Gambling – Doubling down on the US market, changing the game with faster payouts

We found an interesting update about the developments of the gambling industry in the USA.

Based on the blog post written by Worldpay, there have been huge developments in the gambling industry over the last 6 months. The blog post highlights a talk with Daniel Belda, VP of Digital Content & Gambling, to see what’s been happening and what’s yet to come.

You can find the full article below:

What have your top 3 highlights of 2018 been so far?

• As of 14^th May 2018, the Supreme Court decided to give individual US States the ability to legalise betting on sporting events, which makes for a significant opportunity and new market dynamics.
• The World Cup fever has hit and it has been full of unpredictable results and unexpected knockouts. It’s been a very exciting time for the gambling industry.
• One of the key highlights for us is working with and learning from our colleagues across the pond in what was called Vantiv Entertainment Solutions, about the US gambling market and understanding the new opportunities our collaboration now brings across the globe.

Recently, there have been some major developments in terms of gambling in the US.  What opportunities do you see these presenting gambling companies?

Although the Supreme Court decision  paves the way for states to self-regulate, we will only start seeing opportunities materialize towards the end of the year once states have been able to create and vote on their legislation. We see several major players already positioning themselves to take advantage of these opportunities as soon as they become real.

What are you looking forward to the most in the 2^nd half of 2018?

• From everything going on, I’m most excited about the opportunities created in the US due to the Supreme Court decision. With so much regulatory change, for the rest of the year we will be looking at how companies deal with these changes and how we can help in that process.
• Visa Direct and faster payouts have resulted in a huge shift in the gambling landscape, changing the payouts model from 2-5 days to 30 mins. This is going to enable global, regional, domestic and cross-border real-time payments. Players will benefit from faster deposits and withdrawals, and merchants can manage this through a single gateway integration.

Which gambling companies are doing exciting things – and why?

• Betfair acquiring US fantasy football company, FanDuel, earlier this year to take advantage of PASPA changes in the future.
• Stars Group have agreed to buy Sky Betting and Gaming, which would create the largest publicly listed gambling company in the world.

About Worldpay

Worldpay, Inc. (NYSE: WP; LSE: WPY) is a leading payments technology company with unique capability to power global integrated omni-commerce. With industry-leading scale and an unmatched integrated technology platform, Worldpay offers clients a comprehensive suite of products and services globally, delivered through a single provider.

Worldpay processes over 40 billion transactions annually through more than 300 payment types across 146 countries and 126 currencies. The company’s growth strategy includes expanding into high-growth markets, verticals and customer segments, including global eCommerce, Integrated Payments and B2B.

Worldpay, Inc. was formed in 2018 through the combination of the No. 1 merchant acquirers in the U.S. and the U.K. Worldpay, Inc. trades on the New York Stock Exchange as “WP” and the London Stock Exchange as “WPY.”

Visit us at www.worldpay.com.

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Source: Latest News on European Gaming Media Network