Sightline Payments Celebrates 15 years, Completes Management and Shareholder Led Recapitalization

Leading gaming fintech company Sightline Payments celebrates its 15th year and announced the completion of a recapitalization process that fully enables Sightline to revolutionize the gaming industry through innovative financial technology solutions.

Most major Sightline investors recommitted to the business through the recapitalization process, including Cannae Holdings, NRT Technology, Genting, Founding Investor Walter Kortschak, co-Founders Harry Hagerty and Diran Kludjian, and Point Break Capital Management, amongst others. The reconstituted Sightline Board of Directors will also include NRT Founder and CEO John Dominelli and President Michael Dominelli.

Throughout its 15 year history, Sightline has delivered many groundbreaking payments innovations in gaming including supporting 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. These innovations have helped fuel the rise of the $30 billion U.S. digital gaming industry and advanced omnichannel payments across all gaming verticals. Today, Sightline supports more than 70 partners across the casino, digital, horse racing and lottery industries in 44 states.

“As the gaming industry continues to change, we at Sightline want to focus on what we do best – payments innovation. This enables us to continue to deliver on our 15 year legacy, and I can’t wait to bring some of the innovations we see across the fintech marketplace to gaming. I want to thank all of our investors for their commitment to Sightline and our partners who have and continue to believe in us,” said Sightline co-Founder and CEO Omer Sattar.

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Sattar continued: “The appointment of John Dominelli as Chair and Michael Dominelli to the Board of Directors signifies a pivotal step in strengthening the delivery of product at Sightline. As leaders at NRT Technology, John and Michael bring a wealth of industry expertise and leadership that will drive innovation and growth. Their roles on the Board reinforce our commitment to collaborative success and reflects the confidence both companies and our shareholders have in this partnership.”

“I’ve had the pleasure of being an early investor in Sightline and have seen firsthand what the organization can do with the right tools. With this new organizational focus, Sightline can further introduce the next generation of innovative payments tools for the gaming industry,” said John Dominelli.

“For over a decade, Sightline has led the charge in revolutionizing payments for the gaming industry, consistently delivering cutting-edge solutions. The gaming industry is primed for groundbreaking payment solutions, and with the same visionary approach that first propelled Sightline into the space over a decade ago, I have no doubt they will continue to pioneer innovative ways to transform this market,” said Walter Kortschak, Senior Advisor at Summit Partners and longtime Sightline investor and Board member.