US-based digital betting payments service Sightline Payments has secured $100m in a round featuring resort and casino conglomerate Genting Group.
Investment firm Cannae Holdings led the round with a $32m investment, participating alongside Point Break Capital, Searchlight Capital Partners, Shift4 Ventures and Vectr Ventures.
Founded in 2010, Sightline has built an online platform which focuses on lottery, internet gaming and esports betting. Its lead product, Play+, is a cashless payments service with 1.5 million registered accounts.
The company had received an undisclosed amount from Searchlight Capital Partners in December 2020 at a $525m valuation, four years after securing approximately $3m in funding from undisclosed investors, according to a securities filing.
