Paddy Power Applies for License in Nevada

October 3, 2011 - by mosesbet · Filed Under sports news Leave a Comment 

Paddy Power, an Ireland based online gambling portal, has sought approval in Nevada to offer its online gambling services to players in the state. If approved, the company could well be the first online gambling portal to offer its services to people in the state.

Headquartered in Dublin, Paddy Power offers online sports betting, casino, poker and other games to many countries barring the USA. Sources say that the company will receive approval in the month of November, but there is a lot of skepticism, since the agenda for the hearing in November hasn’t been set yet.

Approval would give Paddy Power a first mover advantage in the market

Paddy Power filed its application to the Nevada Gaming Control Commission in the month of August 2010 and has participated in the investigative process since then. The company also aims to enter the mobile gaming sector in the market, now that the Commission has approved mobile gaming in resorts and a number of public places. If granted the license, Paddy Power will have a clear advantage over other competitors in the mobile gaming business.

The practice of applying for a manufacturing and distributing license has been prevalent in the past among online gaming companies since it gave them a wider range of options to choose from. In March 2011, Nevada considered 888 Holdings to be a suitable business partner for Caesars Entertainment Corp. But for 888 Holdings to operate in the US, it must apply for a license from the Nevada Gaming Control Board.

Suspense regarding online poker in the US

The fate of online poker in the US still seems uncertain, given the fact that Congress has given no updates regarding the legalization of the game before 2012, when the current session ends. There still is continuous pressure to legalize the game from various organizations like the American Gaming Association, which has openly spoken in favor of legalizing the game.

Recently, the first public input session concerning the legalization of online poker was held by the Gaming Control Board in Nevada. Sources say that the rules will be approved in December by the Nevada Gaming Commission and the Control Board.

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