Canadian financial technology specialist Nuvei unveiled a new partnership agreement with 888, a global gambling juggernaut. As per the deal, the former company will enhance the operator’s payment capabilities, helping it expand its presence in the United States.

According to the announcement, 888 will leverage Nuvei’s superior tech platform, acquiring reach, instant bank-to-bank payments and profound knowledge of iGaming to bolster its business while preventing risk.

Nuvei’s Instant Bank Transfer is the first payment method for instant account-to-account deposits and payouts in the US. This means that 888’s American customers will now be able to directly move funds between their 888 account and their bank card.

This is not the first time 888 and Nuvei have worked together. The fintech specialist has been powering 888’s European business with solutions ever since 2017. In addition, the tech company helped 888 make a foray into the Canadian province of Ontario, which legalized iGaming last year.

The new agreement with 888 cements Nuvei as a leading fintech provider to the iGaming industry. The company is well-known for its solutions that help operators maximize revenues while providing players with intuitive payment options.

Earlier this year, the provider also penned a partnership arrangement with Resorts Digital Gaming.

888 Trusts Nuvei’s Solutions

Representatives of the two companies shared their thoughts on the agreement. Nuvei’s chairman and chief executive officer, Philip Fayer, said that his team is excited to grow its relationship with 888. Fayer noted that the fintech provider is excited to help the operator expand by powering its US business with many key solutions.

Optimizing card payment acceptance is a key component of the cashier experience, and Nuvei has decades of experience supporting operators maximize their revenue growth.

Philip Fayer, chair & CEO, Nuvei

Noam Klivitzky, 888’s vice president of US marketing, recognized the importance of such solutions. He said that seamless deposits and withdrawals are “critical to the overall platform experience” and something that players appreciate a lot.

At 888 we’re committed to offering the most comprehensive iGaming experience in the market, so we’re excited to add Nuvei’s card acquiring capabilities alongside its Instant Bank Transfer solution.

Noam Klivitzky, VP of US marketing, 888

Klivitzky praised Nuvei’s history of helping iGaming operators optimize their performance through fintech solutions.

Speaking of 888, the company recently welcomed Per Widerström as its new chief executive officer. The appointment came shortly after the departure of 888’s director of business development, Yariv Lavi.

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PXP Financial, a global acquiring, payment, fraud and data analysis specialist, has announced a new partnership with the leading gambling operator Kindred Group.

Under the agreement, Kindred, which operates 9 gaming brands, will leverage PXP Financial solutions to reinforce its business. The payment processes provided by PXP Financial are robust, reliable and, according to the company, never detract from the gaming experience.

PXP Financial provides a single unified payments platform to accept payments online, on mobile and at the point of sale. Its solutions are powered by proprietary acquiring, over 200 alternative payment methods & financial services, allowing it to process over 22.7 billion Euro a year.

PXP Financial currently holds a significant US market share. Boosted by the rapid growth of the region’s gambling industry, the company now offers seamless and reliable payment solutions to a variety of gambling operators.

PXP Financial believes that smooth transactions are integral to gambling and noted that statistics show 49% of gamers tend to deposit more if they have better withdrawal options.

The Deal Will Expand PXP Financial’s US Presence

Kamran Hedjri, PXP Financial’s group chief executive officer, spoke about the agreement with Kindred, saying that his team is “ideally placed” to help Kindred Group cut costs and improve its revenue while increasing player satisfaction.

Hedjri added that the current deal is a major opportunity for his team since Kindred is one of the most influential players in the US.

Kindred Group is an extremely well-regarded brand in the industry, and this partnership is not only an opportunity to meet all its payments needs, but further expand our footprint in the US.

Kamran Hedjri, group CEO, PXP Financial

Mickael Marceau, Kindred Group’s director of payment solutions, also commented on the deal. He said that PXP has its origins in the gambling industry and is therefore a reliable platform that will help Kindred make its payments flexible, instant and global.

We’ve been collaborating with PXP Financial for a while and have been impressed with the team’s proactivity and gambling expertise. We’re now excited to get the partnership off the ground and see how it can improve our customers’ journey.

Mickael Marceau, director of payment solutions, Kindred Group

Speaking of Kindred, the company just launched its proprietary platform in New Jersey. The launch will support the company’s US-facing business, as Kindred plans to roll out the platform in other states where it has a presence as well.

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Everi Holdings Inc., a major provider of casino gaming products and services, has agreed to purchase certain assets of Video King, a top provider of integrated electronic bingo gaming devices and systems for $59 million. The acquisition is expected to be immediately beneficial to the company’s earnings and cash flow.

Video King Licenses in 60 Jurisdictions to Benefit Everi’s Games Segment

The acquisition of Video King will provide Everi with complementary assets and an established customer base to foster growth in its games segment. Video King is currently licensed in about 60 jurisdictions and is expected to expand Everi’s player-popular digital gaming content. 

Video King is to enable around 20% of its existing portable e-gaming tablets to offer traditional bingo games, Class II video poker, slots, and instant win games, as well as a digital wallet and loyalty products to players, subject to meeting regulatory requirements.

In 2022, Video King earned over $25 million in revenue, mostly from the recurring revenues generated by an installed base of more than 50,000 portable electronic bingo tablets, which are deployed across tribal casinos, commercial casinos, military bases, charitable bingo halls, and cruise lines. Additionally, the company made revenue from the sale of traditional bingo equipment and consumables.

Video King Acquisition Set to Enhance Everi’s Games and Fintech Solutions

Everi CEO Randy Taylor said the company had successfully executed acquisitions that have grown its product capabilities and markets served in recent years. The acquisition of Video King will help elevate Everi’s current games, FinTech, and digital solutions with and adjacent to its established customer base, providing another lever for growth. 

Tim Richards, Everi executive vice president, chief strategy and digital officer, said Video King provides Everi with an expansive new channel to deploy its growing catalog of digital iGames while enhancing the player experience by incorporating its digital wallet and loyalty products, and adding a new source to generate recurring revenue.

Richards further added: “We see a significant opportunity to collaborate with the Video King team to develop new gaming content and play enhancements to optimize player engagement and drive increased customer traffic.” 

Everi Holdings Inc. is a publicly-traded company that provides technology solutions for the gaming industry. The company is headquartered in Las Vegas, Nevada and is registered with the New York Stock Exchange. It offers a diverse range of products and services, including slot machines, financial technology solutions, loyalty systems, and other gaming-related products. Everi’s client base is global, with the company serving customers in the United States, Canada, Europe, and Asia.

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