Tag Archives: optimal payments

Paysafe confirms Philip McHugh as inbound CEO

Paysafe Group has confirmed the inbound appointment of Philip McHugh as new Chief Executive, replacing long-term leadership incumbent Joel Leonoff. McHugh will take charge of Paysafe’s executive team on 24 June, as Leonoff takes the governance position of Vice Chairman of Paysafe’s Board of Directors. A twenty-year executive, specialising in digital payments, retail banking and corporate finance, McHugh joins Paysafe …

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Strong opening to 2016 sees Paysafe Group outperform market guidance

Following a strong start to its 2016, FTSE 250 online payment provider Paysafe Group PLC  (Paysafe) has declared that its corporate performance is outperforming year market expectations. Paysafe Group (the merged entity of Optimal Payments and Skrill) who secured a December listing on the London FTSE, stated that its strong opening momentum will likely continue for the rest of 2016. …

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Paysafe on course for FTSE 250 with + $600 million in revenues

Announcing its first FTSE full-year earnings results, online payments provider Paysafe Group (the merged entity of Optimal Payments and Skrill) reported a 68% revenue surge to $613 million (£432 million) for its FY2015 corporate performance (period ending 31 December 2015). As expected Paysafe Group pre-tax profits were impacted by its completed November 2015 takeover of competitor Skrill. The company would …

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Optimal unifies assets under Paysafe Group brand

LSE listed online payments provider, Optimal Payments (Optimal) has rebranded to Paysafe Group. The firm is reported to have filed its name change with the LSE, which will see its corporate ticker abbreviated to PAYS.L. The rebrand sees the provider merge its proprietary brands Optimal Payments and Neteller with its acquired asset of Skrill, which was purchased in August for …

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Beat Pagano at AffiliateFEST and win $500

As part of the entertainment provided at this year’s AffiliateFEST event, aimed at up and coming affiliate talent within the iGaming industry, those taking part will have their chance to take on one of the best European poker players of all time. Organisers Optimal Payments Limited are putting up a bounty of $500 to anyone who can beat PokerStars Pro …

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Optimal Payments – AffiliateFest a key industry learning tool

AffiliateFest takes place on Monday October 12 and the event is offering a host of benefits to those in attendance. Main sponsor Optimal Payments has stated that the event will be a vital learning tool with speeches from a number of iGaming experts but beyond this industry insight, there will be one to one coaching and round table workshops which are designed …

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Joel Leonoff – Optimal governance seeks further acquisition targets

Having announced a revenue up lift of 40% to $223 million (£144 million), combined with adjusted corporate profits of $37.3 million (£24 million) for its H1 2015 performance. Optimal Payments CEO Joel Leonoff has stated that company governance is on the lookout for its next target, as Optimal aims for entry into the London FTSE 250. Having completed its €1.1billion …

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Optimal Payments – AffiliateFEST to offer invaluable support to emerging affiliate talent

iGaming industry specialist payment provider, Optimal Payments  has announced the details of AffiliateFEST, a project created by Lee-Ann Johnstone Head of Affiliates and targeted at the next generation of affiliates looking to make their mark in the iGaming sector. The acquisition and partnership focused event,  takes place at London’s Hippodrome Casino on October 12 features keynote speakers and some invaluable …

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Optimal finalises Skrill Group €1.1 billion takeover

Optimal Payments has confirmed its €1.1 billion ($1.2 billion) takeover of Skrill Group services, the acquisition sees Optimal become the biggest payment provider for the online gambling sector. The payment provider has fulfilled all takeover obligations set by the UK FCA, and met payments conditions set by majority stakeholder CVC Capital Partners, who had acquired a majority stake in Skrill …

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UK FCA approves Optimal Payments takeover of Skrill

Following a review of its $1.2 billion (£815 million) takeover of online payment provider Skrill Group, the UK Financial Conduct Authority (FCA) has approved Optimal Payments PLC (LSE) acquisition bid. Informing the market Optimal Payments governance stated that it would proceed with its full integration of Skrill Group operations, with a view to complete its takeover by 10 August. Issuing a …

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