Payments

Global Payments to become Pavilion Payments

Image: Adobe Stock.

February 14, 2023

Parthenon Capital, a private equity firm, has agreed to acquire Global Payments Inc.'s gaming division and transition into Pavilion Payments, a stand-alone independent company, according to a press release.

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 cashless solution VIP Mobility. Completion of the transaction is expected by the end of March 2023.

Pavilion Payments will deliver an integrated payments ecosystem, including kiosk, cashless and iGaming technology, enabling gaming operators to create seamless consumer experiences across physical and digital properties.

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.