GVC Holdings Granted Nevada Gaming License

Online betting group GVC Holdings has announced that they've granted a gaming license by the state of Nevada, allowing the group to offer their services in the Silver State.

The license was unanimously approved of by the Nevada Gaming Control Board, but is limited to just two years, as the board had concerns related to the company's previous history of operating in grey markets. The board grilled GVC CEO Kenneth Alexander earlier this year while discussing the company's operations, and he reportedly didn't respond in the best way.

While GVC did get a license, they do have to pay $100,00 to fund checks during the two year licensing period. The group will use their PartyPoker brand to move online poker in the state, as Nevada only authorizes online poker and sportsbetting within their borders.

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24 May 2019 - 2:28pm

Well it's still a breakthrough for GVC I guess even if it's about for a just 2 year license but obviously they have some bad reputation to make an obstacles to a longer licensing period, I don't think though they'll have too much problems gaining an extension after the initial 2 years probably.

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