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Bookmaker branded debit cards
Wednesday, February 24, 2016 : DEBIT CARDS WORK WELL FOR AUSSIE OPERATORS
Card processor says use of bookmaker-branded debit cards has soared six-fold.
Australian debit card issuer eMerchants has generated a significant amount of media coverage Downunder with its current report on bookmaker-branded debit card usage, which reveals that usage increased six-fold - from A$15 million to A$90 million - in the first half of last year.
The Sydney Morning Herald reported that most of the major Australian gambling groups such as William Hill, Ladbrokes, Crownbet, Bet365 and Sportsbet are now offering the facility to their players.
eMerchants chief financial officer, Bruce Stewart, told the newspaper that 40 percent of the money withdrawn to the cards from gambling operators is wagered again.
"That means for every $100 spent, $40 is coming back to the gaming platform," he explained.
The player pre-loaded cards can be used for deposits and withdrawals, but can also be used to access cash machines and other banking facilities.
The newspaper reports that eMerchants is currently busy negotiating further uses for the cards, emulating arrangements in the United States where some cards can be used through convenience stores.
A spokesman for Sportsbet, arguably Australia's biggest online gambling company, said the cards give customers the option of fast access to winnings.
"It is up to the customer how they withdraw their winnings – whether that is to their Sportsbet cash card or their personal bank account," he said.
Emerchants issues prepaid cards under an Australian Financial Services licence but is not an authorised bank. It relies on a partnership with Cuscal LImited and Heritage Bank to sell the cards.
$75K Win on Mobile Slot @ CafeCasino -
Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.
2017 Punta Cana Poker Classic Results -
The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.
NHL Odds: Winnipeg Jets vs. Minnesota Wild -
Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.
Historic weekend at Americas CardRoom -
ACR ran two $1,000,000 guaranteed tournaments last Sunday for the first time in their history; a $2,100 high roller for the BOSS Main Event and a $540 buy-in Million Dollar Sunday. They were both on the last day of the $14 Million OSS Cub3d.
WPN Affiliates Headed to Berlin Affiliate Conference -
With the Berlin Affiliate Conference just over a week away, WPN Affiliates is making a bold statement. The online poker affiliate network announced that they are eager to buy traffic and ready to make deals with affiliates looking to capitalize on some big innovations.
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