Canada – Passport Technology expands deal with Gateway CasinosBy Phil - 5 July 2020
Passport Technology, a leading provider of casino cash access services internationally, has signed a deal with 16 additional Gateway Casinos & Entertainment Limited locations in British Columbia and Alberta, in addition to 12 GCEL locations already supported by Passport in Ontario.
This multi-year exclusive agreement represents a significant milestone for Passport in expanding services to British Columbia with the introduction of CashValet, CashlessValet and ActiveDataRT. Passport Technology’s self-service platform provides convenience to patrons, operational efficiencies, and social responsibility tools to the casino, as well as social distancing optionality within COVID-19 safety guidelines.
“We’re excited to expand our long-term relationship with GCEL across three Canadian Provinces. Passport’s solutions are secure, robust, promote industry leading regulatory compliance, and deliver maximum funds to the casino floor,” states Kurt Sullivan, President of Passport Technology. “We look forward to contributing towards the overall success of GCEL as they plan to re-open post COVID-19 closures, providing guests in the region with the best possible experience. Passport has accelerated growth in 2020 and based on executed long term agreements in Canada, UK and Europe, we expect to achieve $12m in revenue in 2021 with $4m in operating income, understanding COVID-19 does represent some uncertainty to the global casino industry.”
On June 25, Passport announced an agreement to be acquired by Australis Capital, leveraging Passport’s international footprint in brick and mortar casinos with Australis’ Cocoon Technology serving cannabis dispensaries in North America and Australis’ Paytron Merchant Services.
Passport Technology’s CashValet PCI-DSS Level 1, P2PE-certified solution, and cloud-based application not only facilitates approval authorisation and quick cash access, it provides operators real-time management of the transaction cycle tailored to the casino requirements, patrons and VIP guests with an enhanced experience dedicated to providing quick and easy transactions, and both with the leading internationally recognised customer support. Custom-built with the latest peripherals to meet the demands of the high-traffic casino environment, while deploying a best-in-class user interface and several kiosk and terminal form factors allowing for additional and improved points of interaction.