Shift4 Payments & Sightline Payments Announce Strategic Partnership to Power Online Gaming & Betting for Casinos & Sports Ven...
07 Januar 2021 - 2:00PM
Business Wire
Agreement between the financial technology
companies will deliver a seamless payment experience to venues and
their patrons
Shift4 Payments (NYSE: FOUR), the leading provider of integrated
payment processing technology, and Sightline Payments, the leader
in cashless gaming and betting solutions, today announced a
strategic partnership to power online gaming and sports betting for
casinos and sports venues. This formal partnership between two
leading fintech companies will deliver a seamless payment
experience for patrons of hospitality, online/mobile gaming,
on-premise gaming, and sports betting venues.
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the full release here:
https://www.businesswire.com/news/home/20210107005267/en/
Sightline’s online/mobile gaming and betting solutions
complement Shift4’s end-to-end payments offering to deliver an
all-inclusive payment ecosystem for casinos, sports venues, and
other hospitality businesses. This unmatched offering provides a
comprehensive guest experience across in-venue and online
payments.
“The regulated gaming market, including sports betting and
fantasy leagues, is enormous and continuing to gain in popularity.
We are excited to partner with Sightline to take on this massive
payments opportunity,” said Jared Isaacman, Shift4 Payments
CEO.
“As the world at large continues to shift away from cash and
towards robust, forward-thinking digital payments solutions and
loyalty programs, it is a pleasure to partner with a powerhouse
like Shift4,” said Sightline Payments CEO Joe Pappano. “We are
already experiencing strong interest from opportunities we are
cooperatively pursuing and look forward to continuing to expand our
pipeline and delivering on the potential of this partnership.”
About Shift4 Payments Shift4 Payments (NYSE: FOUR) is a
leading provider of integrated payment processing and technology
solutions, delivering a complete omnichannel ecosystem that extends
beyond payments to include a wide range of commerce-enabling
services. The company’s technologies help power over 350 software
providers in numerous industries, including hospitality, retail,
F&B, ecommerce, lodging, gaming, and many more. With over 7,000
sales partners, the company securely processed more than $200
billion in payments volume for over 200,000 businesses in 2019. For
more information, visit shift4.com.
About Sightline Payments Sightline was founded in 2010
and awarded Deloitte's prestigious Technology Fast 500 in 2019. The
company is leading the way in gaming to build the first truly
cashless ecosystem with its flagship solution, Play+. Named "Most
Innovative Gaming Technology Product of the Year", Play+ allows
consumers a cashless and seamless mobile commerce experience for
hospitality and gaming, including online, mobile, on-premise slots,
table games, and sports. The Play+ digital platform is embraced by
integrated casino resorts, sports betting and lottery platforms,
including the largest and most well-recognized casino resort and
sports betting brands in the world. Sightline is based in Las
Vegas, Nevada. Learn more at https://sightlinepayments.com.
Safe Harbor Statement and Forward Looking Information
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
All statements contained in this press release that do not relate
to matters of historical fact should be considered forward-looking
statements, including statements regarding the anticipated success
of our strategic partnership to power online gaming and betting for
casinos and sports venues. These statements are neither promises
nor guarantees, but involve known and unknown risks, uncertainties
and other important factors that may cause our actual results,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements, including, but not limited to, the
following: the effect of the COVID-19 global pandemic on our
business and results of operations; our ability to differentiate
ourselves from our competitors and compete effectively; our ability
to anticipate and respond to changing industry trends and merchant
and consumer needs; our ability to continue making acquisitions of
businesses or assets; our ability to continue to expand our market
share or expand into new markets; our reliance on third-party
vendors to provide products and services; our ability to integrate
our services and products with operating systems, devices, software
and web browsers; our ability to maintain merchant and software
partner relationships and strategic partnerships; the effects of
global economic, political and other conditions on consumer,
business and government spending; our compliance with governmental
regulation and other legal obligations, particularly related to
privacy, data protection and information security, and consumer
protection laws; our ability to establish, maintain and enforce
effective risk management policies and procedures; our ability to
protect our systems and data from continually evolving
cybersecurity risks, security breaches and other technological
risks; potential harm caused by software defects, computer viruses
and development delays; the effect of degradation of the quality of
the products and services we offer; potential harm caused by
increased customer attrition; potential harm caused by fraud by
merchants or others; potential harm caused by damage to our
reputation or brands; our ability to recruit, retain and develop
qualified personnel; our reliance on a single or limited number of
suppliers; the effects of seasonality and volatility on our
operating results; the effect of various legal proceedings; our
ability to raise additional capital to fund our operations; our
ability to protect, enforce and defend our intellectual property
rights; our ability to establish and maintain effective internal
control over financial reporting and disclosure controls and
procedures; our compliance with laws, regulations and enforcement
activities that affect our industry; our dependence on
distributions from Shift4 Payments, LLC to pay our taxes and
expenses, including payments under the Tax Receivable Agreement;
and the significant influence Rook and Searchlight have over us,
including control over decisions that require the approval of
stockholders. These and other important factors are discussed under
the caption “Risk Factors” in our Quarterly Report on Form 10-Q for
the quarter ended September 30, 2020 and our other filings with the
SEC could cause actual results to differ materially from those
indicated by the forward-looking statements made in this press
release. Any such forward-looking statements represent management’s
estimates as of the date of this press release. While we may elect
to update such forward-looking statements at some point in the
future, we disclaim any obligation to do so, even if subsequent
events cause our views to change.
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version on businesswire.com: https://www.businesswire.com/news/home/20210107005267/en/
Shift4 Payments Nate Hirshberg Vice President, Marketing
nhirshberg@shift4.com
Sightline Payments Susan Donahue Skyya PR for Sightline
Payments (646) 454-9378 susan.donahue@skyya.com
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