NetEnt Applies For License In Pennsylvania
Leading online casino software supplier NetEnt has confirmed that it has applied for a license to offer its products to operators in the American state of Pennsylvania. The state is expected to launch regulated Internet gambling services by the end of 2018, or early 2019.
The state approved the bill in October 2017, which allows online casinos to operate, and opened applications for licenses in June for operators.
A Brand That Keeps Growing
NetEnt submitted its application to provide table games, video slots and jackpot games to Pennsylvania online markets. The company is well known for its free gaming options as well, which is a great selling point for its customers. The company hopes to be able to go live as soon as Pennsylvania launches into the online casino market.
The brand has already enjoyed great success in New Jersey, and is certain this trend will continue in Pennsylvania. The company added that the state is the 2nd largest, and that of the 13 million people who live there, the state has enjoyed a tradition of gambling and those that gamble spend a relatively large amount of money.
The developer has been one of the top online gaming software providers since its inception. The company has over 20 years of experience, and has built up an excellent reputation. Their products have won multiple awards and can be found in over 200 online casinos, both in New Zealand and around the world.
They pride themselves on producing digital gaming solutions that offer clients and their player's high-quality entertainment experience. The games are carefully crafted and fully optimized for anywhere, anytime access.
Pennsylvania’s New Online Market
Of the 13 casinos in the state 11 applied for iGaming licenses. The Pennsylvania Gaming Control Board or PGCB has offered seven licenses to out of state operators, which were still outstanding from the original 36. Applications will be open from the 15th to the 31st of October.
The PGCB would like the coming launch to be a coordinated one, which is exactly what NetEnt wants too. However, this decision will depend on when licenses are issued and when the operators will be ready.
The licensing has not been cheap. NetEnt’s licensing fee will be $1 million, but the land-based venues are the ones who will really feel the pinch, with a licensing fee of $10 million.
Taxation will also result in lower revenue for providers with table games taxed at 16%, and slots at a massive 54%.