Bally Technologies to buy Sightline Payments
LAS VEGAS (AP) – Gaming equipment supplier Bally Technologies Inc. said Thursday that it will buy Sightline Payments, marking its entrance into the payment-processing business.
Terms of the deal were not disclosed.
Sightline, based in Las Vegas, makes bill-breaking machines, ticket redemption kiosks and cash advance kiosks – a new product category for Bally, which makes slot machines and other gaming systems.
Bally said it enters the payment-procession market as gaming and payment machines continue to converge.
Kirk Sanford, Sightline’s chief executive officer, president and founder, will stay on with the combined company.
Bally did not say what impact, if any, the purchase would have on near-term earnings.
The Las Vegas-based company announced its pending purchase after the market closed Thursday. Its stock closed at $39.23, up 90 cents, or 2 percent.