Resorts World has signed a partnership agreement with Paysafe. Paysafe is one of the most recognized international online payment companies, which will benefit Resorts Worlds as it continues to pursue its plans for expansion in the North American betting market. Thanks to this partnership, Resorts World customers will now easily make their deposits and withdrawals on the growing betting app.
Under the terms of this partnership, Paysafe will power the Resorts WorldBET app with its world-renowned payment system. By integrating Paysafe’s technology, Resorts Worlds’ customers can deposit funds via their debit cards. Punters will also be allowed to use the same system to charge accounts through automated clearing house transfers from individual bank accounts.
With this solution, Resorts World customers can withdraw their prize money instantly, which should help to draw even more punters. Now that Paysafe is a partner, Resorts World will also give punters a lot more variety including the addition of payment options such as the Skrill digital wallet.
As sports betting continues to gain popularity, gamblers are demanding quicker and more reliable ways of making their deposits and withdrawals. As such, this partnership will help Paysafe improve the overall user experience and a fast, yet reliable way to handle cash while gambling. This new integration will help the Resorts WorldBET app greatly as it finds its footing in New York’s new gambling market.
Resorts launched its mobile sports betting app in the Empire State this March marking the brand’s momentous entry into the US. Resorts World is already a well-established name in the gambling space. The brand has sportsbooks in Las Vegas, as well as the Catskills, which will allow Resorts to provide New York punters with the high-end betting experience that they have been missing.
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Paysafe looking to strengthen its presence in North America
But it’s not just Resorts World that stands to benefit greatly from the partnership. As a result of this deal, Paysafe has effectively expanded its footprint in the lucrative New York gambling market. When the market was legalized in January, punters in New York wagered approximately $1.6 million through the apps available in the Empire State.
According to the data released by the New York State Gaming Commission, the Empire State beat neighboring New Jersey’s monthly record of $1.3 Billion. New Jersey had set this record in October 2021. In the first month alone, New York generated close to $58 million in tax revenue thus making it the most profitable mobile sports betting market in the country.
New York has waited for decades before the market was legalized on January 8th. Before legalization, sports betting fans in New York were forced to cross the river into New Jersey to place wagers on their favorite sports teams. With a legal market, sports fans in the Empire State no longer have to do that.
The excitement surrounding this new market was so high that when it launched, punters in New York placed bets worth $150 million in just the first weekend. They also successfully broke the $1 billion threshold within the first 15 days of operation. Now that Paysafe has teamed up with Resorts World, it will have the expanded opportunity to take advantage of all the business prospects that lie in wait.
Paysafe already has a strong established presence across several states in the US, as well as in Canada. The platform already has longstanding relationships with mobile sports betting brands in New Jersey, Pennsylvania, Michigan, and other jurisdictions. Paysafe’s Income Access software, which is the brand’s marketing technology and service provider, also powers several sportsbooks’ affiliate programs.
Payments and affiliate marketing are some of the primary customer acquisition tactics used by the most successful operators. As such, Paysafe provides a much-needed service that allows operators to attract and convert customers. Because of this capability, Paysafe has been supporting sportsbooks and has aided the ongoing expansion of the iGaming space not just in the US but also in Canada and many other international gambling markets.
In just the last year alone, Paysafe established footprints in various states including Montana, Michigan, Arizona, Louisiana, Connecticut, Virginia, and Wyoming. Before the end of last year, several flagship brands had expanded their existing collaborations with the brand into new states. Specifically, in 2021, Paysafe expanded its partnerships with PointsBet, Golden Nugget Online, as well as FoxBet.
It also forged new partnerships with WynnBet, Fubo Sportsbook, Play Up, as well as SuperBook Sports. Paysafe also gained market entry into Canada thanks to its partnership with PlayAlberta.ca. Aside from PlayAlberta, Paysafe also has other existing processing deals with Ontario Gaming Lottery and Gaming, BCLC, Loto Quebec, as well as the Atlantic Lottery Corporation.
Just recently in May, PaySafe announced that it had entered into a partnership with Strive Gaming. Strive is an advanced player account management platform that allows multi-state operators to manage their players effectively. Strive recently gained market access to Ontario and Arizona owing to its deal with long-time partner Golden Nugget Online.
As a result of this partnership with Paysafe, Strive has now integrated Paysafe’s tech into its advanced player account management to supply GNOG and its other clients in both Canada and the US with a full suite of payment methods. Strive will be able to supply its clients with both traditional and alternative payment methods through an easy-to-access interface.
Final Thoughts
Paysafe boasts more than 20 years of handling specialized payments for its clients in iGaming and sports betting sectors. Not only is Paysafe a leader in digital payment technology, but the brand also handles affiliates for its clients. Since the brand debuted operations in the US iGaming market in 2018, it has grown to become the leader in North America, Canada, as well as Europe.
Resorts WorldBET punters can place wagers via the app or in the retail big screen environment of Bar 360, which is located in Queens or the Catskills. As part of the brand’s debut, Resorts World invested close to $1 million to install digital displays across their facilities so that punters can enjoy their sports all through the year. With Paysafe’s support, these punters can now make seamless payments, regardless of their operating systems.
