WASHINGTON, D.C. and MONTREAL, March 16, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, announces it has joined the American Gaming Association (AGA). The AGA is the premier national trade group representing the U.S. casino industry.
Nuvei’s Chief Corporate Development Officer, Neil Erlick, will serve on the AGA board of directors, offering unique insights to the industry’s work on advancing payment modernization opportunities in gaming. In addition to serving as a board member, Nuvei will also be actively involved in AGA task forces, most significantly the Payments Modernization working group.
“We are excited to collaborate with the AGA and are confident that our participation will further expand our growth in the U.S. iGaming market. Playing an active role in ensuring that industry collaborators are up to speed with technological advances is very important to us,” said Philip Fayer, Nuvei’s chairman and CEO. “As innovative leaders committed to the success of online gaming operators, we find it our responsibility to ensure regulatory bodies are fully aware of what payment tech is capable of in encouraging responsible wagers, fighting fraud, and equipping merchants and players alike with the necessary tools to ensure fast and secure transactions.”
Recently announcing its ongoing growth in the U.S. iGaming industry, Nuvei has onboarded operators from all online gaming sectors. With the market growing exponentially, Nuvei was swift to obtain licensing in multiple states with many more on the way. This ensures U.S. iGaming operators experience the same innovation and seamless payments that their European counterparts have enjoyed for nearly two decades. The next natural step was to further participate in relevant discussions with advocates such as the AGA, who are equally committed to the business success, legislative, and regulatory issues of those that drive the iGaming industry.
“We are excited to welcome Nuvei and their industry expertise to the AGA family,” said Bill Miller, president and CEO at AGA. “The AGA is focused on helping the industry recover from the devastating impacts of COVID-19 on gaming. As an industry and an association, we are stronger when we’re working together. With the help of members like Nuvei, we can accelerate our recovery.”
We are Nuvei (TSX: NVEI and NVEI.U), 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 offers direct connections to all major payment card schemes in over 200 markets worldwide, supports 455 local and alternative payment methods and nearly 150 currencies. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
This press release contains “forward-looking information” within the meaning of applicable securities laws, including statements with regards to the potential opportunities arising from Nuvei’s association and participation with the AGA. Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to those described under “Risk Factors” in the Management’s Discussion and Analysis of financial condition and results of operations dated March 10, 2021. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release, and the Company does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.