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</o:shapelayout></xml><![endif]--></head><body lang=EN-AU link=blue vlink=purple><div class=WordSection1><h1>EML shares surge on bet365 card contract<o:p></o:p></h1><ul type=disc id=story-info><li class=story-infobyline style='mso-list:l1 level1 lfo1'>By <strong><span style='font-family:"Calibri",sans-serif'>Alex Druce</span></strong><o:p></o:p></li><li class=story-infosource style='mso-list:l1 level1 lfo1'>Australian Associated Press<o:p></o:p></li><li class=story-infotimestamp style='mso-list:l1 level1 lfo1'>11:05AM April 23, 2019<o:p></o:p></li></ul><p class=selectionshareable>Shares in Aussie payment tech company EML Payments are trading more than 12 per cent higher after it announced a deal to provide a reloadable betting card to bet365's US customers.<o:p></o:p></p><p class=selectionshareable>The launch of the branded bet365 card in New Jersey - where sports betting has only recently been legalised - will be the 13th branded reloadable prepaid program in the gaming industry EML is managing across Australia, Europe, the UK and the US.<o:p></o:p></p><p class=selectionshareable>Shares in EML rose by 22 cents, or 12.6 per cent, to $1.96 on the ASX at 1055 AEST on Tuesday - up 62 per cent from $1.21 a year ago.<o:p></o:p></p><p class=selectionshareable>Under the agreement, EML will give bet365 customers a reloadable card to both remit funds into their gaming account, alongside the existing ability to access winnings.<o:p></o:p></p><p class=selectionshareable>The initial program in New Jersey is expected to launch in mid-2019 following regulatory approvals.<o:p></o:p></p><p class=selectionshareable>The partnership has the potential to expand as bet365 moves into other US states, EML said on Tuesday.<o:p></o:p></p><p class=selectionshareable>bet365 is recognised as the world's largest online sports betting company, with revenues of more than $US3 billion and 4,000-plus employees.<o:p></o:p></p><p class=MsoNormal><span style='color:black'><o:p> </o:p></span></p></div></body></html>