FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Ruter Hans Martin
2. Issuer Name and Ticker or Trading Symbol

OPTIMAL GROUP INC [ OPMR ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

ABTEISTRASSE 25
3. Date of Earliest Transaction (MM/DD/YYYY)

9/11/2009
(Street)

HAMBURG, 2M 20149
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

9/16/2009 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Shares, no par value   9/11/2009     S    3679   D $3.066   517097   (1) I   See Footnote   (2)
Class A Shares, no par value   9/15/2009     S    6212   D $3.0075   510885   (1) I   See Footnote   (2)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  On August 26, 2009, the Issuer effected a one-for-five reverse stock split. This amended report reflects the effects of the reverse stock split on the transactions effected by the reporting persons.
( 2)  These shares are owned directly by RutInvest GmbH and indirectly by Hans-Martin Ruter as the sole owner and Managing Director of RutInvest who has sole voting and dispositive power with respect to all of the Shares held by RutInvest. As a result of the sale consummated on September 15, 2009, the holdings of RutInvest GmbH (and indirectly Hans-Martin Ruter) have fallen below ten percent of the issued and outstanding shares of the issuer.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Ruter Hans Martin
ABTEISTRASSE 25
HAMBURG, 2M 20149

X

RutInvest GmbH
ABTEISTRASSE 25
HAMBURG, 2M 20149

X


Signatures
/s/ Jacquelyn A. Hart, Attorney in Fact for Hans-Martin Ruter under power of attorney previously filed 9/24/2009
** Signature of Reporting Person Date

/s/ Jacquelyn A. Hart, Attorney in Fact for RutInvest GmbH under power of attorney previously filed 9/24/2009
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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