Legal & Regulatory News

Oslo-listed Gaming Innovation Group (GIG) has secured a transactional waiver in New Jersey, clearing the way for the launch of its online casino platform in the state.

The waiver by the New Jersey Division of Gaming Enforcement (DGE) confirms that GIG's Core platform is compliant with state rules and regulations, ahead of full approval to secure a Casino Service Industry Enterprise Licence (CSIE).

GIG described the transactional waiver as "a significant step and milestone" in its plans for the regulated US iGaming market.

The waiver also clears the way for its first US partner, Hard Rock International, to launch an online casino offering in New Jersey.

GIG agreed a deal to supply the casino with platform and front-end development services in February. The casino opened in Atlantic City Thursday (June 28th) on the site of the former Trump Taj Mahal, with its online offering set to launch shortly.

"We are delighted to now be going live with Hard Rock in New Jersey, a first step in our mutually ambitious plans to take market share in the regulated online gambling market in the US," Gaming Innovation Group chief executive Robin Reed said.

Shares in Gaming Innovation Group Inc (OSL:GIG) were trading up 2.38 per cent at NOK4.73 per share in Oslo Friday morning.