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Skrill partners with Betfred USA Sports

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Skrill partners with Betfred USA sports

 

Paysafe digital wallet continues 2020 U.S. expansion by extending global Betfred Group partnership to American sportsbook subsidiary

Paysafe, a leading specialized payments platform, today announced a new partnership for its Skrill digital wallet with Betfred USA Sports, the wholly-owned U.S. subsidiary of U.K.-based bookmaker Betfred Group. Building on Skrill’s long-standing payments support for Betfred internationally, the digital wallet has been added as a payment method to Betfred USA Sports’ recently launched mobile and online sportsbook for the Iowa market.

The Betfred USA Sports deal is the latest Skrill move in its ongoing expansion in the U.S. this year, following the launches of the Skrill Visa® Prepaid Card In January, the Skrill Money Transfer solution, and the Skrill Knect loyalty program, both in June. Skrill’s recent U.S. growth responds to increasing consumer demand for digital wallets, used by over a third of Americans (36%) at least monthly in Q2, according to Paysafe’s research.

Against this backdrop, Betfred USA Sports’ customers in Iowa can now benefit from the speed, security and reliability of a mobile-responsive digital wallet. Skrill’s two-decade history serving sportsbooks, including Betfred Group’s European brands since 2006, also ensures a strong wagering experience.

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After uploading funds to their Skrill account via multiple options (bank and card transfer, iACH and eCash solutions), players can use the digital wallet to seamlessly make a deposit on betfredsports.com’s Iowa-facing online platform, which launched in July with the land-based Grand Falls Casino & Golf Resort. Players can then wager on a comprehensive range of sports, spanning pro and college football, basketball, American and overseas baseball leagues, hockey, soccer, and mixed martial arts, among others.

Winnings can be withdrawn directly into players’ Skrill accounts. Once safely deposited, funds can be transferred in real time to customers’ bank accounts or withdrawn directly as cash at an ATM via the Skrill Visa® Prepaid Card, which syncs directly with their wallet balance. Funds can also be sent to family and friends overseas using Skrill Money Transfer.

Lorenzo Pellegrino, CEO of Skrill, NETELLER, and Income Access at Paysafe, said: “As part of our broader American expansion this year, we’re delighted to extend Skrill’s global partnership with Betfred to support Betfred USA Sports’ growth in Iowa and beyond. We’re confident that our digital wallet, which has been developed specifically for online gaming, will provide Betfred USA Sports and its players with a payment method that streamlines, simplifies and ultimately improves the wagering experience.”

Bryan Bennett, Chief Operating Officer of Betfred USA Sports, commented: “Funding accounts with multiple deposit methods sets us apart from other competitors. Skrill gives our players more flexibility by supporting popular international and local payment providers.”

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Compliance Updates

Tennessee Sports Wagering Council Takes Action Against Illegal Sportsbook

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The Tennessee Sports Wagering Council through its executive director issued $50,000 in fines to Bovada.lv, an unlicensed and therefore illegal sportsbook operating in Tennessee.

Bovada failed to comply with cease and desist letters delivered to addresses in Curaçao, and Council investigators placed wagers through Bovada’s platform on three separate occasions, including as recently as October 16, 2024.

The Sports Gaming Act authorizes the Council to impose a $10,000 fine for the first offense of accepting wagers without a license, which rises to $15,000 for the second offense, and $25,000 for the third offense. Subsequent offenses may lead to the imposition of a $25,000 fine for each occurrence, an occurrence being a single wager accepted in Tennessee.

In the cease and desist letters, the Council ordered Bovada to allow all Tennessee users to withdraw any funds currently held by the unlicensed sportsbook.

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“The Sports Wagering Council recommends that Tennessee users of Bovada withdraw their funds immediately. Our primary role is the protection of the public interest through a safe, regulated environment, and Tennessee sports bettors need to know that just because they can access a sports betting website or app inside Tennessee’s borders does not mean it is licensed to do business here,” Mary Beth Thomas, Executive Director of Tennessee Sports Wagering Council, said.

Legal sportsbook operators provide important bettor protections not found in the illegal market. If an individual wagers with unlicensed sportsbooks, their sensitive financial and personal information may not be protected and could even be shared with criminal enterprises. The bettor’s money could be withheld or disappear without a way to recover it.

