Nevada Gaming Commission (NGC) has conditionally approved the European gambling giant GVC’s application for an interactive gaming license. Following the conditional approval, it is likely that the PartyPoker brand could once again be available in Nevada.
The gambling commission had a meeting with GVC executives following which the approval was granted. The company got approval for Bwin.Party (USA) entity which operates all GVC’s US party poker operations.
While MGM could be amongst the potential clients of the GVC’s brands, the company already has deals with casinos in Nevada.
Party poker brand was pulled out of the US market after UIGEA (Unlawful Internet Gambling Enforcement Act) was passed in 2006. However, since then, the party poker brand’s ownership has changed quite a few times with GVC owning the brand at present. Though the company has secured a conditional approval, it will have to apply for a full-scale license after two years.
GVC owns and operates a fleet of online and retail casino and gambling brands including party poker, bwin, Ladbrokes, Coral, Gala, SportingBet, EuroBet, and others.
Earlier in April GVC posted an 8% growth on its net gaming revenue for the first quarter. The company attributed the increase to better revenues from virtual sports and gambling stakes. Its online performance has been great and mitigated the dampening returns from the retail markets.