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Instant payouts are on the way for Resorts Digital Gaming users in New Jersey.
The company announced it has formed a partnership with Nuvei Corporation, a Canadian company that provides instant-transfer capabilities for gamblers who want to send money to and from their Resorts’ online gambling accounts.
Resorts Digital Gaming CEO Ed Andrewes said in a Nuvei press release that the collaboration with Nuvei will enhance its app’s user experience:
“We’re dedicated to offering the best user experience in New Jersey to our players, and Nuvei Instant Bank Transfer is one of the most popular and convenient deposit and payout payment methods in the US iGaming market. Integrating Nuvei into our cashier supports our mission to provide all the relevant payment methods our players demand.
We’re looking forward to working closely with Nuvei and expanding our partnership where we see opportunities to accelerate our growth.”
Resorts runs multiple platforms for online gambling in New Jersey, including Resortscasino.com and MoheganSunCasino.com.
New feature could help Resorts grab more NJ online gambling market share
The Nuvei deal could be a crucial one for Resorts. Faster payouts and deposits mean happier customers and happier customers will likely boost Resorts’ online gambling revenue.
With Nuvei’s technology, users may have to wait hours or days to see a withdrawal arrive in their bank account. However, Resorts users can now make instant deposits and withdrawals. The deposit piece is an important one, as new users can send money from their bank account to their Resorts account with just one click.
There are three major players in the New Jersey online gambling universe: Golden Nugget, Borgata, and Resorts. The three casinos are the only ones to generate more than $1 billion in revenue since New Jersey online casinos launched in 2013.
Resorts typically battles with Borgata and Golden Nugget for the top spot in monthly revenue generation. Borgata has won that battle every month for the past two years…until March when Resorts tallied the most revenue in the state.
Resorts’ March revenue sent a message to the New Jersey online casino industry: Borgata is no longer the de facto king of New Jersey online gambling.
With Nuvei’s instant deposit and withdrawal technology in its arsenal, Resorts is as well-equipped as ever to usurp Borgata.
Nuvei continues brand growth
This year has been a strong one for Nuvei. Last month, Nuvei inked a deal to be the preferred payment partner of Radisson Hotels.
In April, actor Ryan Reynolds announced his investment in the company. And, in February, the company became an official partner of the Mercedes-AMG Petronas Formula One team.
The company is active in more than 200 markets worldwide. In the United States, Nuvei has partnered with several major operators, including BetMGM and DraftKings.
