Latest News
TrueLayer launches European payments combining instant player deposits and withdrawals
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iGaming operators can accept instant, account-to-account payments and instant withdrawals in any app or website, delivering the most comprehensive European payments experience.
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Jack Potts Bingo in Ireland is already live using the product with Spanish operator Codere going live in the coming weeks.
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Payments with TrueLayer are lower cost and lower fraud than traditional payment options including cards, manual bank transfer and digital wallets.
TrueLayer, Europe’s leading open banking platform, today announced it has launched its closed-loop payment product across Europe, including Ireland, France, Germany, Spain, Lithuania and the Netherlands. iGaming operators can now offer secure, instant and cost-effective deposits and withdrawals across the continent.
Traditional payment methods weren’t built to handle the speed of online commerce. With cards taking up to three days to settle, operators struggle to manage liquidity, while players have to wait in limbo for withdrawals. Cards and digital wallets generate substantial costs through interchange fees, chargeback penalties and time-consuming manual tracking processes. There is also the issue of rising card fraud in Europe, which totalled €1.55 billion in 2020, with card-not-present fraud accounting for 76% of those cases. France, Germany and Spain all ranked in the top five for card fraud losses.
TrueLayer is addressing these points with a more cost-effective, frictionless and secure European payments platform for iGaming operators, built on open banking and the fastest available bank payment rails. It delivers:
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Instant pay-ins: Players can top up their accounts in seconds with account-to-account payments. Deposits settle in a dedicated merchant account and are automatically reconciled against customers’ details.
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Instant withdrawals: Verified account details are associated with each player allowing businesses to provide instant withdrawals and refunds back into the same account used for the deposit with a simple API call.
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Dedicated merchant accounts: Operators can automate reconciliation processes and gain full visibility of their player’s account details as soon as payment settles. They can also withdraw automatically into their bank account.
Roberto Villani, Head of iGaming at TrueLayer, commented: “With TrueLayer, iGaming operators across Europe can create a better payment experience. A single implementation of our platform delivers immediate deposits so players can get started and instant withdrawals for their winnings. Card refunds can take up to five days, destroying customer loyalty in the process, while other methods are prone to operational inefficiencies, human error and lost payouts that can damage businesses’ reputations. With TrueLayer, players can see the instant transfer of funds with minimal fuss or having to chase support teams asking where their money is.”
Ran Kshivizky, Payments Product Manager at Codere, explained: ‘We want to deliver the best player experience possible and if you can pay instantly you should be able to get your funds out instantly. When you know you can access winnings quickly that is also a differentiator for Codere and is also likely to make players come back. TrueLayer provides the ideal solution as it’s money in and out straight away – without the poor UX and operational overheads of cards, manual transfers or wallets.”
TrueLayer Payments is the most comprehensive solution on the market, delivering significant benefits for operators and players, including:
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Instant access to funds: payments are confirmed instantly, enabling operators to serve players more efficiently and receive funds faster. Real-time payment confirmation provides peace of mind that each transaction has been authorised.
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Frictionless checkout processes: inputting card details is inconvenient for players and errors can derail the entire payment process. TrueLayer removes any manual entry on banking details, eliminating mistakes and making it easier to complete a payment.
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Fewer abandoned payments: tested on millions of transactions across the UK and Europe, TrueLayer’s embedded payment flows make paying easier than ever. The result is fewer payment abandonments and higher conversion rates.
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Lower operational costs: Open banking removes interchange fees and chargebacks of cards, making them far more cost-effective. TrueLayer automates expensive and time consuming manual processes such as reconciliation and sending payouts, with full visibility of all payments via the merchant dashboard.
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Reduced payment fraud: Payments are PSD2 and SCA compliant, with payments authenticated directly with the bank, reducing the opportunity for fraud and chargebacks.
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Enhanced player experience: Instant deposits enable operators to provide access to their services with the certainty they have received the funds and players to use their funds immediately. Instant withdrawals through TrueLayer provide an additional level of assurance that their money will be returned efficiently.
