Caesars Chooses Optimal Payments Gateway for Online Poker Website
Nov. 1, 2012
Optimal Payments, a Montreal-based payment services provider, this week revealed it has signed an agreement with Caesars Interactive Entertainment to provide the company a payment gateway when it launches its U.S. online poker Website.
Online poker’s legality in the U.S. remains uncertain with bills pending in Congress and in certain states that would legalize and regulate the practice. When and if Congress grants final approval to online poker—which received a boost to its prospects this summer when a federal judge in New York ruled that poker is not gambling under federal law because it is more skill than chance—Caesars expects to hit the ground running with Optimal’s gateway connecting the Website to payment processing, fraud management and related services.
Joel Leonoff, president and CEO of Optimal Payments said: “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 capitalize on the regulated U.S. market.”