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Paysafe, Golden Nugget expand iGaming partnership

Thursday, June 03, 2021 — 11:30:43 (EDT)

Jun 03, 2021 - Houston, Texas – Paysafe (NYSE: PSFE), a leading specialized payments platform, today announced its expanded partnership with Golden Nugget Online Gaming, Inc. (NASDAQ: GNOG), a real-money online gaming brand. GNOG’s online casino for the regulated Michigan market has now plugged into Paysafe, also connecting the brand to the Guaranteed ACH technology of Global Payments Gaming Solutions, a division of Global Payments.

Following Michigan’s regulated online gaming market going live in January 2021, GNOG launched a sophisticated online and mobile real-money casino, and its payment offering is now powered by Paysafe. The brand’s integration with Paysafe’s payments platform and best-of-breed payment gateway enables Michigan players to quickly and securely make deposits by credit and debit card to enjoy a wide array of video slots, table games, video poker, and live dealer games.

The Paysafe platform will also seamlessly connect GNOG’s Michigan iGaming brand to Global Payments Gaming Solutions’ warranty ACH service, allowing players to electronically fund their wagers and get real-time access to their winnings through their registered bank account. The implementation allows Paysafe to tap the value of Global Payments Gaming Solutions to enable better funding options with some of the best terms and limits in the industry.

GNOG and Paysafe’s latest U.S. move builds on a successful and long-standing partnership in the New Jersey iGaming market. The payment provider has powered the payment offering of GNOG’s Golden Nugget Online Casino since the Garden State’s regulated real-money online casino and poker market went live in November 2013. With Paysafe’s support, the brand has long been one of the leading online casino brands in the New Jersey market.

When GNOG debuted the Golden Nugget Sportsbook in New Jersey in February 2019, the operator’s partnership with Paysafe extended into the sports-betting space. Their entry into Michigan’s iGaming and sports betting market is expected to be followed by other launches later in 2021, including West Virginia and Pennsylvania.

Gregory Kirstein, Vice President of Business Development, iGaming at Paysafe, said: “We’re delighted to grow our partnership with Golden Nugget into Michigan, and we’re pleased that they recognize our value in supporting customer acquisition, retention and overall revenue growth in the states where they are now operating. We look forward to continuing our dedicated support in Michigan in collaboration with Global Payments.”

Thomas Winter, President at Golden Nugget Online Gaming, commented: “Like every U.S. iGaming operator, getting payments right has always been an important focus for us. Our partnership with Paysafe in New Jersey has helped us streamline and improve payments for us and our customers, and so when we chose to enter the bigger market of Michigan, extending the partnership was an easy choice that made sound business sense.”

About Paysafe Limited

Paysafe Limited (“Paysafe”) (NYSE:PSFE) (PSFE.WS) is a leading specialized payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With over 20 years of online payment experience, an annualized transactional volume of US $92 billion in 2020, and approximately 3,400 employees located in 12+ global locations, Paysafe connects businesses and consumers across 70 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at www.paysafe.com.

About Golden Nugget Online Gaming, Inc. (“GNOG”)

Golden Nugget Online Gaming is a leading online gaming company that is considered a market leader by its peers and was first to bring Live Dealer and Live Casino Floor to the United States online gaming market. GNOG was the past recipient of 15 eGaming Review North America Awards, including the coveted "Operator of the Year" award in 2017, 2018, 2019 and 2020.

About Global Payments Gaming Solutions

Global Payments Gaming Solutions, a division of Global Payments, enables the world’s gaming entertainment leaders to create amazing consumer experiences and maximize spend across all of their physical and digital properties. Our complete suite of payment solutions enables safe, secure and trusted cash access at the cage, on the casino floor, or online. Learn more at www.globalpaymentsgaming.com.

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Source: Company press release.