GVC Holdings Spreads Operation into USA Through Nevada Deal

GVC Holdings, one of the largest online gaming operators in the world and owner of the popular partypoker brand, will spread out its online poker operations in the US state of Nevada, thanks to the license it is set to receive.

This came about on May 8^th when the Nevada Gaming Control Board (NGCB) recommended approval of a provisional license for GVC that included a request to offer Interactive Gaming. Interactive Gaming in Nevada refers to internet poker.

If the license is approved, the company will have to provide $100,000 to the board in order to cover the cost that will be brought by further regulatory investigations and return to the gaming commission in two years for permission to continue to operate.

The company, with headquarters located on the Isle of Man, now waits for the approval from Nevada Gaming Commission (NGC), the body that is responsible for administering regulations and granting gaming licenses. The hearing is scheduled to take place on May 23^rd, and it is expected that the NGC will take the recommendation of the NGCB and approve GVC’s request to offer online poker in the state.

Immediately after receiving the recommendation of the NGCB, GVC’s brand partypoker LIVE announced that it will be heading to the United States for the first time with a MILLIONS Vegas “Special Edition” tournament that guarantees a 5 million win. The tour will stop at the ARIA Resort & Casino from June 28^th to July 2^nd before the start of the 50^th anniversary of the World Series of Poker.

Nevada is currently one of the three states that offer legalized online poker in the United States. Pennsylvania will become the fourth when it launches its online gaming marked during the week of July 15^th.