NRT Technology Corp and Gaming Payments Innovator Sightline Payments Announce Merger
Combination Will Accelerate Innovation in Mobile, Data, Cashless Payments, and Provisional Credit Solutions to the Worldwide Integrated Resort Casino Industry
LAS VEGAS, Sept. 20, 2017 (GLOBE NEWSWIRE) -- NRT Technology Corp. ("NRT") a leading provider of integrated ticket redemption and payment services to global casino operators, and Sightline Payments ("Sightline"), developers of the disruptive Play+ platform that's powering the next generation of cashless and mobile gaming payment solutions, announced today an agreement to merge. The company on closing will be named NRT Sightline and will form one of the largest pure play gaming payment technology companies in the world with an equity value of over $300 million.
Following the closing of the transaction and subject to regulatory approvals, Sightline's CEO and Founder, Kirk Sanford, will assume the role of President and CEO of NRT Sightline. NRT's current Founder, President and CEO, John Dominelli, will become Chairman of NRT Sightline and will remain active in leading the overall company strategy with a keen focus on driving the technology roadmap.
"Sightline is a perfect fit with NRT," said NRT President and Founder John Dominelli. "Kirk Sanford and his team add complementary talent and technology that we believe will help accelerate NRT's global leadership in casino payments. Together, we expect that NRT and Sightline also will accelerate our leadership in delivering innovative solutions for next generation commerce, mobile, and big data."
Sightline's cloud-based Play+ payment platform powers industry innovators such as Caesars, MGM Resorts International, Mohegan Sun, Station Casinos, Golden Nugget, William Hill, PokerStars and BetFair, which are creating compelling new consumer experiences and disrupting traditional cash-based ecosystem models.
Sightline's Founder and CEO Kirk Sanford said: "Sightline's growth has skyrocketed over the past several years and the alignment with NRT will continue to push the boundaries of innovation while expanding its customer base with increased speed and support from the extensive resources of the NRT infrastructure. John and I have a shared vision for the global gaming industry, which we intend to rapidly transform with many technological advancements that we already have in the works."
Play+, Sightline's award winning technology gives patrons a convenient and cost effective alternative to obtaining cash from current methods by allowing them to pay for their gaming experience using only their mobile devices or directly at gaming devices and POS using only their casino loyalty card. NRT already has a strong presence in gaming with payment volumes of more than $15 billion a year.
About NRT Sightline
On closing, NRT Sightline(TM) is a global leader in the design and development of enterprise platforms for the casino industry. Every year we enable more than 1 billion physical and digital commerce experiences at over 600 casino properties worldwide. By seamlessly combining technological innovation with strategic partnerships, we create the most convenient, reliable, and secure omni-channel payment ecosystem for casino operators and their guests. NRT Sightline has been recognized with numerous industry awards, including the coveted "Most Innovative Gaming Technology Product of the Year" for our Play+(TM) cloud-based cashless funding platform. Our solutions are used by casinos, lotteries, race and sports, banking & retailers around the world. We operate across 7 countries and have corporate offices in Las Vegas, Toronto, Macau, and Singapore.
For further information please contact Michael Dominelli, NRT Sightline's Chief Marketing Officer email@example.com 1(866) 646-5232 x4248
Information om Nasdaq OMX
Følg pressemeddelelser fra Nasdaq OMX
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Nasdaq OMX
3Gtms21.3.2018 15:02 | pressemeddelelse
3Gtms Positioned in the Niche Players Quadrant of the Gartner Magic Quadrant for Transportation Management Systems
Addivant21.3.2018 14:39 | pressemeddelelse
Addivant Announces Price Increases on Hindered Amine Light Stablizers
VistaJet Ltd21.3.2018 14:19 | pressemeddelelse
VistaJet Connects Customers and Their Passions With the Global British Polo Day Tour
Boyden21.3.2018 06:04 | pressemeddelelse
Boyden Focuses on Expansion in Nordic Region
Institutional Investor News21.3.2018 06:04 | pressemeddelelse
Intesa Sanpaolo, Iberdrola, and Ryanair Among Big Winners on Institutional Investor's 2018 All-Europe Executive Team Rankings
VITEC20.3.2018 17:01 | pressemeddelelse
VITEC Adds Powerful New Video Wall and DRM Functionality to EZ TV IPTV and Digital Signage Platform
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum