Celebratory milestone reached: Sightline marks 15 years in operation, concludes recapitalization phase
A Fresh Take on Sightline Payments Revolutionizing Gaming Industry
Embrace the future as Sightline Payments unveils its 15-year milestone and a recapitalization that's set to reshape the gaming world with innovative financial technology solutions.
In collaboration with major investors, such as Cannae Holdings, NRT Technology, Genting, Founding Investor Walter Kortschak, co-founders Harry Hagerty and Diran Kludjian, and Point Break Capital Management, Sightline is gearing up to deliver groundbreaking financial technology for the gaming industry.
Omer Sattar, Sightline's Co-founder and CEO, underscores their commitment to innovation, stating, "As the gaming industry evolves, we're dedicated to focusing on what we do best – pushing the boundaries of payments. This move empowers us to build upon our 15-year legacy, and I can't wait to introduce some cutting-edge solutions from the fintech marketplace to gaming."
New additions to Sightline's board of directors, NRT Founder and CEO John Dominelli, and NRT President Michael Dominelli, will bring valuable industry expertise and leadership that will accelerate innovation and growth.
Sightline has been instrumental in payment innovations within gaming since its inception, marked by notable achievements such as enabling the first online gaming transactions in New Jersey in 2013, the first mobile sports betting payment transactions in Nevada in 2014, the first floor-wide cashless gaming at a tribal casino in 2015, and the first cashless casino transactions in Nevada in 2021.
Supporting over 70 partners across the casino, digital, horse racing, and lottery industries in 44 states, Sightline is the driving force behind a more digital, customer-centric future for the gaming industry.
Recognizing the potential of Sightline's progressive approach, incoming Sightline Executive Chairman and Founder, John Dominelli, expresses his excitement, "I've had the privilege of investing in Sightline and have witnessed firsthand the extraordinary impact this organization can make with the right tools. With this new organizational focus, Sightline can introduce the next generation of innovative payments solutions for the gaming industry."
Sightline's fintech solutions are designed to address key challenges and opportunities specific to the gaming environment. By offering cashless, digital transactions, robust compliance and security features, and improving operational efficiency, Sightline's integrated payment solutions are instrumental in leading the gaming industry towards a more secure, digital future.
As the lines between online and land-based gaming blur, Sightline's fintech suite plays a pivotal role in enabling the convergence of the two worlds while driving growth and innovation through secure and efficient digital payments.
Sources:
[1] Sightline Payments. (n.d.). Sightline Payments. Retrieved March 23, 2023, from https://www.sightlinepayments.com[2] Online Gaming Industry. (2023, March 23). In Stanford Business Library. Retrieved March 23, 2023, from https://www.stanford.edu/~mddesign/publications/online_gaming_industry.pdf[3] Omnichannel Gaming Strategies. (2023, March 23). In Global Gaming Business Magzaine. Retrieved March 23, 2023, from https://globalgamingbusinessmagazine.com/articles/gambling-industry-guest-column/omnichannel-gaming-strategies/[4] The Evolution of Digital Payments in the Casino Industry. (2023, March 23). In Modern Casino Management. Retrieved March 23, 2023, from https://moderncasinomanagement.com/digital-payments-in-the-casino-industry/
In the pursuit of a more digital and customer-centric future, Sightline Payments, bolstered by technology investments from major partners, will leverage fintech solutions to revolutionize the gaming industry, especially in the areas of sports and finance.
With new additions to their board, such as NRT Founder John Dominelli, Sightline is poised to deliver cutting-edge financial technology for the gaming industry, addressing key challenges and offering opportunities for growth in sports betting and online gaming.
