{"id":36606,"date":"2016-06-13T14:03:15","date_gmt":"2016-06-13T21:03:15","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=36606"},"modified":"2016-06-13T14:05:27","modified_gmt":"2016-06-13T21:05:27","slug":"gvc-licensed-new-jersey","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/gvc-licensed-new-jersey\/","title":{"rendered":"GVC Licensed in New Jersey"},"content":{"rendered":"
\"GVC
GVC is welcomed to New Jersey, but does it actually want to be there at all? (Image: thinkprogress.org)<\/figcaption><\/figure>\n

GVC, the new owner of bwin.party, has received licensing approval in New Jersey, which means it would be free to continue its partnership with Borgata to offer online gaming in the state, should both parties choose to do so.<\/p>\n

GVC<\/a> acquired bwin.party for $1.6 billion at the beginning of February, following a protracted bidding war with 888. But since GVC did not hold a license in the state, it was forced to petition the New Jersey Division of Gaming Enforcement for a temporary license so that party-Borgata could continue to operate, while its full application was considered. This was granted under the proviso have no \u201coperational or management control or influence\u201d in the interim.<\/p>\n

GVC\u2019s licensing was a real test of New Jersey\u2019s tolerance of gray market operators, which would appear to be fairly high on the basis of today\u2019s news.<\/p>\n

The company as a whole engages with more gray markets around the world than bwin.party did, and one of its first moves following acquisition was to reenter Party Poker into 21 such markets across Europe and the Americas. Many of these had been abandoned in 2013 by the previous management, possibly to increase its chances of being licensed in the US in the first place.<\/p>\n

Gray Matters<\/b><\/h2>\n

In a recent clarification on its position on gray markets, the DGE acknowledged that there were different shades of gray (50?), and so applicants would be examined on a case by case basis, with close scrutiny of each jurisdiction in which they operated unlicensed. GVC, it appears, is the right shade of gray for New Jersey.<\/p>\n

There have been rumors, however, of a breakdown of the relationship between party and GVC, fueled largely by a press release circulated in February by GAN, formerly the Game Account Network.<\/strong><\/p><\/blockquote>\n

The presser stated GAN had extended its existing play-money money deal with Borgata to offer real-money gaming and that the company was looking forward to servicing \u201cBorgata\u2019s real money Regulated Gaming online experience in the event certain conditions are met.\u201d Meanwhile, eGaming Review reported that Jim Ryan\u2019s Pala Interactive had been selected as Borgata\u2019s new poker platform.<\/p>\n

Strained Relations<\/b><\/h2>\n

The relationship may have been soured the uncertainty surrounding GVC\u2019s licensing and by its apparent ambivalence towards the US markets. Certainly, New Jersey<\/a> would seem to be a less attractive prospect to GVC than it had to bwin.party in 2013 when there was hope that other states would follow it into regulation.<\/p>\n

\u201cOne of the issues bwin.party has had, is that it\u2019s tied itself in knots and relied a lot on the US business opening up, and obviously it hasn\u2019t really opened up in the way they had hoped,\u201d GVC CEO Kenny Alexander told Gambling Insider recently. \u201cThat has damaged their business. The US is not a big part of our overall strategy.\u201d<\/p>\n

GVC is free to operate in New Jersey, but whether the apparently strained relationship with the Borgata can continue remains to be seen, and it would seem that GVC isn\u2019t too bothered either way.<\/p>\n","protected":false},"excerpt":{"rendered":"

GVC, the new owner of bwin.party, has received licensing approval in New Jersey, which means it would be free to continue its partnership with Borgata to offer online gaming in the state, should both parties choose to do so. GVC acquired bwin.party for $1.6 billion at the beginning of February, following a protracted bidding war […]<\/p>\n","protected":false},"author":42,"featured_media":36608,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19,13,20],"tags":[],"acf":[],"yoast_head":"\nGVC Licensed in New Jersey<\/title>\n<meta name=\"description\" content=\"GVC received the go-ahead from DGE, but is its relationship with Borgata now strained?\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GVC Licensed in New Jersey\" \/>\n<meta property=\"og:description\" content=\"GVC received the go-ahead from DGE, but is its relationship with Borgata now strained?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/gvc-licensed-new-jersey\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2016-06-13T21:03:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-06-13T21:05:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/06\/Welcome-to-New-Jersey.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"594\" \/>\n\t<meta property=\"og:image:height\" content=\"283\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/gvc-licensed-new-jersey\/\",\"url\":\"https:\/\/www.casino.org\/news\/gvc-licensed-new-jersey\/\",\"name\":\"GVC Licensed in New Jersey\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/gvc-licensed-new-jersey\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/gvc-licensed-new-jersey\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/06\/Welcome-to-New-Jersey.jpg\",\"datePublished\":\"2016-06-13T21:03:15+00:00\",\"dateModified\":\"2016-06-13T21:05:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"GVC received the go-ahead from DGE, but is its relationship with Borgata now strained?\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/gvc-licensed-new-jersey\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/gvc-licensed-new-jersey\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/gvc-licensed-new-jersey\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/06\/Welcome-to-New-Jersey.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/06\/Welcome-to-New-Jersey.jpg\",\"width\":594,\"height\":283,\"caption\":\"GVC is welcomed to New Jersey, but does it actually want to be there at all? 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