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Bwin.Party licenses in New Jersey remain valid
G.V.C. PASSES THE NEW JERSEY REGULATORS INSPECTION
Preliminary investigation determines that recently acquired Bwin.Party licenses in New Jersey remain valid and there is no need for an additional transaction waiver.
The European-based online gambling group GVC Holdings, has announced that on June 9 the New Jersey Division of Gaming Enforcement issued an order concluding its preliminary investigation of GVC in connection with its acquisition of Bwin.Party Digital Entertainment plc.
In a company statement GVC revealed that as part of its preliminary investigation, the DGE examined its business operations and concluded, "GVC and its individual qualifiers possess the requisite good character, honesty, and integrity should it file for a transactional waiver."
The DGE determined that the New Jersey licenses held by Bwin.Party shall remain valid under GVCs ownership and a transactional waiver is not needed in connection with existing New Jersey contracts.
Additionally, the New Jersey regulator ordered the termination of the Monitoring Agreement under which Bwin.Party had been operating since the acquisition by GVC.
GVC group chief executive Kenneth Alexander said Monday:
"I am delighted the DGE has confirmed that GVC meets its stringent regulatory requirements and that Bwin.Party can continue to operate in New Jersey under its current licences. This is an important development for GVC and one that places the enlarged Group in a strong position should further regulated opportunities in the US arise. GVC has licences in over 14 countries and continues to seek further licences in markets as the regulatory framework evolves."
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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