NetEnt secures permanent license in New Jersey, eyes Growth in the newly regulated Pennsylvanian online Gaming market
Swedish supplier of online casino games NetEnt has locked a permanent license from the New Jersey Division of Gaming Enforcement more than three years after the company initially entered the local market.
According to a statement published by NetEnt earlier today, the supplier has been granted a permanent Casino Service Industry Enterprise license by New Jersey’s gaming regulator. The company thus reached an important milestone in its own strategy to expand across the pond. The recently obtained license is NetEnt’s one in the United States. The company has repeatedly pointed out that it aims to enlarge its footprint farther across the united states, should online gaming becomes legalized in more nations.
NetEnt applied for a New Jersey license in 2015. The company has been given a transactional waiver by state gaming regulators to supply its goods and services while its program has been under review in September 2015. Within the course of the past three and a half years, the Swedish supplier has created partnerships with a variety of Atlantic City’s land-based casinos which are additionally authorized to provide online gambling solutions.
NetEnt first launched its own articles with Resorts Casino in Atlantic City at December 2015. The company has also gone with the Borgata, Hard Rock Hotel & Casino Atlantic City, and Ocean Resort Casino, Amongst Others.
Additional US Expansion
Aside from New Jersey, NetEnt has also applied for an online gaming license in Pennsylvania. The country legalized the provision of online gambling and gambling services in the fall of 2017 as a portion of a bigger gambling expansion bundle . However, digital gaming services are yet to go live there.
NetEnt Chief Executive Therese Hillman stated last week during the business ’s full-year financial results presentation that they anticipate the launch of online gambling to be postponed in Pennsylvania due to changes in the regulatory conditions.
Ms. Hillman went on to state that they are following closely the latest developments in the US following the Department of Justice’s recent statement that it has shifted its position on the nation’s Wire Act. NetEnt’s CEO pointed out that there has been a certain amount of uncertainty surrounding the future of the controlled US gaming industry, but they “do not find any reason to reevaluate [their own ] US growth strategies ” at this point.
NetEnt reported full-year revenue of SEK1.782 billion (approx.
Last September, the company marked an significant comeback to the online gaming market of Canada. Through a partnership with the British Columbia Lottery Corporation and online gaming group IGT, NetEnt matches went reside in the controlled market of the Canadian state. The Swedish supplier closed its gates for Canadian players back in 2016.
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