Parson Capital Acquires Global Payments’ Gaming Division
Parson Capital is taking over the gaming branch of Global Payments.
The private equity firm Parson Capital has reached an agreement to buy the gaming division of Global Payments for an amount that has not been revealed. The deal is anticipated to be finalized by the end of March. Parson will separate Global Payments’ gaming solutions into a distinct entity, Pavilion Payments, which will continue to provide the division’s complete range of payment solutions to the gaming sector, such as VIP Preferred and contactless payment solutions VIP Mobility.
Pavilion Payments will remain under the direction of its current leadership team, with the present gaming division head Christopher Justice assuming the additional position of CEO of Pavilion Payments.
The deal is still contingent upon obtaining the necessary regulatory approvals.
“This transaction enables our business to adapt to the changing demands of the gaming industry and benefit from growth trends, particularly in areas like online gaming,” Justice stated. “Our focus is on creating distinctive player experiences for both physical and digital gaming.”
“Clients can anticipate increased investment in innovation and product development, providing them with more sophisticated tools to enhance customer engagement and satisfaction, boost revenue, and minimize obstacles.”
We are delighted to collaborate with Venue Payment, stated Parthenon partner Zack Sadek. Their cutting-edge product range, encompassing top-tier omnichannel payment solutions and the most triumphant cashless deployments, enable businesses to persistently guarantee customer triumph.
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