fbpx

September 29, 2020Blog Posts

Nuvei expands sports betting payment processing into Colorado

Nuvei

Nuvei Corporation (“Nuvei” or the “Company”), the global payment technology partner of thriving brands, announced that it has received its sports betting vendor license from Colorado’s Division of Gaming. This permits the Company to process payments within the state’s boundaries on regulated sports betting sites and apps.

After winning approval to do business in the state of Indiana last month, Nuvei will now be able to offer its full-service payment solutions, including Cashier – its innovative and customizable pay-in and pay-out platform – to the iGaming and sports betting industries in Colorado. This approval is part of the Company’s ongoing strategic plan to support the growing U.S. sports betting industry.

Sports betting was legalized in Colorado as of May 1 of this year after approval by state voters in November 2019. Legal bets must be placed with authorized sportsbooks and operators.

Nuvei can now provide gaming operators and companies with seamless payment services for customers over the age of 21 who place legal wagers on games in the National Football League (NFL), Major League Baseball (MLB), the National Basketball Association (NBA), the National Hockey League (NHL), and any other professional and amateur sports betting transactions across the State.

Nuvei completes acquisition of SafeCharge for US $889 million,  strengthening its global payment technology and reach | Fintech Zoom -  World Finance

Source

Interested in learning how COVID-19 has impacted the payments industry?

TSG has released a variety of COVID-19 content to highlight the impact to the payments industry. Click here for a collection of resources from articles to infographics containing shareable insights.

  • Share this post: