Paysafe Share Discussion Threads

[verger] 04/5/2016 08:32

EH9, so the fall in the share price is not because of any adverse news but rather because the market is cautious about Paysafe's big appetite and its next move. Bring it on!

[eh9] 04/5/2016 07:03

looks to me that organic growth will turn out to have accelerated in H1 2016 judging by Paysafe's customers:

4 May 2016

Paddy Power Betfair plc

Q1 2016 Trading Update



Paddy Power Betfair plc (the "Group") today announces a trading update for the three month period ended 31 March 2016 ("Q1 2016"). The merger of Paddy Power plc ("Paddy Power") and Betfair Group plc ("Betfair") completed on 2 February 2016 and this trading update is prepared on a "Proforma" basis for the Group as if Paddy Power and Betfair had always been merged. The comparative period is the three months ended 31 March 2015 ("Q1 2015"). All results are on an underlying basis and exclude exceptional items and amortisation of intangible assets relating to the merger.



· Revenue up 16% to £339m, with good performances across all divisions

- Online revenue up 17% to £195m, with sportsbook stakes up 23%;

- Australia revenue up 25%1 to £58m, with sportsbook stakes up 31%1;

[eh9] 04/5/2016 06:55

"Chief executive Joel Leonoff told PaymentsCompliance it had PayPal in its sights following the $1bn reverse takeover of Skrill from Paysafe’s previous incarnation Optimal Payments.

The Isle of Man-based company made its name processing payments for the online gambling sector.

Now it has eyes on the billion dollar cross-border remittance market, and wants to revolutionise payments at sporting events and mobile.

It is even exploring the potential of blockchain technology.

The full integration of Skrill into its platform is nearing completion and, given the company’s hunger for acquisitions, rumours are swirling it will again dip into the market."

[netcurtains] 03/5/2016 19:45

Bank of Netcurtains target £12.00

[eh9] 03/5/2016 19:32

Paysafe nominated for evening standard tech company of the year. Vote is 30th June

[eh9] 03/5/2016 17:01

Would suspect paysafe is launching on applepay imminently given wirecard launched on applepay today and paysafe talked of this to investors. This is a key transformational step.

[eh9] 03/5/2016 16:28

Within 12 months

[paul baker] 03/5/2016 16:11

Question...when you say Barclays have a target of £5.60 for example, when do they expect it to reach this target?

[eh9] 03/5/2016 15:44

Barclays capital have a central target of 560p but an upside target of 760p should online gaming come on stream more quickly in the USA etc.

[nurdin] 03/5/2016 15:39

Deutch Bank have a target of 500p

[ali47fish] 03/5/2016 15:24

fool says this fully priced on 18 apri and share price has been falling refularly - should i sell?

[melf] 03/5/2016 08:42

In good news for the industry, an online gambling bill has been introduced to the Michigan State Senate. The bill is Senate Bill 889, better known as the Lawful Internet Gaming Act, or LIGA. It was sponsored by Republican State Senators Mike Kowall and Marty Knollenberg and Democratic State Senators Curtis Hertel Jr, Rebekah Warren and Bert Johnson, and has been referred to the Committee on Regulatory Reform.



If the Bill passes it will authorize both online poker and casino games and the bill is expected to use the iGaming set-up in New Jersey as a model. To avoid conflict with the federal Professional and Amateur Sports Protection Act of 1992, sports betting will not be permitted online. The bill intends to “protect residents of this state who wager on games of chance and skill through the internet and to capture revenues and create jobs generated from internet gaming”. Access would be restricted to players 21 and over.



If the bill passes eight licenses will be made available, for both land-based Michigan casinos and Tribal casinos. However, tribes would have to waive their standard sovereign immunity vis a vis taxes, fees and fines in order to qualify for the licence. The bill will tax gross gaming revenue (GGR) at 10% and a $5 million licensing fee would have to paid, including a non-refundable $100,000 fee. Furthermore, it is important to note that while SB 889 does mention that vendors would receive a 5 year licence, the bill does not specify which vendors would be considered eligible for licensing. This opens up the possibility of interstate and international compacting. If passed, the process would be administered, regulated and enforced by the Michigan gaming control board.



