{"id":36,"date":"2024-06-11T15:56:40","date_gmt":"2024-06-11T12:56:40","guid":{"rendered":"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/11\/paypal-quietly-re-enters-us-online-gambling-market-through-caesars-interactive-entertainment\/"},"modified":"2024-06-12T10:38:00","modified_gmt":"2024-06-12T07:38:00","slug":"paypal-quietly-re-enters-us-online-gambling-market-through-caesars-interactive-entertainment","status":"publish","type":"post","link":"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/11\/paypal-quietly-re-enters-us-online-gambling-market-through-caesars-interactive-entertainment\/","title":{"rendered":"PayPal Quietly Re-enters US Online Gambling Market Through Caesars Interactive Entertainment"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/ue4JyfieTsg\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>PayPals reemergence in the American online gaming sector has caused quite a stir.  Numerous specialists, such as industry veteran David Cook, view this as a watershed event, potentially eclipsing the legalization surge that commenced in 2013.  The astonishment arises from PayPal&#8217;s tentative return to US gambling after a prolonged hiatus following the implementation of UIGEA. <\/p>\n<p>The shift was initially detected when Caesars Interactive Entertainment&#8217;s WSOP.com platform in Nevada discreetly started accepting PayPal.  Presently, the payment behemoth is surfacing on a multitude of regulated websites.  This holds substantial weight for several factors.  Firstly, PayPal commands a colossal user base in the US, surpassing 50 million as per Forbes.  This instantaneously renders regulated online gambling more attainable for a vast pool of prospective participants.  Secondly, PayPal&#8217;s standing for security and customer safeguards instills a sense of confidence in players who might have been reluctant to utilize alternative methods.  Lastly, having PayPal as a choice provides legal, regulated operators with a considerable advantage over their unregulated offshore rivals. <\/p>\n<p>Essentially, Ruddock&#8217;s interest in this narrative stems from the sheer magnitude of PayPal.  Established in 1998 and purchased by eBay for a hefty $1.5 billion in 2002, the two entities separated last year in a decision that significantly affected eBay&#8217;s market capitalization.  PayPal boasts more than 173 million active accounts worldwide, and their latest yearly figures (from 2014) revealed a GAAP income of $12.7 billion.<\/p>\n<p>Their collaboration with CIE broadened to encompass all of CIE&#8217;s digital brands in New Jersey, including major players like CaesarsCasino.com, HarrahsCasino.com, and WSOP.com. As one might expect, PayPal is prominently displayed as a funding option on 888&#8217;s New Jersey internet casino and poker platforms, which are operated by CIE. <\/p>\n<p>One could argue PayPal slipped into the picture like a pupil sneaking into the rear of a lecture theater after a late evening, hoping their lateness went unnoticed.  While there hasn&#8217;t been a celebratory fanfare (at least not openly), the introduction is probably a breath of fresh air given the extended prelude. Speculation regarding PayPal&#8217;s venture into regulated internet gaming transactions with a handful of providers was already circulating back in August 2014. <\/p>\n<p>Bill Rini from CIE commented, &#8220;The company is enthusiastic about PayPal&#8217;s venture into this sector, but we don&#8217;t anticipate it being as transformative as, for instance, Steve Radack believes.&#8221;<\/p>\n<p>Neither CIE nor PayPal has delivered an official announcement regarding this alteration. This discreet launch is precisely what Radack highlighted. During a discussion with Gambling Insider, Radack expanded upon the importance of this progression. &#8220;Speculation had been circulating for several weeks,&#8221; he stated. &#8220;When eBay divested the company, it created an opportunity for a policy adjustment.  Generally, it wasn&#8217;t entirely unexpected.  Nevertheless, PayPal has maintained a longstanding policy of declining to handle any type of wagering transactions, so witnessing them test the waters is unexpected.&#8221;<\/p>\n<p>It&#8217;s noteworthy that PayPal isn&#8217;t the initial payment processing leader to penetrate the New Jersey market. Mastercard and Visa are payment choices on all 13 of New Jersey&#8217;s authentic online gaming platforms. Mastercard&#8217;s earnings in 2014 reached $9.47 billion, while Visa&#8217;s modified operating income for the fiscal year concluding September 30, 2015, totaled $9.06 billion.<\/p>\n<p>CIE affirmed that the information regarding its websites providing PayPal as a payment choice had indeed been disclosed, just not disseminated to news outlets. We were informed back in September that the operator wasn&#8217;t intending to distribute a press statement, which aligns with CIE&#8217;s company protocol each time it integrates a new payment service provider. <\/p>\n<p>William Rini, the top dog of online poker at the World Series of Poker (WSOP), didn&#8217;t break out the bubbly when PayPal cautiously entered the online gambling arena.  His reaction to the enthusiasm expressed by Steve Ruddock (previously mentioned) was far more subdued.  Rini, while acknowledging Ruddock&#8217;s viewpoint, believed he might be jumping the gun.  Certainly, PayPal&#8217;s foray into the sector turned heads and even ruffled some feathers among payment processors, but a complete upheaval?  Not so fast, argued Rini.<\/p>\n<p>Further fanning the flames, &#8220;Gaming Intelligence&#8221; contacted PayPal for a statement but received a standard press release regarding the trial program, which also disclosed that TwinSpires and Derby Jackpot, two online horse racing platforms, were participating in this test.  PayPal remained tight-lipped, declining to share any future strategies for real-money gambling.