US-based digital betting payments service Sightline Payments has raised $270m in a funding round featuring resort and casino conglomerate Genting Group, at a valuation of over $1bn.
Cannae Holdings led the round with a $240m investment, while the remainder was provided by investors including Point Break Capital Management and founder Walter Kortschak.
Founded in 2010, Sightline provides a digital payments platform for cashless transactions across the sports betting, lottery, racing and casino segments. Its lead product, Play+, is a cashless payments service with 1.5 million registered accounts and more than 70 partners across the industry.
Cannae Holdings had previously led a $100m round for the company in April 2021. The round included Genting Group as well as Point Break Capital, Searchlight Capital Partners, Shift4 Ventures and Vectr Ventures.
Prior to this, Sightline had received an undisclosed amount from Searchlight Capital Partners in December 2020 at a $525m valuation, following a $3m capital injection provided by undisclosed investors four years earlier.