NetEnt’s online casino license in Pennsylvania approved
Almost one month after NetEnt was finally granted its permanent licenses in New Jersey, the company received green light in the state of Pennsylvania as well. It’s thanks to the Interactive Gaming Manufacturer Conditional License that NetEnt will be able to deliver in Pennsylvania. However, a formal market opening date has not yet been announced by the Pennsylvania Gaming Control Board (PGCB).
NetEnt’s adventure in the US market so far
The US online casino market was once the most flourishing iGaming market in the world, but it was in 2006 that the American Gambling Dream came to an end when the Every Port Act of 2006 was passed into law. Part of this bill was the well-known Unlawful Internet Gambling Enforcement Act (UIGEA) which resulted in a shut down of the online gambling market in the United States.
Because the UIGEA provides a banking restriction forcing gambling businesses to decline any payments based on betting or online gambling, players weren’t allowed to play with real money. This confusing little law made many believe that online gambling was prohibited, but that’s not the fact. However, the UIGEA made it extremely difficult for US players to deposit money into their online casino accounts, the main core of the business.
Because many unsuccessful attempts have been made to introduce one all-encompassing federal law involving online gambling, the US states started to introduce intrastate regulations.
So far, this resulted in eight US states legalizing some form of online betting with Delaware being the first in 2012. However, online casino gaming is only allowed in Delaware, New Jersey, Nevada, and Pennsylvania.
The first North American iGaming market that NetEnt decided to enter was New Jersey. This decision came in 2014, but it was in 2015 that NetEnt applied for an online casino license in the state. Not too long after, NetEnt its first transactional waiver, a temporary license, while their license application was still under review. It was only a month ago that NetEnt was granted its permanent Casino Service Industry Enterprise license from the New Jersey Division of Gaming Enforcement (NJDGE).
NetEnt made its first adventure in the US a successful one, so when in October 2017, the Pennsylvania state legislature approved a bill that allowed online casino gambling, NetEnt decided it was the right time to enter a second US market and in September 2018, only 6 months ago (!), the company filed the application to The Pennsylvania Gaming Control Board (PGCB) for a license.
Waiting for their online casino license to be approved and in preparation to the company’s entry into the regulated online casino market in Pennsylvania, NetEnt signed a first customer agreement in October 2018 with Penn Online Entertainment and a second deal with Parx Casino in February 2019.
NetEnt’s entry into Pennsylvania’s iGaming market
Six months after the Swedish game supplier filed its application, the company has been granted its Interactive Gaming Manufacturer Conditional License by the Pennsylvania Gaming Control Board (PGCB).
Although NetEnt has signed customer agreements with several gambling operators in the state and received its casino license, a formal market opening date has not yet been announced by the PGCB. Therefore, the company keeps on preparing to launch its awarded online casino games as soon as the market opens.
“We are very pleased to be in the first round of approved vendors to conduct online gaming in Pennsylvania. This fits well with our strategy to be live with our products at the first day of market opening,” says Erik Nyman, Managing Director NetEnt Americas LLC.