GBank Financial Holdings Inc. Pleased to Share the Press Release of Sightline Payments Announcing Its Acquisition of Casino Mobile App Developer JOINGO
LAS VEGAS, June 14, 2021 /PRNewswire/ — GBank Financial Holdings Inc. (“GBank” or the “Company”) (OTCQX: GBFH), the parent company for Bank of George (the “Bank”), is pleased to share the press release by Sightline Payments, a FinTech company specializing in digital payments solutions for the sports betting and casino markets, and our Bank of George business partner, announcing its acquisition of casino mobile app developer JOINGO, the leading mobile engagement and loyalty platform for the casino gaming industry.
“This acquisition positions Sightline to provide a more robust digital payments experience in casinos.” – Joe Pappano, CEO of Sightline Payments.
“We are thrilled by this recent announcement from Sightline Payments. Through its contract with BankCard Services, LLC, Bank of George has been providing the banking solutions for Sightline Payments since 2016,” stated Edward M. Nigro, Executive Chairman of GBank Financial Holdings Inc. and Bank of George.
The full press release from Sightline Payments can be found here:
BankCard Services, LLC entered into an agreement with Sightline Payments in 2014 to provide Bank of George as a sponsor bank to enable Sightlines Play+ cashless solutions for the gaming industry. Today, the Sightline/BankCard Services, LLC/Bank of George partnership services over 700,000 accounts at Bank of George with over $1.1 billion in transactions since the Play+ sports betting launch in Nevada.
Bank of George, a subsidiary of GBank Financial Holdings Inc (GBFH), and BankCard Services, LLC also launched the Oregon State Lottery online sports wagering program with SB Tech, World Pay (FIS) and Sightline Payments in 2018 with the development of BankCard Services, LLC’s proprietary “Player Information Management System (PIMS)”. PIMS created the Pooled Player Account structure to enable digital cashless transactions.
GBank Financial Holdings Inc. (“GBank” or the “Company”) (GBFH), a bank holding company with approximately $520 million in assets as of March 31, 2021, conducts business through its wholly owned subsidiary, Bank of George (named in honor of George Washington). Founded in 2007, the Bank operates two full-service commercial branches in Las Vegas, Nevada, with primary lending activities focused on engaging clients in Nevada, California, Utah, and Arizona. Bank of George has key businesses in three prominent divisions: SBA Lending, FinTech Gaming Division, and Commercial Lending. The Bank conducts business nationally through its SBA lending activities (ranked 17th in the nation by the U.S. Small Business Administration for SBA 7(a) dollar loan volume through September 30, 2020
GBank has made forward-looking statements in this Press Release. These forward-looking statements are subject to risks and uncertainties. Forward-looking statements include information concerning possible or assumed future results of operations of the Company and its subsidiaries. When words such as “believes,” “expects,” “anticipates,” or similar expressions occur in this Press Release, the Company is making forward-looking statements. Note that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause those results to differ materially from those expressed in the forward-looking statements contained in this Press Release. Those factors include, but are not limited to: the recent and continuing coronavirus (COVID-19) pandemic which poses risks and may harm the Company’s business and results of operations in future quarters, credit risk, changes in market interest rates, inability to achieve merger-related synergies, competition, economic downturn or recession, and government regulation and supervision. The Company undertakes no obligation to update or revise any forward-looking statements.
View original content:http://www.prnewswire.com/news-releases/gbank-financial-holdings-inc-pleased-to-share-the-press-release-of-sightline-payments-announcing-its-acquisition-of-casino-mobile-app-developer-joingo-301311994.html
SOURCE GBank Financial Services Inc.
The content is by PR Newswire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.