EML STRIKES UP PARTNERSHIP WITH EUROPEAN GAMING GIANT

EML STRIKES UP PARTNERSHIP WITH EUROPEAN GAMING GIANT

PAYMENTS solutions provider EML Payments Limited (ASX: EML) has entered into a multi-year agreement with Fortuna Entertainment Group.

The deal will see EML providing the gaming company with reloadable cards that can be used by customers to immediately access their winnings and put money back into their account.

Fortuna is the largest betting operator in central Europe and is regulated in all markets in which it operates.

EML will roll the program out initially in the Czech Republic and will expand through Europe if the program is successful.

"This is an exciting development for the EML business and we thank Fortuna for selecting EML to partner with and be the first operator to launch these cards in Europe," says EML Group CEO Tom Cregan (pictured).

"We look forward to working on the program launch and demonstrating the customer demand for our solution across multiple countries and markets."

During Fortuna's 20 year history the company has shaped itself as a leader in setting trends in the betting sector in Europe.

The gaming company was the first group to introduce online betting in Slovakia, the Czech Republic and Poland.

EML shares are trading down 1.57 per cent to $1.88 at around 2pm (AEST).

Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.

Business News Australia

Get our daily business news

Sign up to our free email news updates.

 
Finexia’s Childcare Income Fund secures ‘very strong’ rating from Foresight Analytics & Ratings
Partner Content
Private credit specialist Finexia Financial Group (ASX: FNX) has secured a “very...
Finexia
Advertisement

Related Stories

Macquarie Bank slapped with $10m fine after failing to monitor fraudulent transactions

Macquarie Bank slapped with $10m fine after failing to monitor fraudulent transactions

Financial services giant Macquarie Group's (ASX: MQG) bank...

Tritium charged down as administrators called in

Tritium charged down as administrators called in

Five months after attempting to turn its fortunes through jobs cuts...

Just Wines acquires collapsed spirit subscription service Liquor Loot for $1.2m

Just Wines acquires collapsed spirit subscription service Liquor Loot for $1.2m

Only eight months since rescuing non-alcoholic specialty store Sans...

UniSuper pumps $623m into Macquarie green energy and climate fund

UniSuper pumps $623m into Macquarie green energy and climate fund

One of the nation’s largest super funds, UniSuper, has commit...