NRT Technology Corp and Gaming Payments Innovator Sightline Payments Announce Merger
(Thomson Reuters ONE) -
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 mdominelli(at)nrttech.com 1(866) 646-5232 x4248
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NRT Sightline via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 20.09.2017 - 16:00 Uhr
Sprache: Deutsch
News-ID 560708
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"NRT Technology Corp and Gaming Payments Innovator Sightline Payments Announce Merger"
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