Vantiv, Inc. (NYSE: VNTV), a leading provider of payment processing services and related technology solutions for merchants and financial institutions, announced today the official launch of Vantiv Gaming Solutions at the Global Gaming Expo (G2E) in Las Vegas on Sep. 23, 2013.
"Payments are the lifeblood of gaming," said Joe Pappano, SVP and general manager Vantiv Gaming Solutions. "We've worked for nearly five years to prepare for the significant expansion of payments requirements in the gaming industry. During this time we've built a comprehensive, fully integrated market solution, earned significant business relationships with some of the industry's top gaming operators, and have become a leader in enabling online gaming payments. With the launch of Vantiv Gaming Solutions, we will provide a new level of commitment to our gaming clients with a single, dedicated focus on protecting the integrity and reputation of their brands, securing transaction data, and delivering to their customers an exceptional, seamless experience."
During the past several years, regulatory and legislative changes, consumer sentiment and technological advancements have driven the expansion of gaming opportunities including Internet Gaming (iGaming), Fantasy Sports, Online Lotteries, Advanced Deposit Wagering and Social Gaming. In 2012, total U.S. domestic gaming revenue was estimated at more than $180 billion and is expected to grow at strong double-digit rates annually over the next decade, driven by these new engagement channels in addition to traditional casino gaming.*
"The gaming industry continues to move rapidly to capitalize on these new opportunities," Pappano says. "But with this revolutionary change comes a level of complexity never before experienced in gaming. The new payments landscape, including innovative forms of alternative payments and other funding mechanisms, has become increasingly difficult to navigate but remains critical to an exceptional customer experience and success."
Vantiv Gaming Solutions has the capability and expertise to meet these objectives and serve the entire spectrum of this market by utilizing its scalable, integrated processing platform, key technology partnerships, industry leading payments exexpertise, and its 40 years of innovation experience.
At G2E, Vantiv Gaming Solutions will showcase their full suite of payment solutions (Booth 4024). Joe Pappano, a 20+ year veteran of payments processing at Vantiv will outline how payments innovation is opening new opportunities for the gaming industry during the Payment Processing: Letting the Lifeblood Flow panel (Tuesday, Sep. 24, 2013 from 11:45 AM - 12:45 PM in Titian 2304).