Optimal Payments, which owns the online payment processor, Neteller, announced that it has entered into a €1.1 billion deal to acquire its rival in the online gambling industry, Skrill (Moneybookers). Skrill is used at top notch online casinos such as Silversands Casino as a payment method, allowing players to fund their accounts and withdraw their winnings safely and securely. In fact, Silversands Casino offers players an incredible 100% bonus on each Skrill deposit they make up to R5,000.

The deal between Optimal Payments and Skrill will see the parent companies merge and join the FTSE 250 index on the London Stock Exchange.  Both companies are huge in the online gambling industry and service markets all over the world.

Paysafecard is a Skrill brand which is considered one of the largest pre-paid online voucher groups in Europe.

The chairman of Optimal Payments, Dennis Jones called the deal a “transformational transaction” which he believed would be earnings accretive for shareholders from the first full fiscal year of ownership. He also said that the deal would enable the group to deliver “enhanced services” to existing and prospective merchants and customers in all the markets covered by Optimal Payments around the globe.