Sightline Payments is a Las Vegas-based FinTech that builds payments technology and mobile apps for the regulated gaming market, including sports betting, lottery, horse racing, and casinos. Its flagship Play+ product provides a secure account for consumers to fund online and in-person gaming, supports cashless wagering, and enables loyalty across channels. Play+ expanded into casino cashless gaming in 2021 with launches at Boyd Gaming and Resorts World Las Vegas, and the product is accepted by more than 80 partners in 40+ states. Sightline reports more than 1.5 million Play+ accounts and 3 million mobile loyalty platform downloads. The company is working with J.P. Morgan Payments to develop an integrated omnichannel solution for resort and online gaming as part of a broader multi-channel payments strategy. Sightline Payments is a Las Vegas-based digital payments provider and mobile app developer serving the U.S. sports betting and casino gaming markets. The company offers tools for consumers to securely fund their online gaming experience and operates a mobile app. It has more than 1.5 million accounts and over 70 partners across sports betting, lottery, racing, and online and brick-and-mortar casino markets. Founded more than a decade ago by Omer Sattar, Tom Sears, and Kirk Sanford and led by CEO Joe Pappano, Sightline has expanded through product development and acquisitions. It recently acquired JOINGO, a mobile engagement and loyalty platform in the casino gaming industry. Sightline completed a $244M funding round valuing it at over $1 billion and intends to use the proceeds to expand operations and broaden its business reach. Earlier in 2021 the company closed a $100M round in April that included an investment from Searchlight Capital Partners. Sightline Payments provides cashless, mobile and omni-channel payment solutions for gaming, lottery, sports betting, entertainment and hospitality ecosystems. Its flagship product, Play+, enables pay-and-play and stored-value functionality and has more than 1.5 million enrolled accounts across over 70 programs in 39 states. The company targets online sports wagering, iGaming and casino-floor cashless integration as operators shift toward digital payments. The article cites market tailwinds: combined online sports betting and online casino revenue projected to grow from $3 billion in 2020 to $22 billion by 2026, and casino-based gaming is described as a $90 billion market serving over 100 million customers annually. Sightline says it is poised to build on its presence as demand for cashless integration accelerates. The company is based in Las Vegas, Nevada. Sightline Payments builds cashless, mobile and omni-channel commerce and payments solutions for gaming, lottery, sports betting, entertainment and hospitality, led by its Play+ digital wallet. Play+ has nearly 1.5 million enrolled accounts and supports in-app, on-floor and retail transactions, ATM withdrawals, and loyalty benefits. The company reports 60+ programs live in 39 states and serves many premier operators, including top-10 sports betting and gaming operators. Sightline estimates a domestic TAM of $265 billion and cites accelerating consumer demand for digital payments and growth in sports betting (legalized in 25 states) as drivers of expansion. In December 2020 Sightline announced a strategic investment from Searchlight Capital Partners that established a post-money valuation of $525 million. Management also co-invested, and the new capital plus Searchlight’s strategic support is intended to accelerate growth and innovation. Founded in 2010 and based in Las Vegas, the company concurrently announced a leadership change with Joe Pappano appointed CEO.

Total raised

$276M

Funding rounds

4

Latest round

Equity

Latest activity

Aug 2021