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September 28, 2015updated 04 Apr 2017 4:01pm

NRT Technologies buys ATM and Cash Advance assets of Sightline Payments

NRT Technologies, a provider of payment processing, cash handling and cash management products, services and solutions in the casino industry, has completed the purchase of ATM and Cash Advance assets from Sightline Payments.

By Verdict Staff

NRT Technologies, a provider of payment processing, cash handling and cash management products, services and solutions in the casino industry, has completed the purchase of ATM and Cash Advance assets from Sightline Payments.

NRT has purchased majority of Sightline’s ATM and Cash Advance processing assets, including all ATM and Cash Advance processing agreements between Sightline and its 25 US casino customers.

Sightline will continue to offer ATM and Cash Advance services to these casinos as part a transition services arrangement with NRT for a period of time to enable the migration of these services to NRT’s infrastructure, which is slated to complete before 31 December 2015.

NRT president and CEO John Dominelli said: "The level of trust between our organizations was integral to getting this deal done and will allow for a smooth and orderly transition of services, to the benefit of these casinos and their patrons. Offering faster, more secure and innovative means to access cash on and off the gaming floor is one of the many benefits NRT will bring to these casinos and their patrons."

Sightline president and CFO Harry Hagerty said: "Our long-standing relationship with and respect for NRT and the services they provide made this an easy decision. We are confident in NRT’s ability to provide unmatched products and services and know that our customers will be benefit from working with NRT now and in the future."

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