EML MAKES ITS FIRST MOVE INTO CANADA

EML MAKES ITS FIRST MOVE INTO CANADA
EML Payments has secured a multi-year agreement with Luaspay Limited to launch a winnings payout card program for electronic gaming customers in Canada.

The deal extends Brisbane-based EML's (ASX:EML) reach in North America, and marks its entry into the Canadian egaming market.

The program will allow Luaspay to offer account holders in Canada a branded payment card for real-time access to their winnings, and the ability to remit these funds back into their gaming account.

It will use the same payment technology used by several Australian gaming operators.

EML CEO, Tom Cregan, says, "This program is not only our first egaming program in Canada, leveraging our solutions provided to gaming companies in Australia and Europe, but it will also be our first reloadable program in Canada, opening up a range of growth opportunities for us in the Canadian market in and outside of the egaming sector."

"We look forward to launching this program and informing the market of additional reloadable programs in Canada in the future."

EML is trading steady at $1.697 on the ASX this morning.

Business News Australia

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Four ways businesses can use artificial intelligence to triumph in 2022
Partner Content
The last two years have delivered major disruption to the technology industry and broad...
PROS
Advertisement

Related Stories

Aussie Broadband launches $344m bid for Over The Wire

Aussie Broadband launches $344m bid for Over The Wire

One of Brisbane’s Top Companies Over The Wire (ASX: OTW) has ...

Afterpay postpones vote on takeover as Square takes on a new name

Afterpay postpones vote on takeover as Square takes on a new name

Delays from the Bank of Spain in approving a multi-billion takeover...

Woolworths takes on Wesfarmers in bid for Priceline with $872m offer

Woolworths takes on Wesfarmers in bid for Priceline with $872m offer

Woolworths Group (ASX: WOW) has today thrown its hat in the ring to...

Crown opens up books to Blackstone, but says bid undervalues business

Crown opens up books to Blackstone, but says bid undervalues business

Crown Resorts (ASX: CWN) has today given suitor Blackstone access t...