Summary: The New Jersey Division of Gaming Enforcement has approved NetEnt has a permanent license holder when it comes to online gambling.
The state of New Jersey is the top earner when it comes to online gambling. The state continues to hit new milestones and set new records when it comes to online casino and poker gaming. The state now offers online sports betting, which is only going to propel the monthly revenue totals even higher. Operators and game suppliers from around the world as well as inside the United States want to offer their services in New Jersey. The market is a golden one, set to be successful indefinitely. For NetEnt, their license as casino supplier was recently updated, allowing the company to permanently offer services in the region.
Permanent Casino Supplier
NetEnt has secured a permanent license to remain as a casino supplier in New Jersey indefinitely. The company is now focusing their efforts on their New Jersey offering and also securing an expansion into the online gambling market of Pennsylvania.
The Swedish provider offers quality online gaming content that is offered to players from around the world. The New Jersey Division of Gaming Enforcement decided to give the company permanent licensing after they had been in operation for other three years in the region.
NetEnt was given a Casino Service Industry Enterprise license that is now permanent. The license is the first one for company in the United States of this kind and they hope to continue to expand into other areas in the nation.
The company first applied for a license in the state back in 2015. Regulators gave the company a transactional waiver to be able to provide products and services while their application remained under review. During the three+ years that the company was in operation, they were able to create partnerships with several casinos in Atlantic City to further their reach within the region.
In Atlantic City, NetEnt was first operational via Resorts Casino. They then formed partnerships and launched online via such operators as the Borgata, Ocean Resort Casino and the Hard Rock Atlantic City and more.
Moving into Pennsylvania
Because NetEnt has been so successful in New Jersey, they hope to see the same success as they move into other markets. Pennsylvania is the latest state in the US to be ready to start offering online gaming. The state legalized iGaming in late 2017 and 2018 was spent setting up regulations, approving licensing and setting up partnerships.
This year, the state is set to launch digital services and NetEnt wants to be involved. Executives of the company feel that
Pennsylvania will be launching later on as regulatory requirements have been changed. NetEnt is also taking a look at the recent Wire Act changes and want to see how the federal government plans on enforcing their new ruling where all interstate online gambling is considered illegal.
While the change is something to consider, the company does not feel that the new opinion will affect their plans to further expand within the US. It will be interesting to watch as the company continues to offer services in New Jersey and hopefully gets started in Pennsylvania in the future.