Sportech Acquires New Jersey Online Casino Licence

Sportech became the first European company to acquire an online gambling licence in the state of New Jersey. It became the first European company to be granted an online casino license. Both company and the New Jersey Division of Gaming Enforcement announced that from this day forward Sportech could offer online gambling services in the state.

Thorough investigation required

SportechAs it is a European company, Sportech commented that the New Jersey Division of Gaming Enforcement had to conduct rigid investigations before the company could be awarded the license.

This is great news for the US online gambling community and market wholly. However, it still shows that European companies are being subjected to much more stringent standards and investigations than US companies when applying for the appropriate online license.

Besides New Jersey, Nevada and Delaware are the two other US states at this moment that offer either legal online casinos or online poker. This looks poised to change as legalization processes in terms of online gambling is on its way. Federal legalization might be difficult according to experts.

Eligibility

That being said, there exist plenty of rules, laws and limitations on online gambling in these three states and on what kind of companies can offer these kinds of services. Traditionally International as well as European countries have been discouraged and not been able to acquire gambling licenses in almost all US states.

For example, in New Jersey, only online gambling companies who have formed revenue sharing partnerships with land based casinos can acquire licenses.

Plans are in place for more US states to open up to European and international gambling companies. States that could join the legalisation process are expected to be California and Pennsylvania.