The SWC is working closely with its network of law enforcement at the state and federal level to eradicate illegal sportsbooks such as Bovada and others.

Tennessee is the largest “online-only” sports betting market in the US, with more than $4.7 billion wagered in Tennessee last fiscal year through online sportsbooks licensed by the Council.

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Gambling in the USA

Phoenix Link by Aristocrat Gaming Now Lighting Up Casino Floors

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The hottest new game from Aristocrat Gaming, Phoenix Link, is now live on casino floors, with Yaamava’ Resort & Casino being the first in North America to offer the highly-anticipated game. As the next evolution of the international hit game, Dragon Link, Phoenix Link features player-favorite mechanics from top games with all-new themes, features, and bonuses.

“We have been humbled by the incredible global fanfare Dragon Link has received over the years but are never ones to rest on our laurels. The teams have been working tirelessly on a follow-up that brings together all the player-favorite elements in a new and exciting way with Phoenix Link as the proud result. We were thrilled to partner with Yaamava’ to premiere Phoenix Link with flair, excitement, and celebration,” said Victor Duarte, executive vice president of product for Aristocrat Gaming.

Phoenix Link players will enjoy the game’s additional denominations, configurations, and jackpots on each of the launch game theme titles. Gameplay features include Hold & Spin, Free Games with multiplier wilds or twin spin reels, Phoenix Mystery trigger, and more new bonus twists. Phoenix Link is available on the Neptune Single cabinet.

“Yaamava’ is thrilled to host yet another world premiere in gaming with the launch of Phoenix Link by Aristocrat Gaming. Our Club Serrano members are already raving about this captivating extension of the player-favorite Dragon Link. It’s a great addition to the Yaamava’ gaming floor,” said Kenji Hall, General Manager of Yaamava’ Resort & Casino at San Manuel, said.

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Latest News

Panel on the benefits of regulation in the Mexican iGaming market

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On November 6, the iGaming industry in Mexico is preparing for a key event in which the benefits and challenges that regulation has brought to the Mexican market will be discussed. Under the title “Benefits of Regulation in the Mexican Market”, this panel will offer an in-depth look at the impact of regulation on transparency, competition and consumer protection, critical issues in the new digital era of iGaming.

The event, moderated by Geraldine Alexandra García Torres, Media Manager of Digital Gaming News, will feature the participation of recognized figures in the sector such as Daniel Magariños, representative of BMM Testlabs, and Hermilo Peregrina Cabrera of Prometeo IT Solutions. Both panelists will contribute their extensive knowledge and experience in regulation and certification in the Mexican market, and will analyze with the public the challenges and opportunities that companies face in an increasingly competitive and regulated context.

BMM Testlabs, who will participate as a Gold Sponsor, underlines with its sponsorship the importance of regulation to strengthen the iGaming sector in Mexico and demonstrates its commitment to progress and transparency in the Mexican market. For its part, Kushki joins as a Silver Sponsor, promoting the dialogue and analysis necessary for the industry.

Daniel Magariños, from BMM Testlabs, expressed his enthusiasm for participating in this digital webinar: “It has been a pleasure to be able to share our comments as a Laboratory on a market like the Mexican one and exchange opinions with a reference like Hermilo and the company Prometeo IT Solutions, with its excellent track record in this market. A relaxed talk with a lot of learning that I hope will be interesting for the attendees.”

For his part, Hermilo Peregrina, from Prometeo IT Solutions, highlighted the relevance of these spaces for dialogue: “Thank you to Conferencias iGaming for the invitation to participate in this panel. Thanks to Geraldine for coordinating us, and it was a pleasure to share ideas and opinions with my friend Daniel from BMM Testlabs, who has extensive experience in international regulations and certifications.”

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Sponsor Support

The panel has the support of important sponsors who recognize the relevance of regulation in the development of the iGaming market in Mexico. Among them, BMM Testlabs as Gold Sponsor, and Kushki as Silver Sponsor.

Event Details:

Date: November 6

Time: 10:00 a.m. (Mexico)

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Registration: Register here

Don’t miss the opportunity to be part of this essential conversation for the future of the industry. Secure your place and access a key analysis on the dynamic iGaming market in Mexico!

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