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Woodbine Ent. Adds Instant Payouts Ahead of Belmont Stakes

This week, Woodbine Entertainment revealed a special surprise for its many fans as it announced that it will introduce instant payouts for guests. The horse racing leader announced a partnership with AptPay and NRT, and through HPIbet.com, visitors of the properties will have easier access to their winnings. The debuting vertical comes just in time for the exciting Belmont Stakes.

Woodbine Entertainment is the largest horse racing operator in Canada and it offers outstanding horse racing in Ontario on its Woodbine Racetrack and Woodbine Mohawk Park facilities. The company also provides off-track wagering through its Champion Tele theatre network. Remote wagering is also viable through HPIbet.com, which is the leader’s mobile wagering product.

Now Available

The horse racing company announced that the new vertical will be branded as “Apt-Send”, and it is available to all land-based and online HPIbet.com players from June 7, 2022. The service allows bettors to withdraw funds directly to their bank account in real-time and every day of the week. This will make betting on any horse racing event much more appealing and easier for guests.

Said Kevin Maharaj, Director of Digital Strategy at the horse racing operator commented that HPIbet’s priority is to protect its users as well as their data and transactions. He said that after receiving feedback from bettors, the company decided to implement easier access to winnings. He added that Apt-Send allows HPIbet’s customers a seamless withdrawal experience to withdraw their winnings instantly to their bank accounts.

AptPay, is a company that is famous for its real-time payouts, and by partnering with Woodbine Entertainment and NRT it is able to offer instant winnings withdrawal directly to customers’ bank accounts or to a prepaid card. AptPay is a PCI-compliant payment processor, that also boasts robust Know Your Customer and Anti-Money Laundering checks.

Shams Syed, who is the CEO of the payment provider, said that delivering instant access for customers to their funds is one of the priorities of any industry, and the gaming industry is no different. He explains that, however, the gaming sector is tightly scrutinized with regulatory mandates and requirements around anti-money washing protocols. And now AptPay will be able to deliver almost-instant transfers to players of the horse racing leader.

More from the Operator

Also, this week Woodbine Entertainment announced its Woodbine Stars of the Month for Thoroughbred and Standardbred racing for the month of May. The company revealed that Thoroughbred candidates in contention for the honors were selected for their performances from the start of the season on April 16, 2022, through the end of May, while Standardbred ones for their appearances in May.

Not long ago, the horse racing operator also launched tickets for this year’s edition of the prestigious The Queen’s Plate race. The event is North America’s oldest continuously-run stakes race. This year will be the 163rd running of the event, and it will be taking place on August 21, 2022, meaning that fans have plenty of time to prepare their bets on the winner.

Source: “We’re Off to the Races, With Instant Payout of Winnings on HPIbet”, BusinessWire, June 7, 2022

  • Shams Syed

    Before becoming CEO at AptPay, Shams led Digital Partnerships in Canada for Mastercard, gaining insights into the entire payment ecosystem, including payment facilitators, aggregators, and the evolving six-party model. His experience extends beyond fintech, as he has collaborated with acquirers, direct merchants, consultants, and loyalty programs, allowing him to approach the financial ecosystem with a holistic perspective and develop solutions that address the needs of all stakeholders.

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