EML MAKES ITS FIRST MOVE INTO CANADA
Written on the 31 January 2017 by Business News Australia
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.
http://www.businessnewsaus.com.au/articles/eml-makes-its-first-move-into-canada.html