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.
-
What will the unravelling of US-China trade mean for the economy?What will a US-China decoupling mean for the global economy?
-
Scottish Mortgage: why we’re turning to private companies and China for exceptional returnsWhen it comes to delivering growth, Scottish Mortgage will stop at no end in its hunt for exceptional long-term returns - this includes China, unicorn companies and sectors such as space exploration
