Sightline Payments, a Las Vegas-based company that offers tools for consumers to securely fund their online gaming experience, completed a $244m funding round valuing it at over $1 billion.
The round was led by Cannae Holdings, with participation from existing investors Genting Group, Point Break Capital Management, and founding investor Walter Kortschak.
The company intends to use the funds to expand operations and its business reach.
Founded over a decade ago by Omer Sattar, Tom Sears, and Kirk Sanford, and led by CEO Joe Pappano, Sightline Payments is a digital payments provider and mobile app developer for the U.S. sports betting and casino gaming markets with more than 1.5 million accounts and 70+ partners across the sports betting, lottery, racing, and online and brick-and-mortar casino markets.
This round is Sightline’s second round in 2021. The company closed an earlier $100m funding round in April, which also included an investment by Searchlight Capital Partners. Building upon growth in the gaming and hospitality sectors, Sightline recently acquired JOINGO, the casino gaming industry’s top mobile engagement and loyalty platform.