Private equity firm Parthenon has backed Pavilion in its acquisition of DiTronics, a casino gaming payments solutions provider. The Las Vegas-based company specializes in payment processing for the casino industry, though financial terms of the deal were not disclosed.

This acquisition represents Parthenon's continued investment in the gaming technology sector. Pavilion has established itself as a key player in providing payment infrastructure to casinos, and adding DiTronics' capabilities will likely expand its market reach. The casino payments industry has seen increased consolidation as operators seek integrated solutions.

The deal highlights growing investor interest in specialized fintech solutions for regulated industries. As casinos modernize their payment systems to accommodate both traditional and digital transactions, companies like Pavilion that offer comprehensive payment platforms are becoming increasingly valuable acquisition targets.