Shift4 Payments and Sightline Payments Announce Strategic Partnership to Power Online Gaming and Betting for Casinos and Sports Venues
Shift4 Payments (NYSE: FOUR) has formed a strategic partnership with Sightline Payments to enhance online gaming and sports betting payment solutions for casinos and sports venues. This collaboration promises a seamless payment experience across various platforms, tapping into the growing regulated gaming market, which includes online betting and fantasy leagues. Jared Isaacman, CEO of Shift4, expressed enthusiasm about the partnership addressing significant payment opportunities, while Joe Pappano of Sightline noted strong mutual interest in market expansion.
- Partnership aims to enhance payment solutions in online gaming and sports betting.
- Addresses growing demand for cashless payment solutions in the gaming sector.
- CEO comments suggest strong confidence in the partnership's potential.
- Partnership success hinges on market competition and regulatory challenges.
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.
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
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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