Sightline Payments' co-founder Omer Sattar named co-CEO

Sightline Payments announced on Thursday that co-founder Omer Sattar will serve as Sightline's co-CEO alongside Joe Pappano.

In this new role, Sattar will oversee internal operations including product and compliance. As co-CEO, Pappano will continue to lead Sightline's strategy, sales, client success, and marketing organizations to drive the digital transformation of the gaming and hospitality industries.

Sattar co-founded Sightline Payments in 2011 to provide funding options for the online gaming market. He has served as Sightline's executive vice president since its founding, forming partnerships to adopt digital payments acceptance in gaming, including recently with Resorts World Las Vegas and Boyd Gaming.

Sattar's vision and leadership resulted in the nearly $400 million in funding that Sightline has received over the past ten months. Prior to founding Sightline, Sattar served as SVP, Cash Access Services for Global Cash Access (now Everi Holdings). Across his career, Sattar has driven critical product innovations to unlock new abilities for customers to access funds across the world.

Sattar commented: "The past year has been transformative for Sightline, and we have no intention of slowing down our progress to revolutionize payments in the gaming and hospitality industries. My goal is to ensure that Sightline has the best, most innovative product suite in the industry. I am humbled by the opportunity to drive this business forward alongside Joe and provide gaming's consumers the same payment options that they have in their daily lives."

Pappano said: "Omer has been an innovator in the gaming industry for more than 15 years, and our shared vision and complementary skill sets will further accelerate Sightline's growth. With many projecting the North American gaming market to grow to more than $100 billion over the next few years, the timing of this move allows Sightline to focus our resources on meeting the incredible demand we are seeing in the market."

Sightline recently closed a $224 million funding round, following another $100 million funding round in April. The company recently acquired JOINGO, the casino gaming industry's mobile engagement, and loyalty platform.