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Parthenon Capital completes acquisition of Global Payments’ gaming arm


Private equity business Parthenon Capital has finalised the acquisition of Global Payments’ gaming division for an undisclosed amount.

Under the agreement, which was announced in February, the division has been renamed as Pavilion Payments and will continue to provide omni-channel payments services exclusively to the gaming industry.

Based in a new headquarters in Las Vegas, Nevada, Pavilion will offer kiosk, cashless and igaming technology, including the VIP Preferred c-check network that connects millions of users around the US to more than 400 in-person and online gaming institutions.

Global Payments will continue to power Pavilion’s payment solutions through a long-term partnership.

“The growth we are seeing in the gaming industry is exhilarating,” said Pavilion’s chief executive Christopher Justice. “We are well positioned to take advantage of the changes rapidly occurring in our industry.

“As an independent company, we will continue to advance our innovative product development roadmap and provide outstanding service to our clients.

“We are proud of several recent product introductions including our online bank credentialing solution, which will make enrollment quicker and simpler for patrons, and continue to remove friction from the gaming experience.”