Caesars Entertainment Partners Optimal Payments for Online Poker Payments

Caesars Entertainment Partners Optimal Payments for Online Poker Payments November 26, 2012 November 26, 2012 Tim Glocks
Posted on  Nov 26, 2012 | Updated on  Nov 26, 2012 by Tim Glocks

Caesars Interactive Entertainment, by far the biggest and most well reputed poker and gambling enterprise in the entire state of Nevada, recently announced a partnership with Optimal Payments for the purpose of setting up online transactions between players and their online gambling site.

Players may be reassured to note that Caesars Interactive Entertainment has signed on a payment processor in the online poker industry. Optimal Payments is listed on the London Stock Exchange and is registered as a publicly traded company. It is better known as NeTeller.

According to the terms of the agreement, Optimal Payments will provide Caesars with reliable payment processing services as soon as the Caesars Interactive Entertainment brand goes online with its poker offerings and other casino games for players. Players will be familiar with how NeTeller works and are not likely to have problems with this payment processor. NeTeller or Optimal Payments will manage several facets of the payment processing and financial transactions sector as launched by Caesars Interactive Entertainment. The payment processing company will handle fraud management and also payment processing primarily.

Joel Leonoff, Optimal Payments’ Chief Executive Officer and President, commented on the new partnership and appeared pleased with the future prospects.

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

As of now, both companies, namely Caesars Interactive Entertainment and Optimal Payments are waiting for the Nevada Gaming Control Board to license and approve the agreement; however, this is expected to be a simple formality and no obstacles are predicted in the process.

Now that online poker is well on its way to being legalized in the state of Nevada, many casino and gambling enterprises are setting up the processes to make the online transactions of its players a matter of reliability and ease. Caesars Interactive Entertainment is one of the first licensed operators of online poker and online gambling services in Nevada and is expected to bring in a lot of profits as Nevada has licensed interstate gaming.

Caesars Interactive Entertainment has been preparing for the authorization of interstate poker in the state of Nevada and tied up with to harness its online poker and casino gambling platform.

Tim GlocksAuthor

Tim Glocks is a retired professor, he currently contributes to Tim enjoys playing poker and has taken it up as a hobby since his retirement. He has taken part in many online tournaments and has become a veteran in a short space of time. Visit Tim’s google + page here