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PayPal Tops Wall Street Forecast: Taking One Stop Close To Being The Dominant Form Of Payment In Online Gambling

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PayPal Tops Wall Street Forecast: Taking One Stop Close To Being The Dominant Form Of Payment In Online GamblingReading Time: 2 minutes

 

PayPal shares have soared according to the latest Wall Street figures, with revenue growth of the Silicon Valley company surpassing even its own forecasts and now standing at an incredible $3.68bn. One industry which has no doubt contributed to PayPal’s meteoric rise is the online gambling sector. As the casino experience has become more and more digital, so too have the methods that gamblers use to pay for their play. In this article we’re going to explore the different types of payment options, including PayPal, that gamblers use to see whether it is truly the dominant party.

For the few that might not know, PayPal is an American company that operates a worldwide payment system. They are based around online monetary transactions and serves as an electric alternative to paper methods of paying for products or services like cash, cheques and money orders.

Since its founding 20 years ago in 1998, PayPal has become one of the world’s most popular methods of paying for goods or services online, not least online gambling sites. The proliferation and rising popularity of PayPal being used as a core payment method for online casinos is because many companies offer incentives and bonuses if users opt for the American company. While security alone is often enough to encourage the use, the use of bonuses or free plays as incentives often provides benefits for both the user and the company themselves through lower or non-existent fees and easier, near-instantaneous transactions.

Neteller, on the other hand, is an e-money transfer service that was once predominantly used by merchant banks, trading and social network firms to withdraw and transfer funds for business transactions using their Net+ card accounts.

Over the years however, Neteller has garnered the trust of the gambling community for its thrill-free method of depositing, fast payouts and phenomenal security.

One reason Neteller has become so popular amongst gamblers is because it lets you trade in different forms of e-currency including Bank Wire and Bitcoin. Plus, thanks to its impenetrable security, the service has become particularly favored by high rollers, as it enables them to transfer large funds without fear of losing their winnings.

While those outside of the gambling industry may be none the wiser, Skrill Moneybookers has been the platform of choice for thousands of players in recent years. Skrill is a UK based e-commerce business that supports online monetary payments with a specific focus on low cost international transfers.

Founded in 2001, Skrill does not charge its customers a transfer fee when they send directly to a bank account, making it the most cost effective payment option to appear on our list. As a result few e-commerce companies are as well recognised and widely used in the online gambling industry as Skrill. Supporting 40 different currencies in over 200 different countries across the globe, Skrill is also regulated by the Financial Conduct Authority (FCA) meaning that every piece of information sent from Skrill to online casinos is fully encrypted.

As you can see, the battle for most popular form of payment in the online gambling industry has not been won just yet. While PayPal offers great incentivized bonuses, Neteller provides impenetrable security and Skrill gives you great value for your money, making them both worthy alternatives. Ultimately it’s up to your personal preferences, so the only question that remains is which will you choose?


Source: European Gaming Media

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Betway becomes official global betting partner of the Mzansi Super League T20

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Betway has agreed a three-year-deal to become the official betting partner of the Mzansi Super League T20 – further adding to its cricket sponsorship portfolio.

The tournament, which takes place in Johannesburg, Tshwane, Durban, Nelson Mandela Bay, Cape Town and Paarl, is broadcast live in the UK and the first fixtures have already provided some great action.

Former South African international AB de Villiers impressed the locals as he hit fifty in vain as Tshwane Spartans were beaten by Cape Town Blitz, while Nelson Mandela Bay Giants beat the Jozi Stars.

Betway’s latest seven-figure-deal comes just months after it was confirmed as the official betting partner of both the men’s and women’s Cricket West Indies (CWI) sides.

Betway’s Anthony Werkman, said: “We are really pleased to be on board at the start of this new look T20 tournament.

“Being involved as a global partner shows the ambition Betway has to become a recognised worldwide supporter of elite professional sport, and the names appearing in this tournament certainly fit that bill.

