Pavilion Payments has completed the acquisition of compliance technology firm CasinoSoft for an undisclosed fee, in a move the supplier said would create a “unified solution” for operators.
CasinoSoft specialises in anti-money laundering (AML)/Title 31 compliance, automated tax form processing, jackpot handling and regulatory reporting software.
Meanwhile, Pavilion Payments serves as a payment provider for both land-based and digital operators, predominantly in the US.
The supplier’s current list of clients includes BetMGM, Bally’s, PlayStar, Circa Sports and several tribal entities. CasinoSoft works with several land-based casino operators in the US.
The deal will see Pavilion Payments combine its payment solutions with CasinoSoft’s compliance and automation software to create one integrated platform.
The goal is to make floor, cage and slot operations faster and more secure for casinos, building a “unified solution that simplifies and modernises gaming operations”.
Dan Connors, CEO of Pavilion Payments , said: “At Pavilion Payments, we pride ourselves on offering our partners and customers a vibrant and diverse portfolio of products and services.
“The addition of CasinoSoft’s products to our lineup furthers our delivery on that goal. We’re delighted to add CasinoSoft to our team and look forward to delighting our customers with them.”
Matt Montano, principal and owner of CasinoSoft, added: “We have put 20 years of our heart and soul into building the CasinoSoft brand and are thrilled with the many ways this acquisition moves us to the next level.
“The success of our robust suite of AML/Title 31 and tax form products is evidenced by the longstanding partnerships we enjoy with our many satisfied customers throughout the industry.”
Back in January, Pavilion Payments appointed Diallo Gordon as its new president, who previously served as CEO of casino system management firm Passport Technology.
Gordon remarked: “CasinoSoft is the industry standard for AML/Title 31 compliance, automated tax forms, jackpot processing and associated reporting services.
“With this acquisition, we plan to grow the broader Pavilion business with several new patents, innovative products and transformative solutions that position us as the clear leader in fintech payments, cashless gaming, cage and floor automation.”
The post Pavilion Payments completes CasinoSoft acquisition first appeared on EGR Intel.
Payment provider finalises purchase of the compliance technology firm as the pair look to build a “unified solution that simplifies and modernises gaming operations”
The post Pavilion Payments completes CasinoSoft acquisition first appeared on EGR Intel.