Woodbine Entertainment Introduces Instant Payouts for Belmont Stakes

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Instant Payouts. Image Credit: Shutterstock

Woodbine Entertainment announced this week that it had introduced instant payouts for punters ahead of the Belmont Stakes.

Woodbine Entertainment surprised its fans this week by announcing the introduction of instant payouts. The racetrack announced that, as a result of its partnership with NRT and AptPay, and through HPIbet.com, punters will have easier access to their winnings. The new instant payouts setup comes just in time for the upcoming Belmont Stakes.

Woodbine Entertainment is the largest horseracing operator in Canada and offers top-notch horse racing in Ontario on its Woodbine Mohawk Park and Woodbine Racetrack facilities. The company also provides off-track wagering through the Champion Tele theatre network. Remote wagering is also available through HPIbet.com, Woodbine’s mobile wagering platform.

New Instant Payout Service Now Available at Woodbine

Woodbine Entertainment announced that the new payout service, Apt-Send, was launched to all land-based and online HPIbet.com players on 7 June 2022. The service allows punters to withdraw funds directly into their bank accounts in real-time, every day of the week. Woodbine hopes that the new service will make betting on horseracing events more appealing and easier to use.

Said Kevin Maharaj, Director of Digital Strategy at Woodbine Entertainment, commented that HPIbet.com’s priority is to protect users and their data. Maharaj added that after receiving feedback from punters, the company undertook necessary steps to implement easier access to winnings. He said that Apt-Send provides HPIbet.com’s customers with a hassle-free withdrawal experience, with funds that reflect instantly on their bank accounts.

AptPay is a company renowned for its real-time payouts. By partnering with Woodbine Entertainment and NRT, AptPay provides instant winnings withdrawals into customers’ bank accounts or prepaid cards. AptPay is a PCI-compliant payment processor that boasts robust anti-money laundering and Know Your Customer checks.

Shams Syed, the CEO of AptPay, said that delivering instant access to client funds is a priority of any industry, with the gaming industry being no different. However, Syed explained that the gaming sector is tightly scrutinised with regulatory mandates set in place around anti-money laundering protocols.

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