• London Stock Exchange Receives Paysafe Group

    23 December 2015

    Paysafegroup

    It might sound strange to some people from places like the United States, but there are tons of online gambling companies that are publicly traded. These companies are viewed as being just as legitimate as any other business, chiefly because they are. However, the main market for the London Stock Exchange, just like the main markets for many other stock exchanges, is still the place to be, and that's where the Paysafe Group is headed.

    About the Move

    The Paysafe Group is moving from the AIM section to the main market. They currently have about 479.6 million ordinary shares, and all of those will be directly carried over to the main market. There will be no new shares created, and their code is going to remain PAYS. Additionally, their ISIN will be GB0034264548. It's important to point out that this is just a move to a different market, and there is no fund-raising going on here.

    Importance of the Move

    Moving from the AIM to the main market requires that a company is large enough to justify the move. The Paysafe Group represents one of the biggest groups for online transactions in the world, and they also hold a majority of the transactions in the online gambling world. They were previously known as Optimal Payments, and they own Neteller, Skrill, the now-defunct Ukash that was replaced with a similar method Paysafecard, and a number of other options for players. While Neteller and Skrill used to be the two main competitors in the eWallet space for online gambling, this has changed since the Paysafe Group bought out Skrill earlier this year.

    Meaning for the Industry

    This is a pretty important move, especially after they dealt with the release of information from an old set of attacks on their servers. It's a big deal because it brings even more legitimacy to the industry by showing that the biggest name in payment processing is good enough to be on the main market for the London Stock Exchange, one of the most important stock markets in the world. Overall, this is great news for online gambling, and it could help the image of the industry in some pretty major ways.

    Related News

    • Design works gaming lands kindred group content deal gc %281%29

      Gambling News

      Design Works Gaming Agrees Deal with Kindred GroupIvan Stefanovic26 July 2021

      Design Works Gaming (DWG), the Arizona-based casino provider, has increased its European market through collaboration with Malta-based casino provider, Kindred Group. According to the deal, Design Works Gaming agreed to supply Kindred with its premium games that are created to boost excitement and bring the atmosphere of Las Vegas nightlife. More than 80% of DWG’s titles have unique game attributes and very good math models.

      Read full article
    • Microgaming established partnership with doubleup group

      Gambling News

      Microgaming Establishes Partnership with DoubleUp GroupIvan Stefanovic18 June 2021

      Microgaming has entered into a partnership with DoubleUp Group under which the game provider will distribute its set of games to Doggo Casino. They will integrate the online casino with the leading developer's platform, which enables them access to the most popular games in the industry. DoubleUp Group was established in 2020 and operates from headquarters in the Netherlands. The company has grown fast and now they are working together with the team in Malta.

      Read full article
    • Gaming agrees with jvh gaming and entertainment group

      Gambling News

      ORYX Gaming Agrees with JVH Gaming & Entertainment GroupIvan Stefanovic18 January 2021

      ORYX Gaming has expanded its influence in the Dutch market ahead of the planned opening following a partnership with Dutch operator JVH Gaming & Entertainment Group. ORYX will provide its Hub gaming platform to its new partner and deliver access to a variety of aggregated content from RGS and third parties.

      Read full article