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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."

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Gambling News :

IS DAN BILZERIAN A POKER FISH? - Dan Bilzerian, the high profile Instagram legend, jet setting playboy and allegedly deadly online poker player who claims he accrued a $50 million fortune playing the game,

Vegas Crest online casino adds 30 new games - The Vegas Crest online casino has announced the addition of 30 new video slots to its games inventory from developers GameArt and Xplosive.

AMAYA C.F.O. RETIRES - Daniel Sebag, the Amaya online gambling group's first and only chief financial officer with ten years’ service under his belt, has retired, according to a company announcement Friday.

Is Sheldon Adelson in Favor of Trumo - With the inaugural presidential lunch coming to a close Friday afternoon, US Congressional reporter Paul Kane offered an interesting tweet, noting:

SD618 Massachusetts Online Gambling bill Updates - A few more details have emerged on Sen. Bruce Tarr's new online gambling legalization bill SD618 just filed in the Massachusetts Senate.

2017 $25,000 buy-in Aussie Millions Challenge event results - Taiwan poker pro James Chen has emerged victorious in the $25,000 buy-in Aussie Millions Challenge event after besting a field of 133 at the Crown in Melbourne.

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

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