NRT acquires US Bank casino-based ATMs
NRT Technologies Inc., a provider of payment systems and financial self-serve kiosks for the gaming industry, has acquired the gaming ATM assets of U.S. Bank N.A.
According to press release, the acquisition makes NRT the largest ATM processor in the North America casino market, serving more than 750 gaming clients, including the top 25 largest global gaming operators.
Partnering with Diebold Nixdorf, NRT will upgrade the acquired ATM fleet with state-of-the-art ATMs. Not only will the ATMs support traditional ATM and cash advance functions, they also will provide mobile engagement through cardless ATM features and Sightline Play-plus, a developer of enterprise platforms for the gaming industry, the release said.
As part of the transaction, NRT has secured an expanded vault cash facility ensuring high cash availability to meet the demands of NRT gaming operator customers.
"Acquiring this ATM portfolio fits within our strategy of leading in both the cash and cashless payment verticals for casinos," NRT Founder and President John Dominelli said in the release. "The acquisition will provide a significant boost to NRT's transaction volume while simultaneously moving NRT into a leadership position in offering advanced, nontraditional financial services through our next generation self-service ATMs and kiosks."
Fifth Third Bank acted for NRT as lead arranger of a bank syndicate that includes Capital One, CIBC, and Umpqua Bank, for financing of the transaction. Terms of the agreement were not disclosed.