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Global Payments Gaming Division to Become Pavilion Payments

Global Payments Gaming Division to Become Pavilion Payments

Parthenon Capital, a growth-oriented private equity firm, announced it has entered into a definitive agreement with Global Payments Inc. to acquire its gaming division and transition Global Payments Gaming Solutions into Pavilion Payments, a stand-alone independent company.

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 award-winning cashless solution VIP Mobility. Completion of the transaction was expected by the end of March, subject to the receipt of certain regulatory approvals.

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.

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