Genting Group backed the digital betting payments platform in a funding round led by Cannae Holdings, taking its valuation to over $1bn.

US-based digital betting payments service Sightline Payments has raised $270m in a funding round featuring resort and casino conglomerate Genting Group, at a valuation of over $1bn.

Cannae Holdings led the round with a $240m investment, while the remainder was provided by investors including Point Break Capital Management and founder Walter Kortschak.

Founded in 2010, Sightline provides a digital payments platform for cashless transactions across the sports betting, lottery, racing and casino segments. Its lead product, Play+, is a cashless payments…