Paysafe has strengthened its focus on iGaming, with the appointment of seasoned iGaming executive, Zak Cutler, as CEO, North America iGaming.
In taking the newly created executive role, which reports directly to Group CEO, Philip McHugh, it forms part of Paysafe’s ongoing strategic focus in the North American iGaming vertical which continues to show explosive growth as more and more states in the U.S. regulate online gambling, sports betting and iLottery.
Philip McHugh, Paysafe’s CEO, commented on the appointment: “We believe Paysafe has huge potential to win in North American iGaming given our track record as the de facto payments specialist in this sector globally.
“Now, with the additional leadership bench strength of Zak at the helm of our highly focused team, we are in a better position than ever to help operators seize the opportunities out there through the delivery of best-in-class payments products and services. Zak is very attuned to operator needs and is highly regarded by all who know him in the industry. He will be a real asset.”
Cutler added on his new role: “As a former Paysafe customer for many years, I’m thrilled to now have the opportunity to join the team in this capacity. While at Jackpocket and DraftKings, I was always impressed by Paysafe’s industry-leading products, and their foresight to invest in the North American iGaming industry long before it was in the mainstream.
“I also admired the team’s ability to develop deep relationships with customers. This approach resonates with my own style and commitment to helping iGaming operators grow rapidly through the delivery of outstanding products and unrivalled partnership. I’m really looking forward to playing my part now as a member of the team – I believe we are in the early innings of a massive opportunity.”
