Paysafe Group expects 2016 revenue to surpass Guidance

Leading global online payment provider Paysafe Group PLC has stated that they expect revenue for the year ended 31st December to exceed $1 billion which is ahead of the previous guidance and current market expectations.

The group has been focusing their energy on building a portfolio of payment-related services and products to satisfy the growing needs of consumers and businesses in this fast paced ever changing payment industry and has continued to see a strong momentum during the second half.

In Paysafe’s ‘unaudited’ full year trading update, the FTSE 250 listed payment provider stated that the group would see an excess of $1 billion in corporate revenues. In an update to investors, Paysafe governance announced that a strong second half to FY 2016 would see the company report top-line metric guidance towards the upper end of its corporate guidance.

Upon closing it’s 2016, Paysafe governance also disclosed their expectations of FY 2016 adjusted EBITDA to hit the $300 million mark.
They have remarked that their strong 2016 performance has been motivated by the efficient integration of newly acquired company assets along with their existing payments portfolio making Paysafe the outright leader in payments for the online gambling sector.

The group also continues to show strong cash conversions in addition to the growth in adjusted EBITDA which allows them to capitalise on market conditions with an inaugural share buy-back programme announced in December, without compromising the pursuit of bold M&A opportunities.

Paysafe CEO Joel Leonoff was pleased with their 2016 performance and commented on the trading update saying: “Our ongoing momentum underpins our confidence in our growth prospects for 2017. We have delivered another excellent financial performance and expect to surpass $1bn in revenue, an impressive milestone of which we are extremely proud Our ongoing momentum underpins our confidence in our growth prospects for 2017.”

Tiplix partners with Income Access to launch affiliate programme

The Malta-based online sports betting casino and poker brand Tiplix has launched their new affiliate programme with the Paysafe Group member Income Access.
The German language sports betting brand partners up with the iGaming-focused marketing and software provider Income Access utilising their player tracking and acquisition software.
Tiplix plans to focus their attention on growing its sports betting and casino partner services for the German and Australian markets.

Tiplix was launched in 2009, is operated by Trusfulgames Ltd and licenced by the Malta Gaming Authority. The brand offers players a variety of sports betting service that includes but is not limited to tennis, soccer, baseball and hockey.
They also feature an online casino boasting of a full suite of online slots, poker and table games not to mention a state of the art live casino.

Tiplix plans to celebrate the launch of the affiliate programme by offering new players a free bet of up to €100 on registration.

Florian Geheeb, COO of Tiplix had this to say: “When we decided to launch a new affiliate programme, we immediately considered Income Access due to its strong reputation among our peers and partners in the iGaming industry,”
“As a sports-betting company currently doing most of our business in retail shops, we are looking forward to working with Income Access to make our push into the online sphere as successful and growth-driven as possible.”

Tiplix in-house team of affiliates will oversee the affiliate programme. They will utilise the Income Access software’s Ad Serving tool targeting the affiliate marketing campaigns based on player’s geolocation, language, device and other criteria.

Managing Director of Income Access Nicky Senyard commented: “We are excited to support TIPLIX’s new affiliate programme.”

“Given its presence in a number of European jurisdictions with different languages, our Ad Serving solution and our software’s other features will ensure that its player acquisition via the affiliate marketing channel is maximised.”

NETELLER and Skrill backs out of 100 Countries

Online poker sites could seriously be impacted by the withdrawal of NETELLER and Skrill from 100 countries. The two most commonly used payment options at numerous popular online poker sites will no longer provide their prepaid MasterCard services to customers in 100 countries.

This announcement was made by the parent company Paysafe Group via a recent email to their customers leaving poker players now desperate to find alternative and reliable ways to receive withdrawals.

“We regret to inform you that as of November 25, 2016, we will no longer offer the Skrill Prepaid MasterCard® in your country,” the letter stated. “You will not be able to use your card but your Skrill Account remains fully functional and your balance is unaffected. You can withdraw funds from your Skrill Account to your bank account or send money to any other Skrill user or online business accepting Skrill.”

Among countries to be affected will be the likes of Australia, New Zealand, Colombia and Brazil. European nations and European Economic Area (EEA) including Switzerland, Norway, Austria, France, Italy and the UK will not be affected however by this change.

This news comes as a blow to the online poker players of the countries affected as players do not like waiting for weeks to receive their money after they have requested a cash-out. The e-wallet services of NETELLER an Skrill offer the convenience of transferring the money from the online poker site to a prepaid Mastercard. Once transferred to the prepaid card, it becomes available for use anywhere that Mastercard is accepted which happens to be almost everywhere nowadays.

NETELLER and Skrill backing out of 100 countries will cause problems as many poker players will now not be able to access their money as fast the Paysafe Group companies services allowed. Other standard withdrawals options include bank wire transfer and Entropay neither of which are as fast as NETELLER and Skrill.