Nuvei - CEO, Philip Fayer.
CEO, Philip Fayer.
Source: Nuvei.
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  • Nuvei (NVEI) has been granted approval by the New York State Gaming Commission to process payments for licensed digital sports betting platforms
  • Nine operators are expected to be fully operational once regulatory approvals are finalized
  • New Yorkers can now make wagers on their preferred digital devices, rather than being limited to brick & mortar betting stores
  • Nuvei Corp provides mobile, online and in-store payment technology solutions to merchants and partners
  • Nuvei Corporation (NVEI) is down 0.63 per cent on the day, trading at C$77.91 per share at 11 am EST

Nuvei (NVEI) has been granted approval by the New York State Gaming Commission to process payments for licensed digital sports betting platforms.

The commission approved five operators this month – Caesars Sportsbook, BetMGM, DraftKings, FanDuel and Rush Street Interactive – to accept mobile and online sports wagers.

Nine operators are expected to be fully operational once regulatory approvals are finalized.

The regulatory reform means New Yorkers can make wagers on their preferred digital devices, rather than being limited to brick & mortar betting stores.

“Nuvei announced strategic alliances this past year with multiple US-regulated operators. We are pleased to now be supporting online sports betting operators and platform providers with a convenient, fast and secure payments capability to serve their New York customers,” said Nuvei Chair and CEO Philip Fayer.

“This marks another step in our journey to expand with the growing industry as several states and countries are in the process of regulating online sports betting,” he added.

Nuvei Corp provides mobile, online and in-store payment technology solutions to merchants and partners.

Nuvei Corporation (NVEI) is down 0.63 per cent on the day, trading at C$77.91 per share at 11 am EST.

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