It is not particularly surprising that Michigan is one of the states moving forward with online gambling, as it is also one of only three states that operates some form of legal online lottery. Furthermore, it is one of several US states currently debating the legality of Daily Fantasy Sports. This pre-existing experience and comfort with the idea of online gaming/gambling means that progress of the bill could be smoother and quicker than has been the case in other states. This means that if the Bill has the requisite support, it could potentially pass this year. However, there is the possibility that the bill stalls or is put on hold, considering that it is currently a presidential election year.



The introduction of this bill is fantastic news for the industry. At GAN we have talked about our optimism for movement concerning online legislation this year, and we maintain our position that as states start to legalise and earn money from online gambling, a domino effect will speed up progress exponentially around the country. For now, we will keep our eye on Michigan as one of the states with a promising outlook for 2016.

[heliweli] 03/5/2016 08:35

Rise into results starts now maybe.

[napoleon 14th] 30/4/2016 10:09

I'm sure steepljack won't mind a c & p of his very sane remarks on the REDD thread.

I happen to hold both from way down lower (25p for REDD, 125p for PAYS) & feel there is a need for a long-term approach now that the sensational gains have been made.


"steeplejack 28 Apr'16 - 09:56 - 2205 of 2225

Heavy head winds in the market today partially due to the US flirting with rates rises again I suspect.
This has been a very difficult market to read in 2016.
Only one in ten active fund managers managed to beat their indices in the first quarter. Even allowing for a modicum of incompetence on their part, it goes to show how mercurial the market has been. In many instances solid sectors have come under pressure, ie housebuilders & pharmaceuticals, whilst commodities & oils have enjoyed a sizeable bounce from their lows. I don't think many feel comfortable with this sector rotation but additionally it almost smacks of investors profit taking,top slicing some good quality stocks. In reality, there's no clear explanation why Redde should fall so markedly from around the £2 mark as today's update confirms other than money is being taken off the table. If you look elsewhere at Bellway say, there's no real reason for the stock to fall in April from £28 to near £22 to recover now to near £25. So I think I'll turn a blind eye to some erratic share movements for now."

[paul baker] 29/4/2016 18:19

Roll AGM on the 25th May... expecting a good update.

[oohrogerpalmer] 29/4/2016 17:36

2 weeks ago i had my finger glued to the buy button waiting for it to drop below £4 and thought i had missed my chance.
Got them at 3.994 and thought i had done a good deal !!!!

[pshevlin] 29/4/2016 17:05

Usual day. Only exception was Wednesday.

[jarega85] 29/4/2016 15:21

Usual Friday

[oohrogerpalmer] 28/4/2016 16:51

Weird country -
If it was a gun law it would be passed within days unanimously at the first meeting -
Land of the free -
Unless you want to bet online that is !!!!!!!!!!!

Wont hold my breath waiting, China will be open quicker than Obamaland.

[verger] 28/4/2016 16:08

Well, I'm in for more.

[eh9] 28/4/2016 08:28

California is the big one for USA gambling

[lomax99] 28/4/2016 08:03

US online gaming continues to edge closer:

California Online Poker Bill Passes Key Committee Vote Unanimously hxxp://www.onlinepokerreport.com/20526/california-online-poker-passes-committee/


A California legislative committee passed a bill that would legalize and regulate online poker for the second straight year.

The bill — AB 2863 — passed the Assembly Governmental Organization Committee unanimously, 18-0, on Wednesday.

“The question of how to regulate iPoker has been in front of the Legislature for nearly a decade,” committee chair and and bill sponsor Adam Gray said in a press release after the vote. “We have not rushed this process. We have taken the time necessary to thoroughly understand and respond to the concerns put forth by stakeholders. Through this process, we have created a coalition that is willing to acknowledge the problem and support a comprehensive solution.”

