Home > Casino & games > Poker > New Jersey clears bwin.party to operate under GVC ownership

New Jersey clears bwin.party to operate under GVC ownership

| By iGB Editorial Team

The New Jersey Division of Gaming Enforcement (NJDGE) has announced that it will allow bwin.party to continue operating in the US state while its new owner, GVC Holdings, applies for a licence.

Earlier this week, GVC completed its acquisition of bwin.party, taking the online gaming operator’s entire issued ordinary share capital.

However, the move raised questions over the future of bwin.party’s operations in New Jersey, currently only one of three US states that offers regulated online gaming.

Last week, GVC petitioned to the NJDGE to allow bwin.party-owned PartyPoker to continue to operate in the state while it applies for the necessary licence.

In response, NJDGE director David Rebuck has confirmed that bwin.party will be able to continue its operations in New Jersey during this process, but said that GVC must not have any “operational or management control or influence” while its application is under consideration.

GVC said it expects to secure a licence that will enable the company as well as its subsidiaries to continue to offer gambling services in New Jersey.

Related article: GVC finalises acquisition of bwin.party, appoints non-executive directors

Subscribe to the iGaming newsletter