Nuvei's (NVEI) subsidiary, Nuvei Technologies, has received approval to process sports betting and iGaming payments in West Virginia.
The company applied for a West Virginia Lottery iGaming Interim Supplier License and Sports Wagering Interim Supplier License. Both of the payment provider’s applications were approved by the state’s Lottery Commission.
West Virginia legalised sports betting in March 2018, in preparation for the NFL’s 2018-2019 season. The law became active in May of that year, after the US Supreme Court decision.
This latest approval has continued to advance Nuvei’s expansion into the United States’ online gaming industry. Last summer, the company met the vendor licensing requirements set by the states of Colorado and Indiana.
As such, Nuvei is authorised to provide its payment solutions to certain gaming and operators and companies. In particular, the solutions are available to customers over the age of 21, who place legal bets on games in the National Football League (NFL), Major League Baseball (MLB), National Basketball Association (NBA), National Hockey League (NHL), and other professional and amateur sports betting transactions.
Nuvei’s Chairman and CEO, Philip Fayer, commented on the company’s approval to join the Mountain State’s gambling industry.
“We are thrilled to have met the requirements to operate in yet another state as we work on our US online gaming industry expansion,” he said.
“We look forward to serving the West Virginia iGaming and sports betting industry with our innovative payment technology that empowers gaming operators to improve conversions and take advantage of greater revenue opportunities,” he added.
Nuvei is up 1.31 per cent and is trading for C$55.62 per share, as of 9:54am EST.