Parthenon Capital entered into a definitive agreement with Global Payments to acquire its gaming division and transition Global Payments Gaming Solutions into Pavilion Payments, a stand-alone independent company. After closing on the transaction, Pavilion Payments will continue to offer Global Payments Gaming Solutions’ full suite of payments solutions for the gaming industry, including VIP Preferred and the award-winning cashless solution VIP Mobility. Completion of the transaction is expected by the end of March 2023, subject to the receipt of certain regulatory approvals. The business will continue to be led by its existing management team with current president Christopher Justice, assuming the additional title of chief executive officer of Pavilion Payments. Global Payments is dedicated to ensuring a seamless transition for its employees and customers. Customers can expect to continue working with the same teams and Global Payments will continue to power the company’s payment acceptance capabilities as a long-term partner.
Published first on TheFly
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