior year period, reflecting a year-over-year increase of 53.0%.
·         Total Internet Sports Wagering Handle (1) was approximately $305.0 million for the month of January 2019, a significant increase from $241.0 million in December 2018 and $238.6 million in November 2018.
·         Internet Sports Wagering Gross Revenues (2) (after payouts) were $15.5 million, compared to December’s $14.7 million and November’s $14.5 million.

(1)     Gross amount of money accepted in wagers
(2)     Internet Sports Wagering Gross Revenues may vary from month to month due to the payouts for future events such as the Super Bowl occurring months after the original wager was made and unredeemed winning wagers from prior months will become deductible upon redemption in future months

This information will be updated and published each month, following publication by the DGE, in order to enable the investor community to readily monitor growth of Internet gambling in New Jersey, which remains a key market for GAN.

About GAN Plc:
GAN is a leading business-to-business (“B2B”) supplier of internet gambling software-as-a-service solutions (“SaaS”) to the US land-based casino industry. The Company has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming.  The Company has also launched digital user acquisition & retention marketing in support of the Internet Casino provided by GAN’s Digital Marketing Agency in Tel Aviv, Israel.

GAN is listed on the London Stock Exchange (LSE: GAN) and on Euronext Growth (GAME). For more information please visit www.GAN.com.

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Gambling in the USA

Delaware igaming industry performs well in January

Niji Ng

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Delaware igaming industry performs well in January
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The Delaware Lottery’s financial results have shown that igaming performed robustly on the financial front in January 2019, by posting a 57.9 per cent increase in revenues year-on-year.

Revenue rose to $279,541 (£217,970/€247,999), showing a 11.2 per cent month-on-month from December last year.

Players wagered $7.4m across the state’s three licensed igaming sites in January 2019, which represented a 65.5 per cent year-on-year advance, but a 27.7 per cent fall from the $10.3m staked in December 2018. Players won a total of $7.2m during the month.

Video lottery accounted for $190,223.44 of total monthly revenue, a 68.0 per cent share, followed by table games, which contributed a further $66,982.14. Poker rake and fees, on the other hand, contributed just $22,335.51.

Player registrations also grew significantly in January, up 117.3 per cent to 578.

The majority of revenue was generated by Dover Downs, which saw its more than double from $48,215.61 in the prior year to $139,816.37, with 233 players registering to play over the month.

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