Skip to main content

Nuvei Receives Approval for Event Wagering and Fantasy Sports Payments in Arizona

Written by Customer Service on . Posted in Public Companies.

Nuvei

Payment Technology Partner

Payment Technology Partner

MONTREAL and PHOENIX, Nov. 23, 2021 (GLOBE NEWSWIRE) — Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, has announced that its wholly-owned subsidiary has been granted an Event Wagering and Fantasy Sports Supplier license in Arizona.

Online sports betting became legal in Arizona in April 2021. Regulated sportsbooks and sportsbook apps formally began operating in the state on September 9, 2021, just prior to the kickoff of the 2021 NFL season. It is estimated that sports wagering in the state will be worth over $3 billion annually and generate over $200 million in gaming revenue(1).

The approval from the Arizona Department of Gaming allows Nuvei to further grow its U.S. online sports betting footprint into yet another state. The Company’s deep-rooted industry expertise and future-forward solutions including a broad range of payment methods, optimized transaction flows, and instant payouts can offer state operators even greater revenue possibilities.

About Nuvei

We are Nuvei (Nasdaq: NVEI) (TSX: NVEI) 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 500 local and alternative payment methods, 210 currencies including 100 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.

(1) PlayAZ.com: Arizona Sportsbooks Will Grow To Take In More Than $3 Billion In Bets Annually

Attachment

CONTACT: Public Relations
PR@nuvei.com

Investor Relations
IR@nuvei.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.