NRT Technology Completes Acquisition of VisuaLimits, One of the Fastest Growing Gaming Supplier Companies in the US
Acquisition of VisuaLimits Strengthens NRT's Ability to Connect the Guest Experience(TM) Across the Entire Casino Resort
LAS VEGAS, Sept. 26, 2017 (GLOBE NEWSWIRE) -- NRT Technologies, Inc., a wholly-owned subsidiary of NRT Technology Corp. (together, "NRT") today announced the successful completion of its acquisition of VisuaLimits, LLC ("VL"). On September 20 2017, NRT and Sightline Payments announced an agreement to merge, with the combined entity to be called NRT Sightline (the "Transaction"). Following close of the Transaction, which remains subject to gaming regulatory approvals, Sightline's CEO and Founder, Kirk Sanford, will assume the role of CEO of NRT Sightline. NRT's current Founder, President and CEO, John Dominelli, will become Chairman of NRT Sightline and will remain active in leading the overall company strategy with a keen focus on driving the technology roadmap.
The acquisition of VL complements NRT's innovative and expansive payment product vision for casinos, which now includes VL's unique 12-in-1 solution.
The VL-Focus and VL-Flex, with their highly adaptive hardware and software, delivers a multitude of services to casino operators and patrons alike, including cashless payments through integration with Sightline's Play+, an HD display for gaming, TV, sports score and advertising messaging, dealer performance (automated hands per hour) and game utilization (automated headcounts), labor savings with time and attendance through Kronos integration, sophisticated surveillance, and 2-way communication functionality which allows dealers to easily contact security, place food and drink orders, and make dinner or club reservation for players. And because casino operators can easily integrate VL platforms into their existing table rating system, VL offers the added benefit of eliminating the clutter and extra price of redundant hardware. Casino operators can often realize their ROI on VL-Focus and VL-Flex purchases in less than 3 months.
VL's newest product, the VL-EYE, interfaces with the VL-Focus to provide a full surveillance system, including facial, chip, and card recognition capabilities. Casinos are lining up to be beta sites prior to the VL-EYE's launch next month at G2E.
"Just in the last year alone VL has tripled its installed base and will finish this year with over 4000 'intelligent' VL-Focus devices, adding some well recognized names to its roster of casino customers, including 8 of the top 10 Global casino operators," said Dominelli. "And we couldn't be happier with the people that will be joining NRT as part of this acquisition. They bring a real passion and unparalleled expertise to our organization that will truly enable NRT to Connect the Guest Experience across the entire casino resort."
"The VL platform is like nothing else out there. We deliver actionable insights to operators, delivering tangible business improvements, transactional lift from payments, automated workflows, operational performance improvements and dynamic regulatory compliance. And operators love VL because our solutions consolidate the typical array of table games hardware to de-clutter and improve the overall 'look and feel' of gaming tables," said Ryan McClellan, VL's Co-Founder and former COO who now takes on the role of SVP Table Game Solutions for NRT.
"We have received such overwhelmingly positive feedback from operators about the VL product and this, coupled with the excitement of the recently announced VL integration with Sightline's Play+ solution, convinced us that acquiring VL made more sense than continuing under a partnership arrangement," said Michael Dominelli, VP Product and Marketing for NRT. "Ryan McClellan and his team have built a truly amazing product suite. The VL platform, along with our slot machine and redemption kiosk integrations, and pending merger with Sightline, will allow the combined entity to provide a frictionless payment experience throughout the entire casino ecosystem."
Financing for the VL acquisition was provided by Fifth Third Bank
About NRT & Sightline
On closing, NRT Sightline(TM) is a global leader in the design and development of enterprise platforms for the casino industry. Every year we enable more than 1 billion physical and digital commerce experiences at over 600 casino properties worldwide. By seamlessly combining technological innovation with strategic partnerships, we create the most convenient, reliable, and secure omni-channel payment ecosystem for casino operators and their guests. NRT Sightline has been recognized with numerous industry awards, including the coveted "Most Innovative Gaming Technology Product of the Year" for our Play+(TM) cloud-based cashless funding platform. Our solutions are used by casinos, lotteries, race and sports, banking & retailers around the world. We operate across 7 countries and have corporate offices in Las Vegas, Toronto, Macau, and Singapore.
For further information about Sightline or its pending merger with NRT, please contact Omer Sattar, Sightline's EVP Strategic Relationships firstname.lastname@example.org.
Sightline's Play+ is patent protected by United States Patent Nos. 8,708,809, 8,777,725, 8,998,708, 9,196,123, 9,245,413, 9,251,651, 9,466,176, 9,
715,785, 9, 715,787 and 9,721,430.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NRT Sightline via Globenewswire
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