Passport Technology benefits from “strategic growth investment” from Peak Rock Capital affiliate
Summary
"Today, Passport is installed in over 222 locations across six countries, and we expect that Peak Rocks additional support will allow us to reach new heights and help us achieve our growth ambitions. "Passport Founder and CE Scott Dowty detailed the companys future plans, reporting a significant pipeline of new opportunities. He went on to reiterate Passports expansionist aims and goal of growing the platform in additional end markets.Peak Rock Capital MD Nick Basso said: This transaction exemplifies our continued focus on providing both capital and strategic partnership to innovative, growth-oriented businesses.Passport develops technology-based payment solutions for a number of casinos across the globe. In February 2022 the company signed a deal with Lucky Eagle Casino & Hotel, in an effort to boost its presence in Washington State. The deal saw Passport provide its cash access service, check warranty, jackpot dispensing, anti-money laundering and cage automation solutions for the casino.