Clicky

GVC Applies for iGaming Licenses in Nevada - PennsylvaniaPoker.com News : PennsylvaniaPoker.com News
GVC
Published on
Update on

Nevada gaming commissioners will on Thursday, May 23 deliver their opinions and ruling on a number of matters relating to the state’s gaming industry. One of the issues at hand include a recent application by GVC Holdings for an online sports betting and online gaming license in the state.

The renowned gambling powerhouse which acquired bwin.party Digital Entertainment in 2016 and Ladbrokes Coral in 2018 now has its sights set on the United States’ gaming market and has chosen Nevada to be part of its expansion plans. It is, however, not the first time that the company will be venturing into the US market – last year, it formed a 50/50 joint venture with MGM Resorts International which involved the creation of an online gaming and sports betting platform in the United States. This joint venture has been making moves with one of the most recent plans being to bring their Roar Digital JV platform to Nevada.

In addition to the sports betting license that they hope to acquire in Nevada, the two companies are hopeful that the state gaming regulators will award them an online gaming license – it is worth noting that in Nevada, online gaming basically refers to online poker. Currently, the online poker industry in the state is a monopoly of the online operation of the World Series of Poker (WSOP). As such, the entry of a new player in the online poker market is definitely bound to shake things up quite a bit.

Is PartyPoker Coming to Nevada?

Interestingly, the online gaming portion of GVC’s Holdings application hints at the fact that the global gambling giant could be gearing up to finally introduce its highly-acclaimed PartyPoker brand to Nevada’s regulated online poker market. This would be a great comeback for PartyPoker which was forced to leave the US market back in 2006 when the Unlawful Internet Gambling Enforcement Act came into effect.

While PartyPoker brand was able to return to the US market to a limited extent through a partnership with MGM’s Borgata casino resort in Atlantic City, it has not managed to get a substantial competitive edge over other online poker operators, especially PokerStars, which is its greatest competitor.

As mentioned earlier, WSOP has already cemented itself in the Nevada regulated market which means that PartyPoker will also have to deal with immense levels of competition on that front while at the same time carving out a name for itself in the country’s gaming market. Still, things are looking up for the company.

Latest Headlines

PokerStars’ PACOOP Kicks Off on September 19 with $1.5M GTD

Pennsylvania has only one online card room, but this hasn’t hurt players’ ability to access some fantastic promotions. The upcoming Pennsylvania Championship Online Poker due to kick off on September 19, 2020, this statement rings ever truer. PACOOP, as the series are known for short, will feature 50 events and a solid $1.5 million in […]

Live Poker Returns at SAHARA Las Vegas Every Weekend

Live poker is back in some capacity and if not in Pennsylvania, then at least in Las Vegas with the SAHARA Las Vegas Poker Room hosting No-Limit Hold’em Tournaments that will now run every Saturday and Sunday at 1 p.m. While the Keystone State has to wait a while longer before live tournaments are reinstated, […]

PokerStars Drop the News: PACOOP Is Coming Back on September 19

PokerStars, the only provider of online poker games in Pennsylvania, has announced a second Championship of Online Poker in the Keystone State. The guaranteed prize pool is expected to reach $2 million and further details are to be released soon, ahead of the September 19 start date. Pennsylvania Will Get a Second PACOOP Starting on […]

Pennsylvania’s Card Rooms Still Shut Down amid Pandemic

Pennsylvania’s card rooms remain shuttered since mid-March while casinos have restarted business Doug Harbach from the PGCB has said that any casino looking to reopen their card room would have to come up with an action plan Card rooms generated mere $37 million over the fiscal 2019/2020 compared to $583 million for table games It […]

Pennsylvania’s Poker Takes a Tumble, Other Verticals Grow

Pennsylvania’s gaming regulator has cleared its brick-and-mortar casino industry for restart in June, but it took a while for patrons to return. One thing that kept going, though, has been online gaming, and specifically the Keystone State’s decision to allow casino properties to expand into iGaming. Online wagering on casino-style games was up in July, […]

Similar PA Casinos Post

Pennsylvania’s Poker Takes a Tumble, Other Verticals Grow

Pennsylvania’s gaming regulator has cleared its brick-and-mortar casino industry for restart in June, but it took a while for patrons to return. One thing that kept going, though, has been online gaming, and specifically the Keystone State’s decision to allow casino properties to expand into iGaming. Online wagering on casino-style games was up in July, […]

Pennsylvania and PokerStars PA Post $3.2M Revenue in June

Despite a back-to-back decline in online poker revenue, June has remained much stronger than the first three months of 2020. Pennsylvania Holds Good Poker Results in April Some have predicted a dip in revenue and results, but online poker in Pennsylvania is still doing very well with June’s revenue reaching $3.2 million. In May, though, […]

Mount Airy Stays Afloat Buoyed up by Poker

Mount Airy Casino Resort registers the smallest revenue decline year-over-year The casino is bolstered by Internet poker and gaming operations Sports betting in Pennsylvania begins to climb up and recover in June Out of all 12 state casinos, Mount Airy has proven the most resilient thanks to its partnership with PokerStars and online poker and […]

Partypoker May Soon Join PokerStars PA in Pennsylvania

Partypoker PA is closer to arriving in Pennsylvania, breaking up PokerStars’ monopoly, and opening an alternative cardroom for players from the Keystone State. As one of the leading platforms in the world, partypoker is well-positioned to make a splash, especially under the leadership of GVC Holdings, one of the largest gambling firms in the industry, […]