Digital Transactions Authoritative, insightful and timely information for payments professionals
Pala Interactive LLC, an online gambling operator, will use payment-processing services from Optimal Payments Plc, Optimal announced this week.
Online gambling revenue in the United States is forecasted to be $2.6 billion by 2017, according to one estimate. Another estimate, from Odobo and H2 Gambling Capital, forecasts $7.7 billion in U.S. online gambling winnings by 2017. That forecast envisions some type of online gambling in 17 states by then.
Pala Interactive owns and operates the Pala Casino Spa and Resort in Pala, Calif. Its majority shareholder is the Pala Band of Mission Indians.
Earlier this month, Pala Interactive gained authorization from the New Jersey Division of Gaming Enforcement to provider online gaming in the state. The online gaming company has a partnership with the Borgata Hotel Casino & Spa in New Jersey.
“A key element of our strategy is to partner with best-in-breed providers, such as Optimal Payments, that bring expertise in payment processing and risk management services,” said Jim Ryan, Pala Interactive chief executive, in a press release. “Together, we will address the needs of the regulated U.S. gaming market, state-by-state.”
In July, payment processor First Data Corp. launched a suite of products labeled PayLucky for gambling and gaming providers.
