Paysafe Expands New York Betting Presence in Deal with Resorts World

Paysafe Expands New York Betting Presence in Deal with Resorts World

By Lou Monaco

Fact Checked by Pat McLoone

Houston-based Paysafe announced Thursday a partnership with Resorts WorldBET, the latest mobile New York sports betting app to launch.

Paysafe initially entered the New York market in January.

PaySafe will enable players to make deposits with Resorts WorldBET by debit card and Automatic Clearing House (ACH), plus receive payouts, which it has done for multiple New York mobile sportsbooks since the state launched on Jan. 8. Resorts World's two retail casinos are Resorts World Catskills and Resorts World New York City

Paysafe, in a news release, bills itself as a leading specialized payments platform with more than 20 years of experience and an annualized transaction volume of more than $120 billion last year.

Resorts WorldBET was the eighth of nine approved mobile sports operators in the Empire State to go live when it did so March 3.

Resorts World reported its handle for the first time last week. It notched $143 million with Gross Gaming Revenue (GGR) of $177,925.

“We’re excited to partner with Resorts WorldBET, Resorts World New York's state-of-the-art mobile sports-betting app,” said Zak Cutler, CEO of North America iGaming at Paysafe, in a news release. “Given the strong correlation between payments and U.S. sportsbooks’ player acquisition, we look forward to helping Resorts WorldBET increase its customer base and revenue in 2022 and beyond.”

It will only take seconds through Paysafe for customers to bet on any March Madness game during the next two weeks or any New York professional team. Customers can use their debit card to make a mobile deposit, via iOS or Android apps.

“We’re excited to offer New Yorkers the fastest, most reliable and safest mobile sports-betting experience,” said Darlene Monzo, chief marketing officer for Genting America's East, which operates Resorts World New York. “Paysafe’s platform provides the most advanced payment processing solution, and we’re proud to have them on our team.”

Resorts WorldBET customers also can make a deposit using an ACH transfer from their bank account, using Paysafe’s connectivity, to third-party ACH warranty services, so customers are able to get real-time access to their winnings if they have a registered bank account.

RESORTS WORLD NY CASINOS

At the moment, Resorts World Casino New York City (RWNYC) in Jamaica, N.Y. (Queens) is the only casino in New York City (no live dealers). The facility offers more than 6,500 slots and electronic table games.

Resorts World Catskills (RWC) Casino Resort in Monticello is the closest full-fledged live casino to New York City, 91 miles away.

The casino resort includes an 18-story, all-suite hotel, a 100,000 square feet casino featuring 150 live Las-Vegas style table games, 1,600 state-of-the art slot machines, a poker room, private gaming salons and a 100-seat sportsbook lounge called Sportsbook 360.

The casinos are operated by Genting New York LLC d/b/a Resorts World Casino New York City, a member of the Genting Group, which was founded in 1965. The company is operating destination resorts in Malaysia, Singapore, the Philippines, South Korea and the United Kingdom.

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WRITTEN BY
EmpireStakes.com
Lou Monaco
Lou Monaco had been East Coast Scene columnist for Gaming Today in Las Vegas since June 2019, covering the East Coast sportsbook scene with emphasis on NJ and PA. He also currently is a part-time writer for the high school sports department for NJ Advanced Media (NJ.com) in Iselin, NJ. Lou has over 30 years sports experience with previous stints at ESPN SportsTicker, Daily Racing Form and Oddschecker.
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Lou Monaco had been East Coast Scene columnist for Gaming Today in Las Vegas since June 2019, covering the East Coast sportsbook scene with emphasis on NJ and PA. He also currently is a part-time writer for the high school sports department for NJ Advanced Media (NJ.com) in Iselin, NJ. Lou has over 30 years sports experience with previous stints at ESPN SportsTicker, Daily Racing Form and Oddschecker.
... Read More