Pavilion Payments Acquires Gaming Software Company CasinoSoft
Pavilion Payments, a Las Vegas-based leader in cashless, contactless, and mobile payment solutions for the gaming industry, has announced its acquisition of CasinoSoft, a gaming software company known for its regulatory compliance tools and casino technology. The acquisition supports Pavilion Payments' goal of building a unified and modernized platform designed to simplify operations and enhance payment processes within the gaming sector.
LISTEN TO THIS ARTICLE:The acquisition aligns with Pavilion Payments' broader strategy to integrate more robust compliance and automation tools into its existing ecosystem. By acquiring CasinoSoft, Pavilion aims to strengthen its capabilities in streamlining payments, ensuring regulatory compliance, and improving overall casino operations through technology-driven solutions.
Related: Nevada Gaming Commission Approves Significant Change for Wagering AccountsCasinoSoft, founded in 2003, provides specialized software and database systems tailored to the casino and sports betting industries. The company has partnered with over 90 casinos across the United States, offering a suite of services that include anti-money laundering (AML) compliance tools, automated tax form processing, jackpot management systems and regulatory reporting software. These products are designed to support operational efficiency and compliance, which are critical in a tightly regulated and highly competitive industry.
Matt Montano, co-founder and Principal of CasinoSoft, stated that the company has invested two decades into building its brand and technology. He emphasized that the strength of their AML and tax form solutions is evident through the longstanding relationships with satisfied casino partners across the country. Montano highlighted that the acquisition by Pavilion Payments marks an important step in CasinoSoft's evolution, offering new opportunities to scale and innovate under a larger, tech-focused umbrella.
Pavilion Payments plans to leverage CasinoSoft's established technology and market reputation to create what it describes as a vertically integrated platform. This platform will combine Pavilion's core payment and funding solutions with CasinoSoft's compliance and automation technologies, resulting in a more comprehensive offering for gaming operators.
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According to Pavilion President Diallo Gordon, CasinoSoft is widely regarded as the standard in the industry for regulatory compliance, tax processing and jackpot-related services. The integration of these tools is expected to fuel the development of new patented technologies and innovative products that enhance Pavilion's position in the gaming FinTech space.
Gordon also noted that the acquisition allows Pavilion to expand its influence in the areas of cashless gaming, casino floor automation and financial reporting. The move is part of Pavilion's effort to transform how gaming venues manage compliance and streamline their financial operations using advanced technology solutions.
Pavilion CEO Dan Connors highlighted the company's commitment to offering a diverse and adaptable portfolio of services to its partners and clients. He described the addition of CasinoSoft's products as an important step in fulfilling that mission.
Connors expressed confidence that the merger will enhance Pavilion's ability to meet the evolving needs of the gaming industry and deliver high-value, guest-focused operational support to casino operators.
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