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Caesars Interactive and Optimal Payments Pen Agreement

In preparation for a regulated poker market in Nevada, Optimal Payments has announced an agreement with Caesars Interactive.

Optimal, which owns the NETeller, NetBanx and Net+ brands, will provide Caesars with payment processing and fraud management services.

In addition to the usual regulatory approvals, the deal is dependent upon both Caesars Interactive Entertainment and Optimal receiving licenses from the Nevada Gaming Commission.

Joel Leonoff, president and chief executive at Optimal Payments, said:

“This is a groundbreaking 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 capitalize on the regulated U.S. market.”

Optimal, which processes payments in 190 countries, provided services to US gamblers via its NETeller brand until the Department of Justice seized approximately $60 million in payments in 2007 and arrested co-founders John Lefebvre and Steven Law.

Optimal shares rose 12% on the London Stock exchange today.

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