Nuvei Announces Partnership with 888 Holdings, Enables Payments for SI Sportsbook
September 22 2021 - 10:00AM
Nuvei Corporation (TSX: NVEI and NVEI.U) announced today that it
has partnered with 888 Holdings Plc (LSE: 888) (“888”), one of the
world’s leading online betting and gaming companies, to provide its
Instant Bank Transfer payment solution to the newly launched SI
Sportsbook, Sports Illustrated's first venture into online sports
betting and iGaming in the United States.
888 partnered with Authentic Brands Group (“ABG”),
the owner of the Sports Illustrated (“SI”) brand, to launch SI
Sportsbook, a sports betting platform that integrates with the
sports news, analysis, and betting information of SI. Nuvei’s
Instant Bank Transfer technology will be powering consumer deposits
on the platform, providing seamless, real-time bank account
funding. With an initial debut in Colorado, SI Sportsbook is
expected to launch in Indiana, Iowa and New Jersey at a later date,
with further states to follow in the coming years.
SI Sportsbook consumers will now have access to
approximately 11,000 financial institutions in the United States
through Nuvei’s platform integration with Plaid. Consumer
transactions are fully authenticated through Plaid’s user-initiated
bank account verification and undergo sophisticated risk management
checks by Nuvei. Nuvei’s proprietary platform also adds
conversion-boosting features including one-click deposits for
returning players.
“Providing customers with the most convenient,
secure, and fast payment experience is at the core of what Nuvei
does,” said Philip Fayer, Nuvei’s Chair and CEO. “We are excited to
partner with 888 to provide an iconic brand such as Sports
Illustrated the ability to launch strong into the U.S. sports
betting and iGaming market, improving its player acquisition
strategy through our best-in-class user experience,
state-of-the-art risk management and instant payments.”
“Following the announcement of our strategic
partnership with Sports Illustrated, we are thrilled to offer
Nuvei’s innovative services to sportsbook fans,” said Yaniv
Sherman, SVP Head of US at 888. “With high-growth opportunities
across the U.S., it's important for us to deliver a first-class
betting and gaming experience which includes a diverse suite of
payment options. Partnering with Nuvei enables us to enhance the
player experience and further the position of SI Sportsbook as a
cutting-edge platform in the market.”
About Nuvei
We are Nuvei (TSX: NVEI and NVEI.U), the global
payment technology partner of thriving brands. We provide the
intelligence and technology businesses need to succeed locally and
globally, through one integration – propelling them further,
faster. Uniting payment technology and consulting, we help
businesses remove payment barriers, optimize operating costs and
increase acceptance rates. Our proprietary platform provides
seamless pay-in and payout capabilities, connecting merchants with
their customers in 204 markets worldwide, with local acquiring in
45 markets. With support for over 480 local and alternative payment
methods, nearly 150 currencies and 40 cryptocurrencies, merchants
can capture every payment opportunity that comes their way. Our
purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
About 888 Holdings Plc
888 Holdings plc (and together 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
state-of-the-art technology and products that provide fun, fair and
safe digital gambling products to players globally. Safer gambling
is a core focus for the Group and, at the beginning of 2020, 888
launched its ‘Safer. Better. Together’ safer gambling strategy and
commitments.
888 has been at the forefront of the online gaming
industry since its foundation in 1997, leveraging its proprietary
technology to provide players and B2B partners an innovative and
world-class online gaming experience.
In 2020, the company was proud to be recognised at
the 2020 Gaming Intelligence awards as the winner in 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
Beginner Software categories.
The Group is structured into two lines of business:
B2C, under the 888 brands, and B2B, conducted through Dragonfish,
which provides partners a leading platform through which to
establish an online gaming presence and monetise their own brands
in a safe and responsible manner.
888's consumer facing websites offer more than just
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. 888's
strong and trusted brands are all accessible through
www.888.com.
Find out more about 888 at
http://corporate.888.com/.
About Sports IllustratedSports
Illustrated (SI) is an unparalleled and influential leader
recognized for shaping modern culture and uniting athletes, teams,
and fans worldwide. SI’s award-winning media enterprise brings
powerful storytelling to life across platforms ranging from
Emmy-winning video to the monthly print magazine with a 60-year
heritage. Get in-depth features, probing profiles, and iconic and
beloved photography from top sportswriters in the game at SI.com.
Sports Illustrated also shares its unique and authentic perspective
year-round through marquee events, immersive activations, long-form
television, film, and audio content as well as select lifestyle
products. Brand extensions include Sports Illustrated Swimsuit,
which continues to set the cultural tone and evoke 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 sports.
Nuvei Contacts:
Investor RelationsIR@nuvei.com
Public RelationsPR@nuvei.com
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