PlayToday.co
  • Home
  • Resources
    • Infographics
    • Stats & Facts
    • Guides
  • News
  • About Us
  • Contact Us
PlayToday.co
  • Home
  • Resources
    • Infographics
    • Stats & Facts
    • Guides
  • News
  • About Us
  • Contact Us

Nevada Grants a Three-Year Gaming License to Entain

  • Last Update: September 2, 2021
  • 2 minute read
Nevada Grants a Three-Year Gaming License to Entain
Image by aymane jdidi from Pixabay

Entain, the parent company of Party Poker and co-owner of BetMGM, gained a three-year interactive gaming license in Nevada. The company had applied for a permanent license, but the Nevada Gaming Commission (NGC) did not approve it.

What does interactive gaming mean? In Nevada, it means online betting and gaming. Currently, this refers to only online poker.

Entain had previously applied for a license in 2019, under the name of GVC Holdings, and was given a similar two-year license. 

The company chose not to use it as it felt the market was not suitable at the time. As that license was set to expire in May, the company re-applied, hoping for a permanent license. As online gambling revenue rose to almost $67B, the company felt now is the right time to enter. 

The last time Entain applied for a license, the Gaming Commission was not impressed with the company’s links to unlicensed gaming activities across multiple countries, mainly Turkey. Since then, there was a change in management and re-branding. 

That was viewed positively by the Nevada Gaming Commission and was granted a three-year license rather than two. To gain permanent approval, the company must commit to achieving legal gaming activity in all of its markets. It already announced a plan to achieve that by 2023.

So when is Entain going live? That is unknown at this point, but Nevada is part of the Multi-State Internet Gaming Agreement (MSIGA) with New Jersey and Delaware, allowing operators to merge their player pool from the three states.

Currently, only WSOP.com is the only operator with a pool from all three states. Party Poker and BetMGM have been operating in New Jersey for almost a decade and can use that pool to launch in Nevada.

While we don’t know when and how Entain will launch in Nevada, but one thing is for sure, online gambling is a hot market. It is expected to reach $93 billion by 2023, and more companies are jumping on board as conditions are improving and markets are expanding.

Share
Tweet
Share
Chavdar Vasilev

After earning his business administration degree in Miami, Florida, Chavdar spent years managing multi-million-dollar eateries. He enjoys writing user guides and training materials, as well as leading new projects. In his spare time, Chavdar loves researching and reading about sports (especially soccer), fitness, health, and travel. Discovering new cultures and people is a personal passion. One day, he hopes to visit all the countries in the world and write about it.

You May Also Like
Best Poker Training Sites and Courses: Poker cards and chips.
View Post

Best Poker Training Sites and Courses in 2023

  • Last Update: March 20, 2023
The cost of creating an NFT
View Post

How much does it cost to create an NFT?

  • Last Update: February 16, 2023
Lucky-Block
View Post

Is Lucky Block Crypto Legit: What You Need to Know

  • Last Update: February 16, 2023
How to Bet on Baseball featured image PlayToday
View Post

How To Bet on Baseball: Bet Types, Tips, and Mistakes To Avoid

  • Last Update: December 15, 2022
what are penny slots featured image playtoday
View Post

What Are Penny Slots? Beginner’s Guide to Low-Stake Gambling

  • Last Update: December 15, 2022
golf terms featured image playtoday
View Post

Golf Terms: Master the Language of the Game

  • Last Update: December 13, 2022

Leave a Reply Cancel reply

You must be logged in to post a comment.

Latest Posts
  • Best Poker Training Sites and Courses: Poker cards and chips.
    Best Poker Training Sites and Courses in 2023
    • Last Update: 20.03.23
  • The cost of creating an NFT
    How much does it cost to create an NFT?
    • Last Update: February 16, 2023
  • Lucky-Block
    Is Lucky Block Crypto Legit: What You Need to Know
    • Last Update: February 16, 2023
  • How to Bet on Baseball featured image PlayToday
    How To Bet on Baseball: Bet Types, Tips, and Mistakes To Avoid
    • Last Update: December 15, 2022
  • what are penny slots featured image playtoday
    What Are Penny Slots? Beginner’s Guide to Low-Stake Gambling
    • Last Update: December 15, 2022
Keep in Touch
PlayToday.co
  • About Us
  • Contact Us
  • Affiliate Disclosure
  • Privacy & Cookie Policy
  • Terms of Use
©2022 PlayToday.co – All Rights Reserved.
bga 18+

Input your search keywords and press Enter.