{"id":4730,"date":"2019-05-22T08:26:50","date_gmt":"2019-05-22T08:26:50","guid":{"rendered":"https:\/\/www.bestonlinecasinosites.com\/news\/?p=4730"},"modified":"2019-05-22T08:26:50","modified_gmt":"2019-05-22T08:26:50","slug":"partypoker-may-be-headed-to-nevada-if-gvc-license-approved","status":"publish","type":"post","link":"https:\/\/www.bestonlinecasinosites.com\/news\/partypoker-may-be-headed-to-nevada-if-gvc-license-approved\/","title":{"rendered":"PartyPoker May Be Headed to Nevada If GVC License Is Approved"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Known to be one of the largest online gaming operators on the planet, GVC Holdings has built quite a reputation for itself in <a href=\"https:\/\/www.bestonlinecasinosites.com\/news\/gvc-holdings-premieres-online-casinos-for-swedish-market\/\">a number of regulated online gambling markets<\/a>. The gaming company which owns the resurgent PartyPoker brand now has its sights set on Nevada where it is set to receive an online gambling license that will allow it to launch online poker operations in the state.<\/p>\n\n\n\n<p>This was partly confirmed on May 8 when the Nevada Gaming Control Board (NGCB) recommended the <a rel=\"noreferrer noopener\" aria-label=\"approval of a provisional license (opens in a new tab)\" href=\"https:\/\/calvinayre.com\/2019\/05\/09\/business\/gvc-a-step-closer-to-nevada-license-in-squeaker-2-1-vote\/\" target=\"_blank\">approval of a provisional license<\/a> for the gaming company \u2013 this recommendation included a request to offer internet poker, which is referred to as &#8220;Interactive Gaming&#8221; in the state. Now, the Nevada Gaming Commission is expected to approve the license on May 23 and if approved the <strong>GVC Holdings will be required to provide a $100,000 fee to the board. <\/strong>The money will be used by the board to cover the costs of further regulatory investigations. <strong>GVC Holdings will also be required to the gaming commission every two years to seek the extension of its operating licenses in the country<\/strong>.<\/p>\n\n\n\n<p>The Nevada Gaming Commission (NGC) is the state body that is\ntasked with administering regulations and granting gaming licenses to qualified\ngaming operators. At the hearing, the NGC is expected to take the NGCB&#8217;s recommendations\ninto consideration before making the decision.<\/p>\n\n\n\n<p>Unsurprisingly, within just a day of receiving the NGCB&#8217;s recommendation,\nGVC Holdings&#8217; PartyPoker LIVE brand\nannounced that it would be heading to the United States for the very first time\nwith a $5 million guaranteed MILLIONS Vegas &#8220;Special Edition&#8221;\ntournament. This prestigious poker tour is set to make a stop at the ARIA\nResort &amp; Casino from June 28 to July 2 just a short while before the start of\nthe 50th anniversary of the highly-acclaimed World Series of Poker (WSOP).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"why-now\">Why Now?<\/h2>\n\n\n\n<p>It is quite puzzling that GVC Holding opted to apply for an\nonline poker license in the state especially considering the fact that it has\nbeen well over six years since the state of Nevada launched its online poker\nmarket \u2013 the market is rather small which implies that there is very little benefit\nthat the company stands to gain by launching an online poker room.<\/p>\n\n\n\n<p>Well, perhaps this is a long-term investment by GVC Holdings which could pay off in case the <a href=\"https:\/\/www.forbes.com\/sites\/danielwallach\/2018\/07\/08\/did-the-supreme-court-reinterpret-the-wire-act-to-allow-cross-border-internet-sports-betting\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"new interpretation of the 1961 Wire Act (opens in a new tab)\">new interpretation of the 1961 Wire Act<\/a> is reversed by the courts of law. This would mean that the state will be able to join the Multi-State Internet Gaming Agreement (MSIGA) which allow online poker operators in states with legal online poker industries to merge their player pools. In essence, share liquidity player pools allow the operators to offer a wider selection of games as well as bigger tournament prize pools \u2013 this, in turn, will translate to increased volume of traffic on GVC Holdings&#8217; platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"Known to be one of the largest online gaming operators on the planet, GVC Holdings has built quite a reputation for itself in a number of regulated online gambling markets. The gaming company which owns the resurgent PartyPoker brand now has its sights set on Nevada where it is set to receive an online gambling [&hellip;]","protected":false},"author":3,"featured_media":4731,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[337,99,351,352,160,353],"class_list":["post-4730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","tag-gvc-holdings","tag-nevada","tag-ngc","tag-ngcb","tag-online-poker","tag-partypoker"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PartyPoker May Be Headed to Nevada If GVC License Is Approved - Best Online Casino Site News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bestonlinecasinosites.com\/news\/partypoker-may-be-headed-to-nevada-if-gvc-license-approved\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PartyPoker May Be Headed to Nevada If GVC License Is Approved - Best Online Casino Site News\" \/>\n<meta property=\"og:description\" content=\"Known to be one of the largest online gaming operators on the planet, GVC Holdings has built quite a reputation for itself in a number of regulated online gambling markets. 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A sucker for travelling, he has an unflagging zeal when it comes to covering events from the world over. He\u2019s taking a temporary stop in India from where he manages to cover important events from both hemispheres. 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