Progress on the online poker bill

At the start of the hearing, Gray presented the bill, saying he believes a lot of progress has been made on generating support on the two main sticking points: the horse racing industry’s involvement, and the so-called “bad actor” provision.

The former provision was backed up by nearly unanimous support of the horse-racing industry appearing in favor of the legislation. Progress on the latter was less evident, at least publicly, on Wednesday.

The tack employed by the bill’s proponents was also noticeably different this time around than in the past. Consumer protection emerged as a central theme in supporters’ statements, with the idea that Californians will play online poker on unregulated sites whether the state acts or not.

“The bill in print right now accomplishes what is most important and sometimes gets lost in this discussion, and that’s protecting consumers,” Gray said.

That refrain included Poker Players Alliance executive director John Pappas, who did a live demo on the internet showing how many sites currently take online poker players from California.

Several people who spoke in support of the bill also noted the Assembly’s support of a bill regarding daily fantasy sports, which was moved forward largely because of consumer protection concerns.

Horse racing, all-in on online poker

The horse racing industry spoke openly in support of the online poker bill and and a $60 million subsidy that it would receive as a part of the legislation, in exchange for giving up the ability to operate in a regulated online poker market.

Beyond just speaking quietly in support of the bill, industry reps were openly pushing for the bill to be passed as a way to help prop up horse racing in the state. Whether the additional, strong support of online poker legislation helps shift the dynamic in the state remains to be seen.

There continues to be a concern that the $60 million subsidy for horse racing is an unrealistic — and unattainable — figure.

Gray, on more than occasion, indicated that he believed the horse-racing industry issue had been settled, and that he was focused on getting tribes on board regarding suitability.

Same tribal lines on online poker

The tribal divisions that have slowed the progress of past online poker bills were on display again on Wednesday.

The loudest opponents of the bill — the Pechanga and Agua Caliente tribes — continued to appear as de facto opponents of the bill.

Pechanga officially took no position on the bill, while Agua Caliente said it stood as “opposed unless amended.”

Both Pechanga and Agua Caliente continued to repeat the refrain that “bad actors” should not be allowed into the market. (This continues to be aimed at PokerStars and its presence in the U.S. market after the passage of the Unlawful Internet Gambling Enforcement Act in 2006.)

“While we have not yet come to a consensus on this issue, through recent meetings with tribal leaders, we have made serious progress,” Gray said in his opening statement.

The Morongo, San Manuel and United Auburn tribes, as well as the California Nations Indian Gaming Association, all appeared in support of the bill.

During questions after testimony was given, Gray said that suitability was the last major issue to be resolved in his bill. He indicated that he was meeting “every two weeks” with stakeholders regarding the presence of a bad-actor provision.

Not the same online poker bill

While an iPoker bill cleared the same hurdle last last year, this represents the most progress for online gaming in the state to date.

Last year’s bill was a “shell” that included no actual regulatory language, while the 2016 version is a robust piece of online gambling legislation.

California is trying to become the fourth state to legalize online poker in the U.S., joining New Jersey, Nevada and Delaware.

What’s next for the online poker bill?

The bill no longer requires approval by the Appropriations Committee in the Assembly, so it heads to the full Assembly.

It’s unclear how soon we might see action on the bill, although Gray promised that it would include suitability language by the time it comes up for a vote before the full Assembly. Given the sticky nature of that problem, it might not occur in the immediate future.

The bill’s prospects, without the support of all the tribes in the state on bad-actor language, would appear to be poor. If Gray can do what has been impossible so far and get the opposing tribes on board, then the equation changes significantly.

The bill must be passed by a two-thirds majority to reach the Senate.

Statements issued after the online poker vote
•Adam Gray
•The Morongo-San Manuel coalition
•The Rincon Band

Jeffrey B. Banke / Shutterstock.com

[heliweli] 28/4/2016 07:19

PayPal PYPL to post numbers today after wall st close.

[callmebwana] 27/4/2016 19:39

Good luck all.
Treeshake is over I hope for now.Frightend a few shaky holders here, I am sure.

Thank you for the chart 3rd Eye.