Optimal and Caesars Interactive sign agreement for US market
Optimal Payments to provide Caesars Interactive Entertainment with payments and related services for its entry into US regulated online poker market
London, Monday 29 October 2012 – Optimal Payments (LSE: OPAY), a leading global online payment provider, has signed an agreement with Caesars Interactive Entertainment, Inc. (“CIE”), a subsidiary of Caesars Entertainment Corporation, to provide payments and related services as part of CIE’s entry to the U.S. regulated online poker market.
Under the agreement, subject to any necessary regulatory approvals, Optimal will supply CIE with gateway services related to payment processing, fraud management and related services.
“This is a ground breaking deal for Optimal Payments and demonstrates our ability to provide real value to globally renowned, land-based gaming operators and their leading brands, as the first step in our strategy to capitalise on the regulated U.S. market” said Joel Leonoff, President & CEO of Optimal Payments.
ABOUT OPTIMAL PAYMENTS PLC
Optimal Payments is a global provider of online payment solutions. Trusted by businesses and consumers in over 200 countries and dependencies to move and manage billions of dollars each year, merchants use the NETBANX® processing service to simplify how they accept and settle credit card, direct-from-bank, and cash payments; and theNETELLER® payment service to increase margins, capture new customers and increase their lifetime value. Being an independent provider has allowed the company to support tens-of-thousands merchants around the globe across a wide range of industries. Optimal Payments Plc. is quoted on the London Stock Exchange's AIM market, with a ticker symbol of OPAY. Subsidiary company Optimal Payments Ltd is authorised and regulated as an e-money issuer by the UK's Financial Conduct Authority (FCA, FRN: 900015).
MEDIA AND INVESTOR CONTACTS
Optimal Payments' media relations team can be contacted through the Media Relations Contact page. Relations with the investor and analyst community are managed by Citigate Dewe Rogerson who can be contacted through the Investor Relations Contact page.