Australis Capital revealed that it was acquiring Passport to complement its existing fintech assets.

Passport Technology Inc, a provider of cash access services to casinos, announced Thursday that it had expanded its services, by adding 16 casinos in British Columbia and Alberta to its platform.

This is on top ofits 12 Gateway Casinos & Entertainment (GCEL) locations already supported by Passport in the state of Ontario.

"Were excited to expand our long-term relationship with GCEL across three Canadian Provinces," said Kurt Sullivan,the president of Passport.

"Passport has accelerated growth in 2020 and based on executed long term agreements in Canada, UK, and Europe, we expect to achieve US$12M in revenue in 2021 with $4 millionin operating income, understanding COVID-19 does represent some uncertainty to the global casino industry," he added.

On June 25 this year, (CSE: AUSA) (OTC: AUSAF) revealed that it was acquiring Passport to complement its existing fintech assets.

It willleverage Passports international footprint in brick and mortar casinos with Australis Cocoon technology serving cannabis dispensaries in North America and Australis Paytron Merchant Services.

Link:

Passport Technology expands its casino relationship adding 16 more sites in BC and Alberta - Proactive Investors USA & Canada