“I am sure that the crowds will enjoy the games and we look forward to delivering an exciting experience for our customers too over the next three years.”

Cricket South Africa CEO, Thabang Moroe, added: “We are thrilled to have sports betting brand, Betway, on board to join our roster of sponsors, all whom have committed to helping us take Mzansi T20 to the world through the game of cricket.”


Source: European Gaming Media

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Praesepe put faith in Project pokers

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Project has received what it is describing as a ‘substantial order’ from Praesepe, part of the Gauselmann group of companies, for its specialist poker themed games comprising Red Hot Poker, Jacks or Better and the Cat C lite, Hi Lo Poker.

Confirming the order, Praesepe’s Head of Gaming Machines, Nigel Davis, said:We have a long and successful history of working with Project, one of the industry’s leading independent machine innovators. Project was the first to fully understand poker and over the last decade has mastered the art of translating the dynamics of the game into an array of stylish B4, Cat C and Cat C lite machines. We’ve found that poker attracts a different segment of the player base into our venues. They don’t perceive themselves as being slots players but poker players, which means that as an operator we are not simply cannibalising spend from one machine to another. Attracting new income is the lifeblood of any business and poker themed games bring new customers into our venues. I am confident the Project pokers that we have ordered will further enhance the fantastic Cashino customer experience.

Project Managing Director, Tony Boulton stated:We are delighted at the faith shown by Praesepe in our products. We have spent a lot of time understanding the psyche of the poker player and working hard to deliver new and enhanced experiences for poker aficionados. Poker doesn’t go out of fashion, it works across machine categories and it can be deployed either as a stand alone machine or, as we’ve demonstrated in 5 Star Games, as part of a mixed game style compendium. Key to its success and its longevity is the fact that it generates differentiated income courtesy of its’ distinct player base.


Source: European Gaming Media

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Continent 8 Named “International Business of the Year” at the Isle of Man Newspapers Awards for Excellence

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Continent 8 Named “International Business of the Year” at the Isle of Man Newspapers Awards for ExcellenceReading Time: 2 minutes

 

Continent 8 Technologies, the award-winning, multi-jurisdictional global data solutions provider, has been named the 2018 “International Business of the Year” at the prestigious Isle of Man Newspapers Awards for Excellence held last night at the Villa Marina, Isle of Man.

This year, Continent 8 was shortlisted in the “International Business of the Year category” – one of the most sought after awards of the night. Now in its 13th year, the Awards for Excellence has recognised more than 300 local companies since the awards started, creating a unique opportunity to recognise success for companies, individuals, the public sector, and the charitable sector.

This is the second time Continent 8 has been recognised for success and innovation. In 2014, Continent 8 was honoured as the “Company of the Year”. At that time, the judges remarked that Continent 8 demonstrated a clear strategy, as well as innovative ways of sourcing and delivering service on and off island. They recognised that Continent 8 had a firmly established local and international profile and has served as a strong ambassador on behalf of the Island.

Continent 8’s CEO Michael Tobin stated about this year’s award, “We are truly honoured to be recognised as this year’s International Business of the Year. Our success and growth are directly attributed to our global team of experts, our ability to develop long-term partnerships, and by offering the most sophisticated, innovative, and reliable services to our customers.” Mr. Tobin, described the award as a “Humbling recognition of our relentless pursuit of service and innovation on a global scale and our commitment to the growth of the Isle of Man.”

In accepting the award on behalf of Continent 8 David Black thanked the organisers, judges, shareholders, the global team and led a touching tribute following the recent tragic loss of colleague, Paul Steer.

Continent 8 is an award-winning, multi-jurisdictional global network solutions provider that connects, manages, and secures the world’s most valuable information. Its advanced data centers and high-quality networks support critical online operations in both private and public-sector organisations in over 30 locations across Europethe United States and Asia. For more information visit www.continent8.com.


Source: European Gaming Media

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