Nuvei Announces Partnership with 888 Holdings, Enables Payments for SI Sportsbook
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MONTREAL and DENVER, Sep 22, 2021 (GLOBE NEWSWIRE) – Nuvei Corporation (TSX: NVEI and NVEI.U) today announced its partnership with 888 Holdings Plc (LSE: 888) (“888”), one from the world’s largest online betting and gaming companies, to provide its instant bank transfer payment solution to the new SI Sportsbook, Sports Illustrated’s premier online sports betting and iGaming company in the United States.
888 has partnered with Authentic Brands Group (“ABG”), owner of the Sports Illustrated (“SI”) brand, to launch SI Sportsbook, a sports betting platform that integrates with sports news, analytics and information of betting from SI. Nuvei’s instant bank transfer technology will feed consumers’ deposits on the platform, providing transparent, real-time bank account funding. With a first launch in Colorado, SI Sportsbook is expected to launch in Indiana, Iowa, and New Jersey at a later date, with more states to follow in the years to come.
SI Sportsbook consumers will now have access to approximately 11,000 financial institutions in the United States through the integration of the Nuvei platform with Plaid. Consumer transactions are fully authenticated through Plaid user initiated bank account verification and are subject to sophisticated risk management controls by Nuvei. Nuvei’s exclusive platform also adds conversion enhancement features, including one-click deposits for returning players.
“Providing customers with the most convenient, secure and fastest payment experience is at the heart of what Nuvei does,” said Philip Fayer, President and CEO of Nuvei. “We are delighted to partner with 888 to provide an iconic brand such as Sports Illustrated with the ability to enter strongly into the US sports betting and iGaming market, enhancing its player acquisition strategy through our user experience. the best in its class. industry-leading risk management and instant payments.
“Following the announcement of our strategic partnership with Sports Illustrated, we are delighted to offer Nuvei’s innovative services to sports betting fans,” said Yaniv Sherman, SVP Head of US at 888. “With strong opportunities Growing across the United States, it’s important to us to deliver a first-class betting and gaming experience that includes a diverse suite of payment options. The partnership with Nuvei allows us to enhance the player experience and strengthen SI Sportsbook’s position as a leading platform in the market.
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of successful brands. We provide the intelligence and technology businesses need to succeed locally and globally, through a single integration – propelling them further, faster. By combining payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless checkout and payment capabilities, connecting merchants to their customers in 204 markets around the world, with local acquisition in 45 markets. With support for over 480 local and alternative payment methods, nearly 150 currencies, and 40 cryptocurrencies, merchants can take advantage of any payment opportunity that comes their way. Our goal is to make our world a local market.
For more information, visit www.nuvei.com.
About 888 Holdings Plc
888 Holdings plc (and with its subsidiaries, “888“or the”Group“) is one of the world’s leading online betting and gaming companies. 888’s mission is to develop cutting-edge technology and products that provide fun, fair and safe digital gaming products to players around the world . the Group and, at the start of 2020, 888 launched its ‘Safer. Better. Together’ safer playing strategy and commitments.
888 has been at the forefront of the online gaming industry since its founding in 1997, leveraging its proprietary technology to provide players and B2B partners with an innovative, world-class online gaming experience.
In 2020, the company was proud to be recognized at the 2020 Gaming Intelligence Awards as the winner of the Casino Operator of the Year Category. In 2020, 888 also won two prestigious awards for its poker platform at the 2020 Poker Listings Operator Awards in the Most improved software and best software for beginners categories.
The Group is structured into two business segments: B2C, under the 888 brands, and B2B, led by Dragonfish, which provides partners with a leading platform through which to establish an online gaming presence and monetize their own. brands in a safe and responsible manner.
888 consumer websites offer more than online betting and gaming. They are entertainment destinations: places where people can enjoy a truly interactive experience and be part of an online community that shares common interests. The strong and trusted brands of 888 are all accessible through www.888.com.
To learn more about 888, visit http://corporate.888.com/.
About Sports IllustratedSports Illustrated (SI) is an unprecedented and influential leader recognized for shaping modern culture and uniting athletes, teams and fans around the world. SI’s award-winning media company brings powerful storytelling to life on platforms ranging from award-winning video to Emmy to monthly print magazine with a 60-year legacy. Get in-depth features, poll profiles, and iconic and beloved photography from the game’s top sports writers on SI.com. Sports Illustrated also shares its unique and authentic perspective throughout the year through marquee events, immersive activations, long-running TV, film and audio content, and select lifestyle products. Brand expansions include Sports Illustrated Swimsuit, which continues to set the cultural tone and evoke the discussion about what defines beauty on a global scale, and Sports Illustrated Kids, a destination that connects kids ages eight and up. through their passion for sport.
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