Interstate iPoker Network Already Reaping Benefits – Two NJ Companies Receive Full Licenses

Money_GrowthWhile most of the country was focused on the stalemate that is California this week, a couple other pieces of positive iGaming news were released. Delaware has already seen a benefit from shared player pools with Nevada with iPoker revenues up 26% in March. Meanwhile, two iGaming companies in New Jersey have become the first to receive full approval for their online operator licenses.

Delaware Online Poker Up 26% in March

The first interstate online poker network between Nevada and Delaware launched in March and so far, it has had a positive impact. Online poker numbers for Delaware were up 26% to $44,636.

The interstate network officially launched on March 24 with player sharing between WSOP.com in Nevada and Delaware online poker. Most games from WSOP.com were available to Delaware players with the exception of WSOP satellites.

The combined player pool also had an impact on new player signups in Delaware. In March 306 new players signed up for accounts in the state, the largest number of new signups since November of 2014.

March numbers give hope for a solid gain in April. This will be the first full month of player sharing between sites.

At present, PokerScout.com shows both sites averaging 180 players daily with a max of close to 400. It is assumed both numbers reflect the shared pool.

jersey-pokerSportech and bwin.Party First to Receive Full Licensing in New Jersey

The New Jersey Division of Gaming Enforcement (DGE) has finally begun removing the “Transactional” tag to a couple of iGaming licensees in the state. On Tuesday, Sportech and bwin.Party were issued full approval for their Casino Service Industry Enterprise licenses.

Since the launch of New Jersey iGaming in late 2013, iGaming providers had been operating under Transactional Waivers that were renewable every six months. The full approval means that the DGE has completed their investigation of both companies and determined them suitable for continued, hopefully permanent operation in New Jersey.

Bwin.Party operates three sites in the state, including Borgata Poker and partypoker NJ. Sportech has actually been in business in New Jersey for four years. First, they are the payment processor for the state’s off-track betting parlors. Next, their subsidiary NYX Gaming currently provides the backend for ResortsCasino.com.

CEO’s from both companies released statements on the announcement. Bwin.Party CEO Norbert Teufelberger stated, “Receipt of our full licence in New Jersey marks an important milestone for our US business. We believe that the path to regulation across the United States is inevitable and expect that other states will soon follow.
Recognised as being the best poker software supplier and for providing the operating platform behind the best mobile gaming product (poker and casino) as well as the operator of the year in New Jersey[1], together with our partners, we are focused on delivering a safe and secure real money gaming experience for adults wishing to play games using mobile, touch and desktop channels.

We have a demanding delivery pipeline which will provide our customers with further exciting content throughout 2015.”

Sportech CEO Ian Penrose shared similar sentiments, stating, “We are delighted to have been awarded our licence in New Jersey, which we believe is among the first, if not the first, to be acquired there by a European gaming group. It is viewed as a “Gold Standard” in licensing in the sector globally, and is an endorsement of our standards of operations and the qualifications of our directors and senior employees.

I thank all those who have been involved in the process to help us get to this point, and look forward to building on the opportunity that this licence award presents to Sportech.”