Till Wirth, Head of Product at TrueLayer, added:“We have used our experience and expertise to deliver an effortless way to onboard new customers and enable them to quickly fund their accounts and withdraw winnings, delivering faster, safer and lower cost payments for operators in the process. That, in turn, supports increased trust and loyalty – for example YouGov research showed 64% of players were more likely to trust an operator that offered instant withdrawals and deposits. More than half (55%) said they were likely to switch to a provider that offered instant withdrawals.”
Bojoko.ca
Bojoko.ca Celebrates Record-breaking Month in October 2024
Bojoko.ca, a leading online casino comparison site in Canada, has announced its best-ever performance since launching in 2021. October 2024 marked a new milestone for the platform, recording the highest number of First Time Depositors (FTDs) and the most significant commission earnings in its history.
The number of FTDs surged with 35% growth from what was already the all-time best result in September. This achievement cements Bojoko.ca’s position as a trusted leader in the Canadian iGaming industry, providing users with transparent and user-centric resources for finding the best online casino experiences.
In addition to the record-breaking FTDs, Bojoko.ca saw its highest-ever monthly commissions, underscoring the platform’s exceptional performance and the trust it has built with users and partners.
Joonas Karhu, CEO of Bojoko, said: “This is a proud moment for Bojoko.ca and the entire team. Since launching in 2021, our mission has been to empower our users to discover safe casinos that match their criteria, and this record-breaking month demonstrates that we have earned the trust of Canadian players. We could not be more excited and are more committed than ever to raising the bar in the iGaming industry.”
Chris Kelley
Chris Kelley Joins Hard Rock International as President of Hard Rock Hotel & Casino Tejon Scheduled to Open Late 2025
Hard Rock International announced the appointment of casino and resorts leader Chris Kelley as President of Hard Rock Hotel & Casino Tejon, where he will oversee operations of the upcoming entertainment destination opening in Kern County, CA in late 2025. He reports to Jon Lucas, COO of Hard Rock International.
“A veteran of the casino and resorts space, we are so excited to have Chris join our team and lead operations at the new Hard Rock Hotel & Casino Tejon set to bring premier gaming and live entertainment experiences to the growing Kern County area. We are confident Chris will bring forth his innovative and extensive background in finance and operations, ensuring continued growth and excellence for Hard Rock’s leadership in the gaming industry,” said Lucas.
With a distinguished career spanning over two decades, Chris brings a wealth of experience and a proven track record of success. Most recently, Chris served as President & COO of MGM Resorts International Northeast Group, where he oversaw operations at MGM Springfield in Springfield, Massachusetts and Empire City in Yonkers, New York.
“I am so thrilled to join the Hard Rock Hotel & Casino Tejon team as President. This is an incredible opportunity to lead a dynamic and exciting property that embodies the spirit of entertainment and hospitality. I look forward to working with the talented team here to create unforgettable experiences for our future guests and to drive the continued success and growth of this iconic brand,” said Kelley.
Latest News
PokerStars Becomes Official Partner of Philadelphia Flyers
PokerStars has announced an exciting new partnership with the National Hockey League’s Philadelphia Flyers, becoming the first poker brand to collaborate with the team.
As the official sponsor of the Philadelphia Flyers, PokerStars will work closely with the team to offer PokerStars players the chance to win Flyers tickets and exclusive signed memorabilia through special poker tournaments as well as via monthly sweepstakes on PokerStars Casino.
PokerStars branding will also be featured at all home games at Wells Fargo Center and during TV spots, enhancing PokerStars presence in North America.
Rob Battista, Senior Director of Commercial at PokerStars North America, said: “We are thrilled to partner with such a beloved hockey team. Hockey fans are some of the most passionate in the world, and we can’t wait to collaborate with the team to bring exciting tournaments and rewards to our communities in Pennsylvania and New Jersey.”
“We’re excited to welcome PokerStars to the Flyers family. Their dedication to innovation and giving epic rewards and experiences to their players aligns perfectly with our goals on engaging our fantastic community of fans,” said Todd Glickman, Chief Revenue Officer at Comcast Spectacor.
The partnership follows on from PokerStars partnerships with fellow NHL team the Detroit Red Wings in Michigan, and Maple Leaf Sports and Entertainment in Ontario, which owns the Toronto Raptors (NBA) and Maple Leafs (NHL).
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