Pavilion Payments (“Pavilion” or the “Company”) has closed its previously announced transaction with Global Payments . (NYSE: GPN) alongside Parthenon Capital (“Parthenon”), a leading growth-focused private equity firm. Formerly known as Global Payments Gaming Solutions, Pavilion Payments is the leading omni-channel payments provider exclusively serving the gaming industry.
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“The growth we are seeing in the gaming industry is exhilarating”
From its new headquarters in Las Vegas, the Pavilion Payments team will lead an independent company focused on providing its customers with unparalleled service. “The growth we are seeing in the gaming industry is exhilarating,” said Pavilion’s chief executive officer 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.”
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The name, “Pavilion Payments,” pays tribute to the company’s mission to provide operators and patrons with a single, integrated gaming solution under one roof. Pavilion’s products are ubiquitous, meeting patrons at the cage, on the floor and online. By partnering with Pavilion’s best-in-class kiosk, cashless and iGaming technology, gaming operators can stay ahead of the curve and create exceptional consumer experiences across their physical and digital properties.
Pavilion’s industry-standard e-check network, VIP Preferred®, connects millions of users around the country to more than 400 in-person and online gaming institutions. After a one-time enrollment, VIP Preferred users can easily transfer funds from one gaming institution to another and utilize Pavilion’s other payments solutions like VIP Financial Centers, Cash Advance, Delayed Settlement and VIP Mobility™. VIP Mobility is the industry’s first mobile solution enabling cashless gaming from funding through cash-out.
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