DOM 24 DE ENERO DE 2021 - 19:48hs.
“Major milestone”

Playtech enters New Jersey market

Gamin technology giant Playtech has lauded a “major milestone” after securing regulatory approval by the New Jersey Division of Gaming Enforcement (DGE) to provide its casino product to the New Jersey market. ““The US is a highly strategic market for Playtech and we see significant demand for the full breadth of our product offering,” commented the firm’s CEO, Mor Weizer.

Following up on a multitude of agreements entered last month, the company has announced that it has been granted regulatory approval by the New Jersey Division of Gaming Enforcement to provide the product to the region.

Playtech will launch soon in New Jersey under its transactional waiver with bet365 and Hard Rock Atlantic City. The company expects to launch with further operators in New Jersey in the near future and has also started the licensing process in other US jurisdictions.

Mor Weizer, CEO, commented: “This is a major milestone for Playtech. We are delighted to have met the stringent regulatory requirements of the DGE and to be launching in New Jersey with our long-standing strategic partner bet365.”

“The US is a highly strategic market for Playtech and we see significant demand for the full breadth of our product offering. We are initially launching our online casino product in New Jersey and over time will increase our products on offer to include Sports, platform, and Live Casino and we will continue to expand into further states as they regulate. This is the first step for Playtech in the US and we are very excited about the long-term opportunity,” Weizer added.

The region’s igaming entities and poker rooms generated a best ever US$79.96m in revenue, up 118.6% from US$33.6m a year earlier, with poker tripling its figures from February to post a record US$5.15m, also up from US$3.6m a month earlier.

Despite this, the US$43.4m in year-over-year gains in revenue replaces just 20.9% of the US$207.6m in revenue that land-based casinos in Atlantic City generated in April 2019.

Source: GMB