NRT Technologies Inc. announced last week it acquired the gaming automated transaction machine assets of U.S. Bank National Association, giving the Toronto-based firm operations across nearly 300 gaming properties in the United States.
Financial terms were not disclosed. The deal makes NRT the largest ATM processor in the North American casino market, providing services to more than 750 gaming clients, including the top 25 largest global gaming operators.
“The acquisition will provide a significant boost to NRT’s transaction volume while simultaneously moving NRT into a leadership position in offering advanced, non-traditional financial services through our next generation self-service ATMs and kiosks,” NRT Founder and President John Dominelli said in a statement.
The transaction gives NRT U.S. Bank’s 1,500 casino ATMs and self-service devices, which dispense more than $5 billion annually across 200 U.S. gaming properties. NRT will now operate more 31,000 ATMs that provide more than 300 million transactions annually, while dispensing more than $20 billion.
The devices acquired from U.S. Bank include ATM processing machines and ticket in-ticket-out redemption units. NRT operates next generation payment systems, specialized financial/marketing self-serve kiosks, and digital and mobile experiences for the gaming industry.
As part of the transaction, NRT will upgrade to the acquired ATMs in partnership with Diebold Nixdorf and provide mobile engagement through Sightline Play+ and card-less ATM features. NRT has also secured an expanded vault cash facility to meet the rigorous cash withdrawal demands of NRT’s gaming operator customers.
“Acquiring this ATM portfolio fits within our strategy of leading in both the cash and cashless payment verticals for casinos,” Dominelli said. He said several key U.S. Bank employees will join NRT.
“NRT’s payment switch technology, commitment to customer service and exciting product roadmap made it a great fit for assuming this portfolio of ATMs,” said Paul Nielsen, Vice President and Managing Director of Gaming Services for U.S. Bank.
Kirk Sanford, Sightline Payments’ Founder and CEO, said the transaction expands the company’s cash access business and could lead to way for gaming operators to interact with their guests.
Bruce Pierce, vice president and general manager Canada at Diebold Nixdorf said the companies’ partnership demonstrates expanded connected commerce capabilities and will “enhance the ATM experience for all casino guests.”
