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Latham & Watkins Advises Sightline in Strategic Investment from J.P. Morgan

October 20, 2022
Members of the firm’s Private Equity Practice and Fintech Industry Group represented the digital payments provider for the US sports betting and casino gaming market in its first investment round in 2022.

Sightline Payments, a leading FinTech company specializing in payments technology for the regulated gaming industry, has announced the completion of a funding round following a strategic investment from J.P. Morgan Payments. As part of this deal, Sightline will work with J.P. Morgan Payments to develop an integrated omnichannel solution for resort and online gaming companies, serving the resort, entertainment, and lodging ecosystem. This investment round is Sightline’s first in 2022. It follows two funding rounds in 2021, which were led by William Foley’s Cannae Holdings and Searchlight Capital Partners.

Latham & Watkins LLP advised Sightline in the transaction with a corporate deal team led by New York partner David Beller, with associates Thomas Engelhardt and Kyle Adams. Advice was also provided on intellectual property matters by New York partner Steven Betensky; on Fintech regulatory matters by Washington, D.C. partners Barrie VanBrackle and Tony Kim and San Diego partner John Wilson; on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum; on tax matters by New York partner Matthew Dewitz; on bank regulatory matters by New York partner Alan Avery and New York counsel Pia Naib; and on funds regulatory matters by Chicago partner Laura Ferrell, with associate Jennifer Tian.

Latham also represented Sightline in two funding rounds in 2021, as well as Searchlight Capital Partners on its majority investment in 2020 and subsequent funding rounds.