London-listed betting and gaming operator GVC Holdings has received regulatory approval to operate in Nevada and New Jersey.

Following a hearing last week, the Nevada Gaming Commission (NGC) has granted Roar Digital, GVC’s joint venture with MGM Resorts, regulatory approval to operate in the state for an initial two-year period.

The NGC approval clears the way for Roar Digital to receive its license to offer online betting and online gaming, currently limited to poker, within Nevada on a B2C and B2B basis.

In addition, Roar Digital has received a transactional waiver from the New Jersey Division of Gaming Enforcement (NJDGE) to operate in the state of New Jersey.

“I am delighted the Nevada Gaming Commission has confirmed that GVC meets its stringent regulatory requirements in order to offer betting and gaming products in the state,” said GVC chief executive Kenneth Alexander.

“Coming at the same time as Roar Digital receives a transactional waiver to operate in New Jersey, GVC and our MGM joint venture are hitting important milestones which pave the way for the creation of a market leading US betting and gaming business.”

Shares in GVC Holdings plc (LSE:GVC) were trading up 1.74 per cent at 597.60 pence per share in London Tuesday morning.