Australian payment services provider, EML Payments Limited, has announced that its EML Payments Europe Limited subsidiary has signed a multi-year deal that will see it provide online casino and sportsbook operator, GVC Holdings, with a range of branded and reloadable cards.
Sydney-listed, EML Payments Limited, used an official Monday press release (pdf) to reveal that these cards will allow players at GVC Holdings-operated sites to instantly access winnings and deposit any such funds into their accounts.
“A schedule to roll out [our] reloadable winnings cards to GVC Holdings’ European brands is expected to be confirmed over the next 90 days,” read a statement from EML. “Given uncertainties in the pace of brand roll outs and of rate of adoption in new markets, [we are] unable to accurately estimate future gross debit volume that will be derived from this program.”
The payment services provider declared that it offers a range of virtual, mobile and physical card solutions that have been designed to give its business-to-business and business-to-consumer partners ‘more control, transparency and flexibility’ over their payment processes. It stated that it handles ‘billions of dollars in payments each year’ via in excess of 1,100 programs in 19 nations with its innovations able to deal with supplier, gift, payout and incentive and rewards payments.
For its part, London-listed GVC Holdings is responsible for over 20 online gaming brands including Ladbrokes.com, PartyPoker.com, Coral.co.uk and Bwin.com and last year saw the value of its sports wagers alone reach almost $12 billion. The Isle of Man-based firm is licensed to operate in more than 18 jurisdictions across five continents and accepts wagers in 21 languages and 19 currencies.
