Global Payments Inc. (NYSE: GPN), one of the largest worldwide providers of payment solutions, announced today that it has entered into a definitive agreement to purchase gaming assets from Certegy Check Services, Inc., a subsidiary of Fidelity National Information Services FIS™, related to its business for licensed gaming operators. This acquisition will be highly complementary to Global Payments’ gaming business and will expand its existing suite of innovative products and solutions.
“We are delighted to have entered into this strategic agreement with FIS to significantly expand our direct distribution in the United States gaming vertical,” said Global Payments’ President and Chief Operating Officer, David E. Mangum. “This acquisition and partnership allows us to cross sell our full suite of products to these acquired customers and enhance our value proposition, while leveraging FIS’ industry-leading scale and capabilities in risk management.”
Anthony Jabbour, EVP, North America, FIS said, “We are confident this move will also align our gaming clients with a top-tier partner that will continue to meet their payments needs.”
The FIS business includes 260 marquee gaming client locations and provides a comprehensive suite of services that are designed for the gaming industry. This transaction is subject to regulatory approvals and contractual closing conditions and is expected to close during the fourth quarter of Global Payments’ 2015 fiscal year. The company intends to fund the acquisition through operating cash flows and it is not expected to have a material impact on the company’s fiscal 2015 results or capital plans.
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