GVC license approval by Nevada Gaming Commission

24 May 2019

GVC-holdings-photoWell-known GVC Holdings group has been given the green light to expand their operations in the state of Nevada after the approval of the Nevada Gaming Commission. The license will be valid for 2 years and was given after a unanimous vote. During the hearing, the GVC Holdings CEO Kenny Alexander was put under pressure regarding ineffective player monitoring processes in the region of Turkey.

The company took responsibility for its actions and seemed rather apologetic in the session. Lee Feldman, Chairman of the GVC group reassured the Commission that they're taking all measures necessary to ensure full compliance. Tony Alamo Jr NGC Chairman sounded confident that the company does not need to be more strictly monitored to ensure they're complying.

GVC was also requested to submit a $100,000 payment to fund NGC's investigations that will safeguard that the group rises to certain compliance standards. On the other hand, the group did not object to the duration of the license. Lee Feldman also addressed the partnership between MGM Resorts and GVC with the headquarters of this new endeavour located in Las Vegas housing 14 people.

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