Paysafe Group has confirmed its intentions to re-list as a public company, following its takeover by US special purpose acquisition company ‘Foley Trasimene Acquisition Corp II’ for $9 billion. This afternoon, Paysafe published its deal prospectus under the ownership of Foley Trasimene, the ‘blank cheque company’ formed by finance and sports magnet Bill Foley, to acquire the global multichannel payment …
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Fidelity National Information Services (FIS) has agreed to purchase global leading payment solutions provider Worldpay Inc for a reported $35 billion (debt not included) transaction, exemplifying the industry shift towards large scale consolidation. The deal will be biggest takeover to date in the payments industry, which will see FIS assume Worldpay’s debt obligations – bringing the total value of the …
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Seeking to deliver the best payment systems and digital transaction services for the radically alerted US gambling market post-PASPA, Worldpay Inc and Paysafe Group have this morning confirmed the development of a ‘strategic collaboration’. The two leading players in digital financial services, state that they will collaborate to enhance US gambling’s operational value chain for all current and future stakeholders. …
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Payment processing firm Worldpay is predicting a “Wager Wednesday” ahead of England’s semi-final clash with Croatia, with the Three Lions’ winning streak sending the UK into a betting frenzy. Gareth Southgate’s boys are on the cusp of glory moving into the match, and Worldpay’s analysis of consumer spending suggests that wagering will far surpass that seen in previous rounds. A …
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Online bookies are on track for a bumper week’s trading, as excitement builds in the run-up to this year’s UEFA Champions League final between Liverpool and Real Madrid, according to payment processing company Worldpay. The firm’s analysis of gambling data from last year’s showdown between Real Madrid and Juventus revealed an 18% spike in online gambling activity compared to an average …
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Five-a-side teams featuring players from some of the sports betting industry’s leading operators, suppliers, affiliates and media organisations will be taking part in the inaugural SBC Global Championship at Stamford Bridge on Tuesday 22 May. Supported by headline sponsor Trustly Group, the eight-team tournament played out in Chelsea kits will be officiated by former FIFA and Premier League referee Dermot …
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Payment processing firm Worldpay is predicting a bumper weekend for online bookmakers, as Britain welcomes the 2018 Grand National. With internal research revealing that 45% of over-65s prefer placing bets on a mobile device as opposed to in-store, Worldpay is expected this to be the year that numbers for mobile gaming surpass its counterpart for punting pensioners. Data also shows …
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Worldpay has outlined its predictions for this week’s Cheltenham Festival, detailing that there could be as much as a 45% surge in online betting activity during the four-day festival, as racing fans seek to beat the bookies. A new analysis from Worldpay utilised gambling data from the 2017 event and found that Irish punters are most likely to try their …
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The global payments sector is set to be shaken up, as the UK High Court has allowed New York-listed payment processor Vantiv to combine with FTSE100 payments group Worldpay Plc. Last August, leading US payment systems provider Vantiv put forward a £9.3 billion offer to merge with Worldpay, seeking to form the outright leader in servicing global payments for in-store …
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The good news for Paddy Power Betfair is that the company now has certainty over the succession to outgoing chief executive Breon Corcoran, writes Scott Longley, with ex-WorldPay executive Peter Jackson to be officially anointed in early January. However, the slightly less good news is that he has a lengthy order of business to address if he is to achieve the grand hopes …
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