Sightline Payments, a Las Vegas, NV-based fintech company specializing in payments technology for the regulated gaming industry, received an investment from J.P. Morgan.
The amount of the deal was not disclosed. This investment round is Sightline’s first in 2022. It follows two funding rounds in 2021, which were led by William Foley’s Cannae Holdings and Searchlight Capital Partners.
As part of this deal, the company will work with J.P. Morgan Payments to develop an integrated omnichannel solution for resort and online gaming companies, serving the resort, entertainment, and lodging ecosystem.
Sightline Payments is a digital payments provider and mobile app developer focused on U.S. sports betting and casino gaming market. Its suite of mobile solutions gives consumers a secure, and responsible way to fund their online and in-person gaming activities and enables casinos to offer cashless wagering and personalized loyalty options across the entire property. Its flagship Play+ product enables consumers to safely access gaming and entertainment in nearly every regulated digital gaming company in the United States. In 2021, the company expanded its Play+ offering to support cashless gaming at casinos with launches at Boyd Gaming and Resorts World Las Vegas. The Play+ cashless offering enables players to place their funds in a secure account, giving them access to their funds anywhere, anytime while also earning loyalty for all of their spending. It also enables consumers to use their funds with more than 80 partners in 40+ states across the sports betting, lottery, horse racing, and online and brick-and-mortar casino markets.
FinSMEs
20/10/2022