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
NRT Technology Corp. a leading provider of integrated ticket redemption and payment services to global casino operators, and Sightline Payments, 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 accelerat 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.