28 May 2019
GVC Holdings PLC
(“GVC” or the “Group”)
Nevada Licence Approval and New Jersey Transactional Waiver
GVC Holdings PLC (LSE: GVC), the global sports-betting and gaming group, is pleased to confirm that following a hearing on 23 May 2019 with the Nevada Gaming Commission (“NGC”), the Group has received the required regulatory approvals to operate in the state for an initial two-year period. In addition, Roar Digital, the Group’s joint venture with MGM Resorts, has received a transactional waiver from the New Jersey Department of Gaming Enforcement (“DGE”), to operate in the state of New Jersey.
The NGC approvals clear the way for Roar Digital, to receive its licence to offer online betting and online gaming (currently limited to poker) within Nevada on a B2C and B2B basis, while the transactional waiver from the DGE enables Roar Digital to offer sports betting and online gaming products within New Jersey.
Roar Digital was established in July 2018 to create a world-class sports betting and online gaming platform in the United States, in order to take advantage of the new opportunities created by the US Supreme Court’s decision to overturn the US federal Professional and Amateur Sports Protection Act (“PASPA”).
Kenneth Alexander, CEO said:
“I am delighted the Nevada Gaming Commission has confirmed that GVC meets its stringent regulatory requirements in order to offer betting and gaming products in the state. Coming at the same time as Roar Digital receives a transactional waiver to operate in New Jersey, GVC and our MGM joint venture are hitting important milestones which pave the way for the creation of a market leading US betting and gaming business.”
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GVC Holdings PLC
Kenneth Alexander, Chief Executive Officer
Rob Wood, Chief Financial Officer
Paul Tymms, Director of Investor Relations & Corporate Communications
David Rydell/Chris Lane/Jamie Hooper/Hannah Ratcliff
Tel: +44 (0) 20 7466 5000
About GVC Holdings PLC
GVC Holdings PLC is one of the world’s largest sports-betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds and Sportingbet; Games Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. GVC acquired Ladbrokes Coral Group plc on 28 March 2018 and is now the UK’s largest high street bookmaker, with over 3,400 betting shops. The Group has also entered into a joint-venture with MGM Resorts to capitalise on the sports-betting and gaming opportunity in the US. The Group, incorporated in the Isle of Man, is a constituent of the FTSE 250 index and has licences in more than 20 countries, across five continents.
For more information see the Group’s website: www.gvc-plc.com