<\/p>\n<p>Concurrently, Amaya, the corporation that owns PokerStars (and essentially holds a stranglehold on the online poker realm with a 68% market share as of mid-2015), is preparing to launch in New Jersey.  With such a titan entering the fray, PayPal&#8217;s effect might not be as earth-shattering as initially perceived.  Factor in Amaya&#8217;s anticipated New Jersey debut within the coming six months, and the market could undergo a rapid transformation.  Attempting to pinpoint PayPal&#8217;s influence amidst these developments is a futile endeavor at this juncture. <\/p>\n<p>Absent PokerStars from the equation, PayPal&#8217;s foray into the US internet gaming sector could be transformative.  Currently, New Jersey reigns supreme in the realm of online wagering within the US.  Although they&#8217;ve encountered obstacles, attributing the lack of expansion solely to payment processing is a tad exaggerated.<\/p>\n<p>Indeed, there were initial snags with credit card transactions, but the situation has vastly improved.  Alternative payment avenues such as PayNearMe and Neteller, and now PayPal, have surfaced, providing players with a wider array of choices.  While credit cards remain prevalent, their occasional unreliability poses a challenge for the industry.<\/p>\n<p>To declare payment processing as the sole impediment to market growth is an oversimplification.  It&#8217;s undoubtedly a contributing element, but not the ultimate determining factor.  The market is still in its nascent stages of development, and other variables are also influencing its trajectory. <\/p>\n<p>As you may have seen in this publication, we had the opportunity to interview David Rebuck, the director of New Jersey&#8217;s gaming regulation. Our conversation covered a wide range of topics, including the matter of transaction processing. Unlike some individuals, Rebuck expressed enthusiasm about PayPal&#8217;s re-entry into the online gaming sphere. He views it as a significant development.  He remarked, &#8220;Having PayPal on board is a major victory for us. In the past, even before online gaming was legalized in New Jersey, certain federal banking regulations made banks and financial institutions quite reluctant to engage with anything related to online gaming, even if it was lawful. However, PayPal&#8217;s return to the scene alters that, and I believe it&#8217;s a positive development for us.&#8221;<\/p>\n<p>Although there are varying perspectives on the magnitude of PayPal&#8217;s impact on the US online gaming market, one thing is certain: it represents progress. As the US continues to navigate the complexities of regulated online gaming, it will be intriguing to observe how events unfold.<\/p>\n<p>This article was initially published in the January\/February edition of Gambling Insider magazine. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>PayPals reemergence in the American online gaming sector has caused quite a stir. Numerous specialists, such as industry veteran David Cook, view this as a watershed event, potentially eclipsing the&hellip;<\/p>\n","protected":false},"author":48,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PayPal Returns to US Online Gaming: Is This Bigger Than 2013?<\/title>\n<meta name=\"description\" content=\"Industry experts like David Cook are calling PayPal\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/11\/paypal-quietly-re-enters-us-online-gambling-market-through-caesars-interactive-entertainment\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PayPal Quietly Re-enters US Online Gambling Market Through Caesars Interactive Entertainment\" \/>\n<meta property=\"og:description\" content=\"Industry experts like David Cook are calling PayPal\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/11\/paypal-quietly-re-enters-us-online-gambling-market-through-caesars-interactive-entertainment\/\" \/>\n<meta property=\"og:site_name\" content=\"Where Casino Enthusiasts Find Their Winning Stride | Licensed\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-11T12:56:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-12T07:38:00+00:00\" \/>\n<meta name=\"author\" content=\"Aiden &quot;Ace&quot; Cruz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aiden &quot;Ace&quot; Cruz\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/11\/paypal-quietly-re-enters-us-online-gambling-market-through-caesars-interactive-entertainment\/\",\"url\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/11\/paypal-quietly-re-enters-us-online-gambling-market-through-caesars-interactive-entertainment\/\",\"name\":\"PayPal Returns to US Online Gaming: Is This Bigger Than 2013?\",\"isPartOf\":{\"@id\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-11T12:56:40+00:00\",\"dateModified\":\"2024-06-12T07:38:00+00:00\",\"author\":{\"@id\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/#\/schema\/person\/9a2e6cf1e3ec0f1a46e5a871661ebdf2\"},\"description\":\"Industry experts like David Cook are calling PayPal\",\"breadcrumb\":{\"@id\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/11\/paypal-quietly-re-enters-us-online-gambling-market-through-caesars-interactive-entertainment\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/11\/paypal-quietly-re-enters-us-online-gambling-market-through-caesars-interactive-entertainment\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/11\/paypal-quietly-re-enters-us-online-gambling-market-through-caesars-interactive-entertainment\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PayPal Quietly Re-enters US Online Gambling Market Through Caesars Interactive Entertainment\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/\",\"name\":\"Where Casino Enthusiasts Find Their Winning Stride | Licensed\",\"description\":\"Stay on top of the online gambling world through our regularly updated news, in-depth reviews, and informative insights. 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