Pavilion Payments, specialists in cashless, contactless and mobile gaming, has announced the acquisition of CasinoSoft as it looks to build a unified solution to simplify and modernise gaming operations.
The Las Vegas-based player funding and payment experts announced the move in an official statement, declaring: “Pavilion Payments acquires CasinoSoft to revolutionize gaming payments and compliance.”
By bringing CasinoSoft on board, Pavilion say they will be able to develop “innovative products” to help simplify payments, streamline compliance and transform casino operations.
What Made CasinoSoft An Attractive Acquisition?
CasinoSoft was founded in 2003 and provides customised software, services and database solutions for the Casino and Sports Betting Industry.
They have partnered with over 90 casinos across the US to deliver cutting-edge solutions for AML/Title 31 compliance, automated tax form processing, jackpot handling and regulatory reporting software.
These are all designed with the end user in mind, especially important in an industry where online casinos with the fastest withdrawal times can gain market advantage.
Matt Montano, co-founder and Principal said: “We have put 20 years of our heart and soul into building the CasinoSoft brand and are thrilled with the many ways this acquisition moves us to the next level.”
“The success of our robust suite of AML/Title 31 and tax form products is evidenced by the longstanding partnerships we enjoy with our many satisfied customers throughout the industry.”
Pavilion Payments To Create A ‘Vertically Integrated Platform’
Pavilion President Diallo Gordon confirmed that the acquisition will enable Pavilion to further improve their player funding and payment ecosystem by developing new solutions that incorporate CasinoSoft’s compliance and automation tools.
The result will be a “powerful, vertically integrated platform” that will streamline operations.
Gordon said: “CasinoSoft is the industry standard for AML/Title 31 compliance, automated tax forms, jackpot processing, and associated reporting services.”
“With this acquisition, we plan to grow the broader Pavilion business with several new patents, innovative products, and transformative solutions that position us as the clear leader in fintech payments, cashless gaming, cage, and floor automation.”
Pavilion CEO Dan Connors also expressed his delight with the move.
“At Pavilion Payments, we pride ourselves on offering our partners and customers a vibrant and diverse portfolio of products and services,” he said.
“The addition of CasinoSoft’s products to our lineup furthers our delivery on that goal. We’re delighted to add CasinoSoft to our team and look forward to delighting our customers with them.”
Together the mission is to redefine what “seamless, compliant, and guest-focussed casino operations look like for the future of gaming.”
Jim Munro is a betting industry and gambling expert who has been a national newspaper journalist for over 25 years, predominantly at The Sunday Times and The Sun, where he wrote a weekly soccer betting column. Jim also worked on the launch of Virgin Bet with Gamesys and was subsequently head of editorial at LiveScore, the sports media and betting group.
