Optimal Payments NETBANX will be providing financial services for the Ontario's regulated gambling site, PlayOLG.
The Ontario Lottery and Gaming Corporation's venture into the world of Canadian online gambling has a new partner in Optimal Payments NETBANX, an online payment processor. The contract has been signed for an initial five years for the province's only regulated gambling site to have an accessible and trustworthy payment service in place. This puts PlayOLG in place with thousands of other sites and companies that use the top notch services provided by Optimal.
The Senior Vice President of Charitable and Online Gaming at OLG, George Sweeney, said, "Optimal Payments' NETBANX system will assist PlayOLG in offering an iGaming solution that is entertaining, exciting and focused on customer service, safety and security." He has also reaffirmed PlayOLG's commitment to return profits to the province so that they can be used to provide funding for social causes and charitable organizations.
Optimal Payments has built itself an excellent reputation and strong partnership base by recently signing contracts with Caesars Interactive Entertainment for both the Nevada and New Jersey markets. They have also renewed their agreement with Loto-Quebec's online gambling site, Espacejeux. Last year, the company's ties with others brought it approximately $193 million in earnings, demonstrating further the type of powerhouse that is working with PlayOLG. NETBANX further shows it's staying power by being the first payment processor operating in the United Kingdom all the way back in 1996 and is going stronger than ever today, a rare feat of longevity for most online businesses.
Joel Leonoff, President and CEO of Optimal Payments NETBANX said, "We are the ideal service provider because we set the standard in providing a comprehensive iGaming solution that is designed for regulated markets. This agreement is further concrete evidence of our capability to deliver on our strategy to extend our reach in the regulated North American online gaming market."
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