Tag Archives: Paysafe

Betting and gaming industry’s biggest brands head SBC Awards North America shortlists

The SBC Awards North America 2022 will see the biggest brands in sports betting and gaming compete for the top prizes, with BetMGM, Caesars, DraftKings, FanDuel, Penn Interactive, PointsBet, and Rush Street Interactive all making the shortlists announced today. The winners of the 27 operator, supplier, and affiliate categories will be announced in front of an audience of 600 senior …

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Playtech and Paysafe partnership undergoes transatlantic expansion

Paysafe and Playtech’s partnership has expanded from the US to the UK and Europe, offering payment solutions to operators in the continent.  The transatlantic business move will see Playtech offer Paysafe’s technology platform and payment products to the European betting and gaming markets.  Specifically, Playtech’s igaming Player Management System and Information Management System platforms will be made available, allowing access …

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Paysafe enlists JP Morgan as core banking partner to support further synergies

Payments platform Paysafe has named multinational investment bank JP Morgan as its core banking provider, kickstarting a collaboration with the latter’s Payments business segment.  As core banking partner, JP Morgan aims to provide a ‘robust and scalable payment gateway’ to Paysafe, which offers services and solutions to businesses in a range of industries, including the betting and gaming sector.  To …

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Paysafe appoints Daniel Henson as new Chairman to refresh board

Paysafe Limited has announced the appointment of Daniel Henson as Non-Executive Chairman of the NYSE global payments group, replacing William P. Foley II. The decision was formally disclosed yesterday, as Paysafe published its full-year 2021 results in which the group suffered net income losses of $110 million. Paysafe has published a statement regarding its Chairman succession, informing its investors that …

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SBC Leaders: Why technology is an ‘enabler’ for player entertainment

“Technology is all about what it can do to the player experience, how it generates excitement and even the social elements that it creates,” Jette Nygaard-Andersen, CEO of Entain, told SBC Leaders as she highlighted the ways technology can enable new consumer behaviours. In an exclusive interview with SBC Leaders, Nygaard-Andersen shone a light on the first six months as …

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Paysafe appoints Chirag Patel as new CEO of Skrill and Neteller wallets

Paysafe Group has confirmed the appointment of Chirag Patel to the position of Chief Executive of its Digital Wallets unit. The former payments officer for Amazon and Santander Bank will be charged with overseeing the commercial growth strategy and operations of Paysafe’s digital wallets of Skrill and Neteller. Patel will replace Lorenzo Pellegrino as leader of Paysafe’s wallet division – who …

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NetBet enters Greek market after securing multiple HGC licences

NetBet has become the latest international operator to enter the Greek market, having secured sports betting, casino and poker licences from the Hellenic Gaming Commission (HGC). The newly issued licences will be valid for a seven-year period, enabling NetBet to cover thousands of sports markets per month as well as launch its four thousand casino titles in the sector, including …

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Paysafe completes Foley Trasimene merger listing on NYSE

Paysafe Group begins a ‘new era’ as the digital payment services provider floats on the New York Stock Exchange (NYSE) following its combination with SPAC vehicle Foley Trasimene Acquisition II Corp. Led by US financial services magnet, William Foley II Foley Trasimene had made its initial approach to take Paysfe public last December, targeting a $9 billion valuation.  March proceedings …

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SBC Leaders: Regulatory blindspots and the industry’s COVID bounceback

SBC Leaders: Regulatory blindspots and the industry’s COVID bounceback

“We need to be able to look ourselves in the eye and say we did everything we could,” explained William Hill CEO Ulrik Bengtsson, as he contemplated the importance of social responsibility and player protection across the betting and gaming industry. This exclusive interview with Bengtsson opens the second edition of SBC Leaders for 2021, where he shares his views …

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Growth hungry Paysafe appoints Izzy Dawood as Group CFO

Paysafe Group has confirmed the inbound appointment of Ismail ‘Izzy’ Dawood as new Group CFO, who will join the firm’s executive leadership team on 28 September, replacing outgoing incumbent Peter Smith. A 25-year financial services executive, Dawood joins Paysafe from North American credit score software and systems provider Branch International where he formerly served as CFO from 2019 to 2020. …

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