Walker Digital Table Systems, LLC, a worldwide leader in smart casino table games solutions, announced a $35 million strategic investment by Beach Point Capital Management, a multibillion-dollar investment manager with a sizable portfolio in the casino gaming industry.
The team at Beach Point has invested over $4.5 billion in gaming-related opportunities. The financing was arranged by Spectrum Gaming Capital, a leader in strategy and finance for the global gaming industry.
WDTS is the developer of Perfect Pay Baccarat, the world’s most widely installed RFID table games platform. With an extensive patent portfolio, it is also the exclusive provider for PJM3.0 RFID, the industry standard powering gaming chips, table games, and casino cage operations worldwide.
“The efficiency and security achieved through table games automation systems have emerged as a critical capability that allows operators to manage their floor with assured game integrity in what is often a constrained staffing environment,” said Stephen Moore, chief executive officer of WDTS. “This investment will further our goal of bringing innovative and transformative technologies with substantial benefits for players, dealers and supervisors to table game operators across the globe.”
“Beach Point Capital is the ideal partner as WDTS moves into this next phase of global growth,” said Jay Walker, chairman of WDTS. “They were attracted to our company because of our unique success at both tracking and perfectly paying more than half a trillion dollars of baccarat wagers in Asia. We expect the company will benefit from Beach Point’s deep industry expertise as well as their recognition of WDTS’ role as a key provider of the emerging digital infrastructure driving growth in gaming.”
