Online Casino Prime News & Updates

As the premiere source for gambling news and updates, Online Casino Prime has everything about online casinos and Internet gambling. We offer a complete, detailed and in-depth information with regards to online casino industry.

European Online Bookmaking Software Developer Confirms License with Nevada Casino, a European giant in online bookmaking has finally set its sights on foreign shore as it confirms Nevada licensing with Boyd Gaming Corporation along with MGM Resorts International. The European bookmaking authority based in Gibraltar awaits approval from the gaming regulators of the state of Nevada after its application was filed over a year ago. Chief Executive Officer, Norbert Teufelberger stated in an interview that the company opted not to physically locate and operate in the Nevada State. However it would focus all its resources in New Jersey. It is common knowledge and news in the Internet betting industry that the state of New Jersey basically modified and enacted its laws for virtual wagering early in 2013.

According to the legal representative of in Nevada, Frank Schreck, the company chooses New Jersey because it is the only state that offers a definite and sure time table. Nevertheless, the European based company is still pursuing its Internet casino ventures in Nevada. The announcement from CEO was made right after reports of the decline of net earnings of the company last year 2012 with a whopping 17% plummet. Moreover, the company likewise deduced its revenue estimates for the current year 2013. Teufelberger further stated that there is high potentials and hopes that could split the earnings and revenue with Caesars Entertainment Corp. Caesars operate and manage four of the twelve major bookmaking properties in New Jersey particularly Atlantic City. Caesars is also in its way of launching WSOP branded site to debut in New Jersey.

The launch of in New Jersey and Nevada wagering market is to take place with its collaboration with another prime gambling company Boyd Gaming. Boyd Gaming is the 50% owner and operator of Borgata, the leading bookmaking provider in the market. According to Keith Smith, Borgata brand CEO, the collaboration of with Borgata would open its doors to gaining a substantial share in the lucrative Internet betting market. Internet wagers in New Jersey and Nevada are allowed to place their bets in computers and devices only within the borders of the states.

This entry was posted in Casino News, June 2013, Online Gambling. Bookmark the permalink.

Comments are closed.