Paysafe, the well-known payment provider platform has announced the hiring of Zak Cutler as the CEO of North America iGaming. Philip McHugh, the CEO of Paysafe Group while commenting on the appointment of Zak Cutler stated that the company has massive potential in the online casino game business due to its position as the payments specialist in the business.

He further went on to say that in addition to the reputation of Paysafe, Zak Cutler possess the leadership qualities necessary to lead the team of highly focussed individuals at the company., making the organization better able to seize the best opportunities in the market through best-in-class payment services and products delivery.

He praised Zak Culter for being attuned to the needs of the operators and being a well-respected professional in the field and was confident that Culter would be an asset to the Paysafe group.

Paysafe and North America iGaming expanding

The iGaming business in North America is an area of great opportunity and potential for Paysafe as a number of states have legalized or are in the process of legalization online iLottery, casinos, sports betting. The industry is expected to grow and expand in the near future. Paysafe also aims to expand its operations in Europe and Canada.

Paysafe has strived hard to be the leading payments provider in the iGaming business in the United States, since the process of legalization of online sports betting, iGaming, iLottery, and casinos started in May 2018. At the current time, Paysafe is the leading payment provider that provides about 75% of the payment needs in 16 states in the United States and in Canada, it is the market leader that has partnerships with a majority of iLottery and iGaming brands.

What Cutler brings to the table

Cutler was previously employed with Jackpot, the state lottery ticket selling application, and brings to Paysafe extensive experience in the industry. Cutler has held senior roles and has been able to bring about substantial business growth at Jackpot. During his tenure as VP of Strategy and Product, Cutler was heading the division of product strategy and delivery and in this role, he has achieved an expansion of business at Jackpot. For Jackpot, Cutler managed to bring in millions of customers for iLottery products through the expansion of the Jackpot app across 10 states in the United States. He was also instrumental in forging partnerships with industry leaders such as Barstool sports.