Mohegan Gaming is strengthening its payment capacity with PayNearMe which has now partnered up with the company’s online gaming arm, Mohegan Digital, to offer better iGaming payment solutions for the company’s operations in Pennsylvania. This partnership comes a week after Mohegan Digital introduced its online casino in the market, featuring 500 games, among which are jackpots, slots, and live dealer tables.

Mohegan Gaming Bolsters Payment Capabilities

Mohegan Digital is going to benefit from PayNearMe’s MoneyLine solution which will enable Mohegan Digital and the operator’s customers to use a variety of payment options for deposits and withdrawals, including Guaranteed ACH, Cash at Retail, PayPal and Venmo, among some of the most trusted payment options.

Mohegan Digital president Rich Roberts has welcomed this opportunity to see his company gear up for expanding in the Keystone State by teaming up with one of the most prominent payment providers that will facilitate the experience for consumers in the market, making it easy for them to deposit and cash out instantly.

“PayNearMe’s MoneyLine platform allows us to stay competitive while saving our product team the significant time and cost that would have been required to integrate multiple payment types and channels,” Roberts said, speaking of the partnership.

Mohegan Digital will similarly also gain important insight into its payment systems thanks to PayNearMe, which will feature an insights dashboard that will help with analyzing customer behavior, but also improve player protection and enhance the company’s fraud and risk prevention safeguards.

Building a More Robust Offer for the Casino and

As to PayNearMe, the company’s VP and general manager of iGaming and sports betting Leighton Webb has welcomed the opportunity to work with Mohegan Digital and enhance the operator’s offering in the highly-competitive Pennsylvanian iGaming market.

“Our commitment is to help operators get to market quickly with the payment types and optimization tools they need to deliver a great player experience. We look forward to supporting Mohegan Digital’s growth as they expand their online gaming presence,” Webb said.

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The online casino market in Finland has developed a lot recently, even though the country’s government has not yet introduced legislation to officially open the market to private casino operators. Nevertheless, online casinos which cater to Finnish players have diversified their offering in terms of content and also in terms of payment methods made available to their customers.

Alongside traditional payment methods such as credit and debit cards or bank transfers, online casino operators that allow Finnish players have been adding more and more options like cryptocurrencies, e-wallets and mobile payment apps.

Speaking about the latter, mobile payment applications have become more and more popular around the world, offering people a seamless way to deposit and withdraw funds at online casinos. Brite is one such application, in which people can link their bank accounts to their smartphones and then make instant transactions.

Cryptocurrencies Gaining Ground Along With E-Wallets

Most online casinos that accept players from Finland have integrated cryptocurrency payment options, these tend to be very fast and also quite popular with the younger generation. The most popular currencies are Bitcoin and Ethereum, and these two options are available at several Finnish online casinos.

E-Wallets are also increasingly popular and mainly for the same reason: fast transactions without too much hassle. Transactions with e-wallets tend to be faster than those with credit or debit cards and definitely a lot more convenient and quick than bank transfers. There are several providers that are competing on this market, with the most popular one being big brands such as PayPal, Skrill or Neteller.

However, some banks have sensed the wind of change and have made efforts to compete with the new fintech companies by allowing instant transfers within their own e-banking applications. With these new methods players are able to send money instantly from their bank account to their casino account. Moreover, most major banks in Finland support this method, so there is plenty of access to such swift transactions.

So there are plenty of payment methods available to Finnish online casino players, ranging from the classic ones like credit or debit cards and bank transfers to the most forward-thinking options like cryptocurrencies, mobile payment applications or e-wallets.

Source: “Latest Developments in Payment Methods for Finnish Casino Players“. European Gaming. September 1, 2023.

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Global supplier of gambling technology and solutions, International Game Technology (IGT), announced today that the Global Gaming and PlayDigital divisions are the focus of a strategic evaluation by the board of directors.

