The New Jersey Division of Gaming Enforcement (NJDGE) has given gaming solution giant Playtech a green light to launch online casino products in New Jersey.
The approval marks the first step to enter the US gambling market by PlayTech.
Regulatory Approval
The gaming solution company also expects to launch its products with other partners in New Jersey.
According to Playtech’s Chief Executive Mor Weizer , the approval in New Jersey was a major milestone.
Weizer highlighted that the company has met the stringent regulatory requirements of the NJDGE. He also said the company was happy to be launching in New Jersey with its long-lasting strategic partner, bet 365.
“We are delighted to have met the stringent regulatory requirements of the NJDE and to be launching in New Jersey with our long-standing strategic partner bet365,” he said.
“The US is a highly strategic market for Playtech and we see significant demand for the full breadth of our product offering,” Weizer said.
Weizer said the company is also planning to expand its presence in the state of New Jersey.
Additionally, the company also plans to expand its presence in other states.
he said the company will also expand launch launch a Sportsbook platform and live casino products.
The company will do this pending regulatory approval.
The company notes that it has already started the licencing process in other states.
“This is the first step for Playtech in the US and we are very excited about the long term opportunity,” Weizer said.
So many states in the US have been working on online gambling for the past two years. Additionally, this is a positive thing for the company.
This means there will be even more valuable new markets to the company’s expansion plans.
Playtech Sports Betting
Playtech has a solid reputation when it comes to sports betting.
The company’s sports betting operations in in places like Poland and Mexico have been very successful. The company would definitely be successful if it decides to open a sports betting division in the United States.
Also, the US sports betting industry has been growing rapidly.
This is due to the to the growth of mobile phone use and the internet.
The History of Playtech
PlayTech was founded in 1999, it is headquartered in the Isle of Man.
The company is a gambling software developer.
It provides software for online casino and online Bingo games.
Also, it provides software for online Poker rooms, online sports betting, live dealer games and scratch card games.
Currently, PlayTech operates in 20 regulated jurisdictions.
Conclusion
The US market is ideal for the growth of the company.
Also,given its success in other countries, it will also be successful in the country’s gambling industry.
FAQ
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