LAS VEGAS, June 14, 2021 /PRNewswire/ — GBank Monetary Holdings Inc. (“GBank” or the “Firm”) (OTCQX: GBFH), the father or mother firm for Financial institution of George (the “Financial institution”), is happy to share the press launch by Sightline Funds, a FinTech firm specializing in digital funds options for the sports activities betting and on line casino markets, and our Financial institution of George enterprise accomplice, asserting its acquisition of on line casino cell app developer JOINGO, the main cell engagement and loyalty platform for the on line casino gaming business.
“This acquisition positions Sightline to offer a extra strong digital funds expertise in casinos.” – Joe Pappano, CEO of Sightline Funds.
“We’re thrilled by this latest announcement from Sightline Funds. By means of its contract with BankCard Providers, LLC, Financial institution of George has been offering the banking options for Sightline Funds since 2016,” acknowledged Edward M. Nigro, Govt Chairman of GBank Monetary Holdings Inc. and Financial institution of George.
The complete press launch from Sightline Funds may be discovered right here:
Sightline Funds Acquires On line casino Cell App Developer (globenewswire.com)
About BankCard Providers, LLC
BankCard Providers, LLC entered into an settlement with Sightline Funds in 2014 to offer Financial institution of George as a sponsor financial institution to allow Sightlines Play+ cashless options for the gaming business. In the present day, the Sightline/BankCard Providers, LLC/Financial institution of George partnership providers over 700,000 accounts at Financial institution of George with over $1.1 billion in transactions for the reason that Play+ sports activities betting launch in Nevada.
Financial institution of George, a subsidiary of GBank Monetary Holdings Inc (GBFH), and BankCard Providers, LLC additionally launched the Oregon State Lottery on-line sports activities wagering program with SB Tech, World Pay (FIS) and Sightline Funds in 2018 with the event of BankCard Providers, LLC’s proprietary “Participant Info Administration System (PIMS)”. PIMS created the Pooled Participant Account construction to allow digital cashless transactions.
GBank Monetary Holdings Inc. (“GBank” or the “Firm”) (GBFH), a financial institution holding firm with roughly $520 million in property as of March 31, 2021, conducts enterprise by way of its wholly owned subsidiary, Financial institution of George (named in honor of George Washington). Based in 2007, the Financial institution operates two full-service business branches in Las Vegas, Nevada, with major lending actions targeted on participating shoppers in Nevada, California, Utah, and Arizona. Financial institution of George has key companies in three distinguished divisions: SBA Lending, FinTech Gaming Division, and Business Lending. The Financial institution conducts enterprise nationally by way of its SBA lending actions (ranked seventeenth within the nation by the U.S. Small Enterprise Administration for SBA 7(a) greenback mortgage quantity by way of September 30, 2020) and its BankCard Providers (“BCS”) partnership. Launched in 2016, its Monetary FinTech Division is powering Sightline Funds Play+ Resolution (https://sightlinepayments.com/) for seamless and safe pay and play that’s enabling cashless, cell commerce options for gaming, lottery and sports activities betting ecosystems – positioning GBank as a monetary chief on this new funds world. The Financial institution additionally supplies common business banking providers with an emphasis on serving the wants of small- and medium-sized companies, excessive internet price people, professionals, and buyers. The Financial institution presents a full complement of shopper deposit merchandise and is concentrated on delivering a premium degree of service. Financial institution of George has been acknowledged yearly for every of the previous 5 years by S&P World Market Intelligence as a prime 100 U.S. group financial institution below $3 billion in property. For extra details about Financial institution of George, please go to its web site at https://www.bankofgeorge.com. GBank’s Frequent Inventory is quoted on the US OTCQX Market below the image GBFH.
GBank has made forward-looking statements on this Press Launch. These forward-looking statements are topic to dangers and uncertainties. Ahead-looking statements embrace info regarding potential or assumed future outcomes of operations of the Firm and its subsidiaries. When phrases resembling “believes,” “expects,” “anticipates,” or comparable expressions happen on this Press Launch, the Firm is making forward-looking statements. Notice that many elements might have an effect on the long run monetary outcomes of the Firm and its subsidiaries, each individually and collectively, and will trigger these outcomes to vary materially from these expressed within the forward-looking statements contained on this Press Launch. These elements embrace, however will not be restricted to: the latest and persevering with coronavirus (COVID-19) pandemic which poses dangers and will hurt the Firm’s enterprise and outcomes of operations in future quarters, credit score threat, adjustments in market rates of interest, incapability to realize merger-related synergies, competitors, financial downturn or recession, and authorities regulation and supervision. The Firm undertakes no obligation to replace or revise any forward-looking statements.
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SOURCE GBank Monetary Providers Inc.