Portfolio Value Maximization

In a press release, the board of directors at IGT informed all investors and stakeholders that it is currently considering a broad range of strategic options for the Global Gaming and PlayDigital businesses, including but not limited to a sale, merger or spin-off, or retaining and further investing, with the goal of unlocking the full value of the company’s portfolio.

IGT’s executive chair, Marco Sala, commented on the announcement, pointing out that IGT has been seeking to reorganize the business “around core product verticals [while] monetizing non-core assets, reducing structural costs and significantly improving its credit profile” over the past three years.

We believe the intrinsic value of IGT’s market-leading businesses and diversified cash flow profile is not currently reflected in our stock price and the timing is right to assess opportunities that may enhance value for IGT’s shareholders.

Marco Sala, exec chair, IGT

IGT’s chief executive officer, Vince Sadusky, also commented on the information, emphasizing IGT’s position as “a global leader with deep expertise in lottery, land-based gaming, iGaming and sports betting” and underscoring the company’s resolve to continue pursuing its strategic goals.

“We remain focused on the execution of our growth objectives and multi-year goals outlined in our November 2021 Investor Day as we undertake this review and evaluation of strategic alternatives,” Sadusky said, adamant that the outcome of this process will not impact IGT’s position “to deliver on its long-term growth and profit targets.”

No Timeline or Transaction Guarantee

Deutsche Bank, Macquarie Capital and Mediobanca will continue to serve as IGT’s financial advisors while Sidley Austin and White & Case will retain their positions as legal counsel and continue to assist the business in exploring strategic alternatives.

The board of directors outlined that no decision regarding the strategic alternatives at its disposal has been made, adding that the ongoing evaluation has no timeline and that there can be no assurance that the evaluation of the alternatives will result in a transaction.

IGT’s statement concludes by pointing out that the company would not provide any further comments or updates on the matters “unless and until it determines that further disclosure is appropriate or required.”

Last month, IGT’s Global Gaming division saw an expansion of its wide area progressive (WAP) jackpots into a second US jurisdiction, New Jersey, via a Wheels of Fortune link. With a reset value of $500,000, the WAP jackpot became one of the biggest in the Garden State.

Before that, the division delivered its new casino management system (CMS), IGT ADVANTAGE, to Potawatomi Casino Hotel Carter in Wabeno, Wisconsin.

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Thanks to the Multi-Balance Feature, players will be able to enjoy a more convenient banking experience at Online and Crypto Casino platforms that are powered by NuxGame’s solutions. Players will have the opportunity to deposit, play, and withdraw with different currencies without any issues.

New Payment Feature Allows for Seamless In-Game Conversion

The Multi-Balance feature introduces a new In-Game Converter option that lets players enjoy their favorite games with a preferred currency – one that is supported by the operator – even if they deposited in a different currency originally.

This makes for an even more flexible experience that will empower players at all NuxGame casinos and partner operators to make the best decisions about their bankroll and overall funds.

This is just the latest feature to be added to NuxGame’s software, after previously the company introduced a new Loyalty Program integration, helping players find something worthwhile and offering partners the chance to improve their retention rates.

Commenting on this new opportunity, NuxGame COO Denis Kosinsky welcomed the opportunity to see yet another strong technological solution that empowers customers in their everyday game decisions.

“We have empowered players to embrace diverse worlds of gaming across multiple currencies whilst reducing barriers to entry caused by transactional differences,” Kosinsky explained. He added that the new feature will make sure that players and operators use a future-proofed payment gateway that is designed to work with both traditional casinos and cryptocurrency-focused brands.

NuxGame Seeks to Grow Partner List and Introduce More Tech Solutions

NuxGame has been actively looking to make sure that its payment options are on par with player expectations. Recently, the company signed a partnership with CoinPayments to make it so that players have an easier time onboarding with cryptocurrency brands.

Meanwhile, the platform has also been expanding its content, adding titles by Pascal Games and RubyPlay, adding crash and slot games that can be shared with partner operators. NuxGame remains a leading provider of all-around solutions for the iGaming market, as it brings platform, payment, and engagement solutions for operators.

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