Regulators approve GVC’s Nevada license

GVC Holdings has been approved to operate in Nevada following a hearing with the Nevada Gaming Commission (NGC).

GVCholdings

On 8 May, GVC was recommended for a two-year limited license by the Nevada Gaming Control Board (NGCB) and the NGC has supported this decision in a 4-0 vote.

In the four-hour hearing with the NGCB, GVC CEO Kenny Alexander was questioned on failings to supervise online gaming transactions in Turkey. This issue could have been problematic as the operator progressed to its final stages of operation.

GVC started yesterday’s hearing by apologising for its actions, including its response to the line of questions earlier this month. Outgoing Chairman, Lee Feldman, brought up the issue of compliance and told the NGC the company had upgraded its measures in the area.

Virginia McDowell, GVC board member, will oversee compliance activities.

NGC Chairman, Tony Alamo Jr, took a metaphoric approach in his comments. He is reported by CDC Gaming Reports to have said: "You have a leash and that gives me some comfort. I don’t think I need to shorten the leash. I’m very comfortable going forward you won’t step on a nail."

As part of its preliminary approval, GVC was ordered to pay $100,000 for compliance investigations into its own operations. Representatives of GVC did not challenge the two-year limitation.

During the hearing, Feldman informed the Commission the joint venture between GVC and MGM Resorts International had commenced early stages of operation and opened an office in Las Vegas.

It has a staff of 14 with Adam Greenblatt, a former Director at Ladbrokes, appointed CEO in October.

Premium+ Connections
Premium

RISK

 
Premium

Digitain

 
Premium

Galaxsys

 
 
Premium

Sport Generate

 
 
Premium

Imagine Live

 
Premium

PIN-UP Partners

 
Premium

GammaStack

 
Premium

Lynon

 
Premium

1xBet Partners

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Esportes Gaming Brasil

Ana Carolina Luna Maçães

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...