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NJ licensing process prompts Party founders to divest shares

31st October 2013 9:33 am GMT

PartyGaming co-founders Ruth Parasol and Russell DeLeon are to sell off their remaining stake in UK-listed bwin.party digital entertainment in order to help the operator secure a New Jersey online gaming licence.

As part of the application process set up by the New Jersey Division of Gaming Enforcement (DGE), certain individual shareholders of bwin.party would either be required to individually apply for a licence in the state or otherwise dispose of their shareholdings.

In a statement [...]

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