GVC Holdings can use online gaming licences previously issued to bwin.party, which the company acquired for more than £1bn in 2015, following an investigation by the New Jersey Division of Gaming Enforcement.
The DGE determined that the New Jersey licences held by bwin.party remain valid under GVC’s ownership and that a transactional waiver is not needed in connection with existing New Jersey contracts.
Additionally, the DGE ordered the termination of the monitoring agreement under which bwin.party had been operating since its acquisition by GVC.
