New Jersey Regulators Go on Licensing Approval Spree
New Jersey gaming regulators have been very busy as they gear up for the launch of regulated Garden State igaming later month.
This week they granted preliminary approval to 54 companies that are looking to function as either Ancillary Casino Service Industry Enterprises (CSIE) and Internet Gaming Related Vendor Registrants.
CSIE’s are companies that are anticipated to have direct contact with players and include geolocation specialists like Locaid and Player Verify. Because of their frontline status, these companies are held to a slightly higher licensing standard than the 42 Internet Gaming Related Vendor Registrants.
The list of Internet Gaming Related Vendor Registrants is populated by a lot of payment processing companies like Skrill and PaySafeCard.com. Because players will have, presumably, been age-verified by the time they get to the depositing stage, obtaining permission to work as a vendor is a bit easier than other licensing standards.
New Jersey has set November 26 as the launch date for regulated online casino gambling.
The Garden state is counting on igaming to help boost the floundering fortunes of their Atlantic City casinos and is also hoping to become a national player in the American iGaming market.