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  • Nuvei and 888 Holdings have partnered to provide a payment solution to Sports Illustrated’s online sports betting and iGaming venture
  • 888 partnered with Authentic Brands Group (ABG), the owner of the Sports Illustrated brand, to launch SI Sportsbook
  • Nuvei’s Instant Bank Transfer technology will allow seamless, real-time bank account funding on the platform
  • SI Sportsbook consumers will have access to approximately 11,000 financial institutions in the U.S.
  • Nuvei is a global payment technology provider
  • Nuvei Corporation (NVEI) is down 2.82 per cent, trading at C$158.74 per share at 11:45 am ET

Nuvei (NVEI) has partnered with 888 Holdings to provide its payment solution to Sports Illustrated’s online sports betting and iGaming venture.

888 partnered with Authentic Brands Group (ABG), the owner of the Sports Illustrated 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 allow seamless, real-time bank account funding on the platform. Following its debut in Colorado, SI Sportsbook is expected to launch in Indiana, Iowa and New Jersey, with further states to follow in the coming years.

SI Sportsbook consumers will have access to approximately 11,000 financial institutions in the U.S. 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.”

Nuvei is a global payment technology partner of thriving brands. Uniting payment technology and consulting, Nuvei help businesses remove payment barriers, optimize operating costs and increase acceptance rates.

Nuvei Corporation (NVEI) is down 2.82 per cent, trading at C$158.74 per share at 11:45 am ET.

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