Bally Tech to Offer Payment Options for Online Gambling

Gaming specialist Bally Technologies (NYSE: BYI  ) has teamed up with U.K.-based payment processor Optimal Payments to offer online gamblers payment options and related services.

Under the terms of the agreement, Bally will integrate Optimal's NETBANX payment platform into its solution for operators in the regulated U.S. gaming market. Bally's customers will be able to use the NETBANX payment gateway for services including credit card, debit card, and electronic check processing and risk management for the U.S. gaming market.

Bally VP of business development John Connelly said: "A key part of our strategy is to partner with best-of-breed providers, and we have done that with Optimal Payments to secure access to their extensive expertise in payment processing and risk management services for the regulated U.S. gaming market."

Before the passage of the Unlawful Internet Gambling Enforcement Act in 2006, Optimal Payments was formerly known as Neovia Financial until it acquired the former in 2011. It funded the accounts of gamblers with its Neteller platform, but after the UIGEA went into effect, it ended up having to pay a $136 million fine to the Justice Department to settle charges of money laundering.

In addition to reel-spinning slot machines, video slots, wide-area progressives, interactive and mobile applications, and Class II, lottery, and central-determination games and platforms, Bally also offers various casino management, slot accounting, bonusing, cashless, and table management services.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2509738, ~/Articles/ArticleHandler.aspx, 11/27/2014 6:36:30 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement