New Jersey’s GVC ruling proves ‘black’ markets are actually red, white & blue

New Jersey gaming regulators have okayed GVC Holdings to continue operating its brands in the state’s regulated online gambling market.

On Monday, the UK-listed GVC announced that the New Jersey Division of Gaming Enforcement (DGE) had concluded its preliminary investigation into GVC’s suitability to continue operating’s NJ-facing brands following GVC’s takeover of the company.

GVC quoted the DGE saying that a study of GVC’s business operations had led investigators to conclude that “GVC and its individual qualifiers possess the requisite good character, honesty and integrity should it file for a transactional waiver” in the state.

Furthermore, the DGE determined that GVC didn’t actually need to pursue a transactional waiver to ensure the continued operation of its existing NJ-facing operations.

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The Daily Payoff
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