Nuvei Secures Approval for Processing Sports Betting and iGaming Payments in Connecticut

Nuvei to provide payment processing expertise and technology to Connecticut’s online gaming operators


MONTREAL and HARTFORD, Connecticut, Oct. 20, 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 online gaming service provider vendor registration in Connecticut. The registration was approved by the Connecticut Board of Consumer Protection and allows Nuvei to support sports betting and iGaming operators within the state. 

Online sports betting was legalized in Connecticut in May 2021. Since the law’s passage, operators in the state have been preparing to debut their sports betting and iGaming capabilities, with the first legal online sportsbooks going live as of October 19. Nuvei stands as a proven solution provider to assist these operators with industry expertise and payment processing technology that includes a revenue optimization suite, streamlined pay-ins through a variety of payment methods including cards, ACH and alternative payments, net deposits, real-time fraud detection, risk management, and instant payouts. 

Nuvei continues to expand its footprint as the payment provider of choice for regulated online sports betting across the U.S., with high-profile partnerships including 888 and SI Sportsbook, Carousel Group, Triplebet/Matchbet, PrizePicks, and BetMGM. 

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 over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 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.  

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