NRT Technology Acquires VisuaLimits

NRT Technologies, Inc., a wholly-owned subsidiary of NRT Technology Corp. (together, “NRT”), announced the successful completion of its acquisition of VisuaLimits, LLC (“VL”). On September 20, NRT and Sightline Payments announced an agreement to merge, with the combined entity to be called NRT Sightline (the “Transaction”). Following close of the Transaction, which remains subject to gaming regulatory approvals, Sightline’s CEO and Founder, Kirk Sanford, will assume the role of CEO of NRT Sightline. NRT’s current Founder, President and CEO, John Dominelli, will become Chairman of NRT Sightline and will remain active in leading the overall company strategy with a keen focus on driving the technology roadmap.

The acquisition of VL complements NRT’s innovative and expansive payment product vision for casinos, which now includes VL’s unique 12-in-1 solution.

The VL-Focus and VL-Flex, with their highly adaptive hardware and software, delivers a multitude of services to casino operators and patrons alike, including cashless payments through integration with Sightline’s Play+, an HD display for gaming, TV, sports score and advertising messaging, dealer performance (automated hands per hour) and game utilization (automated headcounts), labor savings with time and attendance through Kronos integration, sophisticated surveillance, and 2-way communication functionality which allows dealers to easily contact security, place food and drink orders, and make dinner or club reservation for players. And because casino operators can easily integrate VL platforms into their existing table rating system, VL offers the added benefit of eliminating the clutter and extra price of redundant hardware. Casino operators can often realize their ROI on VL-Focus and VL-Flex purchases in less than 3 months.

VL’s newest product, the VL-EYE, interfaces with the VL-Focus to provide a full surveillance system, including facial, chip, and card recognition capabilities. Casinos are lining up to be beta sites prior to the VL-EYE’s launch next month at G2E.

In the last year alone, VL tripled its installed base and will finish this year with over 4000 ‘intelligent’ VL-Focus devices, adding some well recognized names to its roster of casino customers, including 8 of the top 10 Global casino operators.

The VL platform delivers actionable insights to operators, delivering tangible business improvements, transactional lift from payments, automated workflows, operational performance improvements and dynamic regulatory compliance. VL's solutions consolidate the typical array of table games hardware to de-clutter and improve the overall ’look and feel’ of gaming tables.

Financing for the VL acquisition was provided by Fifth Third Bank