SBR newswoman Natalie gives an international iGaming news update. Today's video focuses on the recent news out of Las Vegas with respect to interactive gaming licenses, as well as WillHill's gaming license. The report also covers Delaware internet gambling news: House Bill 333, the Delaware Gaming Competitiveness Act of 2012 is scheduled for a full senate vote next week.
Las Vegas is a truly historic place — millions of tourists flock to the Sin City each year to partake in various gambling activities. It is only fitting then that Las Vegas be the first state to make gambling history: yesterday, the Nevada Gaming Commission officially awarded two interactive gaming licenses to Bally Technologies Inc. and International Game Technology. These licenses will allow the two companies to service Nevada casinos with interactive gaming software — including online poker. Chairman Liparelli reportedly gave a 7-month estimate until operations are underway. Once the games are installed, industry insiders believe that similar technologies will be adopted as seen in instra-state mobile sports wagering applications. This may include internet service provider restrictions limited to Nevada and/or GPS technology. We will keep you up to date with the Silver State’s interactive gaming news as it happens.
It was also a celebrated day for UK bookmaker William Hill. Will Hill’s gaming license in Nevada was unanimously approved by the Nevada Gaming Commission. Last month, SBR reported that WillHill’s $55 million deal to acquire three Nevada sportsbooks was to be consummated once WillHill’s gaming license was approved. CEO Ralph Topping has never been happier, giving the following quote to EGR:
CEO Ralph Topping: “I started filling in the forms on the day of the Royal Wedding - I started at 7am and finished at 11pm. It is a privilege to be the first UK business licence in the US.”
Good news out of Delaware: House Bill 333, dubbed The Delaware Gaming Competitiveness Act of 2012 was approved by a Senate Committee. The legislation is now scheduled to proceed for a full floor vote by the Delaware Senate on June 26th. First-term Governor Jack Markell is in favor of the bill, which may make the difference during the Senate vote: a 60% majority vote is required. If all goes well, the Governor could sign the legislation into law at the end of June. The legislation itself allows for internet gambling on lotto, video poker, keno, and sports games. If the bill were to become law, a Director would be appointed by the Delaware Secretary of Finance. Check the SBR newswire later in the week for any updates.
In international news: Betsson’s acquisition of Nordic Gaming Group is now complete. On April 18th, SBR reported that Betsson’s €60 million acquisition of the Maltese company included brands NordicBet, TrioBet and ToBet. The purchase was funded by loan financing as well as the issuing of 217,974 new shares, according to a report by iGaming Business. A statement from Betsson on the deal completion reads as follows:
“Only Nordic Gaming Group as seller of NordicBet has been entitled to subscribe for the new B shares with a right and obligation to pay for the new B shares by transfer of shares in NordicBet,”.