Optimal Payments wins US poker deal
Optimal Payments has signed a deal with Caesars Entertainment as the Las Vegas gaming firm enters the U.S. online poker market.
Optimal Payments has signed a deal with Caesars Entertainment as the Las Vegas gaming firm enters the U.S. online poker market.
Shares in Optimal jumped after it said it would supply Caesars Interactive Entertainment with gateway services related to payment processing, fraud management and other related services.
Joel Leonoff, President of Optimal, called the contract "a ground breaking deal".
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"[It] 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," he said.
Optimal's share were up 6% in morning trading following the announcement.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Christmas at Chatsworth: review of The Cavendish Hotel at Baslow
MoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
By Dr Matthew Partridge Published
-
Tycoon Truong My Lan on death row over world’s biggest bank fraud
Property tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
By Jane Lewis Published