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Nevada approves payment processor SecureTrading; extends deadlines

19th April 2013 9:02 am GMT

The US arm of UK online payment processor SecureTrading has been awarded a licence in Nevada to provide payment processing, ID verification and Geolocation services for internet gaming operations.

The Nevada Gaming Commission issued the licence Thursday, at the same time as extending the previously issued interactive gaming approvals of MGM, Golden Nugget, Boyd Gaming and Z4 Poker.

“We're ready to assist licensed gambling operators to quickly implement and expand their operations in Nevada and elsewhere, bringing to the table unmatched experience,” said Kobus Paulsen, CEO of the UC Group, the holding company of SecureTrading Inc. “Together with our partners, we've got the best-of-breed technology in this sector for making licensed operators compliant.”

SecureTrading has a long history in online gaming payment processing, serving clients including PokerStars, bwin.party, the Georgia Lottery and Sportech USA.

“We began developing our tailored payments, ID verification and geolocation solution for the U.S. market a few years back in anticipation of a regulated Internet gambling marketplace,” added SecureTrading chairman Chris Thom. “We're prepared to serve as a seamless, one-stop shop for licensed gambling operators, allowing our partners to focus more exclusively on their core business.”

SecureTrading joins Global Cash Access as a Nevada authorised online payment processor.

Thursday’s meeting of the Nevada Gaming Commission also approved the applications of MGM Resorts Online, Z4 Poker, Golden Nugget and Boyd Interactive to extend the deadline by which to begin interactive gaming operations.

The waiver of NGC regulation 4.080 means those companies now have until the next scheduled meeting of the Nevada Gaming Commission in October 2013 to commence licensed activities.

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