The acquistion of bwin.party by GVC, a former competitor, recently completed and in the process, GVC will take over as the network provider for online poker gaming sites in the state of New Jersey. Borgata Poker and PartyPoker NJ operate via the party poker gaming software and share liquidity at the cash gaming tables and tournaments provided by bwin.party. The network is the top provider of online poker gaming in the state of New Jersey.
GVC will basically be acting as a holding company for the network but is required to be licensed within the state so that the subsidiaries can continue to provide online poker gaming within the state. The subsidiaries of the company includes the operation of the partypoker network of the US.
The GVC application process for licensing has begun, with GVC petitioning the Division of Gaming Enforcement of the state on the 28th of January to be allowed to continue to operate the partypoker network under the current license while their application for licensing is being considered. Yesterday, the Director of the DGE, David Rebuck, issued an order to approve the request. A condition was included that stated the New Jersey subsidiaries will operate independently and will have no influence or guidance from GVC while the application for the company is under consideration.
GVC and their divisions in the US are actually restricted from communicating. Any employee of the United States is not to talk to anyone from GVC or an individual who may be representing the company.
For right now, everything at the Borgata Poker and PartyPoker NJ sites will stay the same. Services will not be changed as GVC tries to gain licensing. It was reported, according to PokerFuse, that the Borgata is looking for an alternative online gaming provider in case GVC is denied licensing.
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