Sightline Payments, a FinTech focused on payments technology for the gaming industry, has completed a strategic investment from J.P. Morgan Payments.
As part of the deal Sightline will work with J.P. Morgan Payments to create an integrated omni-channel solution for resort and online gaming companies, serving the resort, entertainment, and lodging ecosystem.
The size of the investment was not revealed.
Its flagship solution is Play+, which allows consumers to safely access gaming and entertainment in nearly every regulated digital gaming company in the United States.
Last year, the company expanded the solution to support cashless gaming at casinos and launched this service at Boyd Gaming and Resorts World Las Vegas. This service allows players to place their funds in a secure account, giving them access to their funds anywhere, anytime while earning loyalty for their spending.
It claims 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.
Speaking on the investment, Sightline co-founder and co-CEO Omer Sattar said, “A gaming patron’s money should be safe, secure, and should follow that patron effortlessly through their digital and brick & mortar lifecycle. We are confident that a strategic relationship with J.P. Morgan Payments will allow us to deliver a unique mobile user experience for those gaming industry patrons and power the digital transformation for gaming operators.”
Earlier in the year, J.P. Morgan Payments announced it would become the primary merchant acquirer for Sightline’s Play+ ecosystem.
Sightline Payments became a unicorn in 2021, following the close of a $244m funding round.
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