Ep 235: Advent breaks Easter with Nuvei takeover

Easter’s four-day break sees the global gambling sector return to the news that Canadian fintech and payments darling Nuvei has been acquired by PE Group Advent International for $6.3bn.

Going private, what will be the ramifications of Nuvei’s takeover be on gambling incumbents? Taking into account the fast rise of a multi-billion enterprise primarily built on servicing the high-risk payment and customer onboarding duties of operators such as Entain, Flutter, DraftKings and bet365.

Elsewhere, Italy’s ongoing reorganisation of its gambling laws, hits a stumbling block with regards to how federal rules can be applied across autonomous provinces who demand guaranteed protections and compensation to implement changes.

To read more on the topics, click on the following link:

- https://sbcnews.co.uk/technology/2024/04/02/nuvei-agrees-final-terms-on-6-4bn-sale-to-advent-pe/

Host: Joe Streeter
Guests: Ted Menmuir & Ted Orme-Claye
Producer: Anaya McDonald
Editor: James Ross

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