FSB recommended for licence approval from Nevada Gaming Control Board
The approval for a Manufacturers and Information Service Provider licence would allow FSB to provide sports betting and online casino services to Nevada’s partners.
US.- Sports betting and igaming service provider FSB has been unanimously recommended for licence approval by the Nevada Gaming Control Board (NGCB). The Manufacturers and Information Service Provider licence would allow FSB to provide sports betting and online casino services to Nevada’s partners.
FSB chief executive officer Dave McDowell said: “We aspire to be part of the long-term sports betting and igaming story in Nevada and North America generally and this licensing application clearly communicates our deep ambitions.
“Securing regulatory approval in Nevada is a true trust stamp on the quality of a service provider and as a Tier 1 supplier with a laser focus on key regulated global markets this is a jurisdiction we simply have to be present in.”
FSB chief revenue officer Ian Freeman added: “Commercially, we identified Nevada as a key strategic state for FSB. Our product capabilities and the market opportunity are very well aligned. We are very thankful to the NGCB for their time and attention. It has been a very thorough process undertaken by extremely professional people. This milestone represents a significant step forward towards realising our commercial goals.”
In August, FSB announced that it had secured regulatory approval from the South Dakota Commission on Gaming to launch its services in the midwestern US state. The firm can now offer its sports wagering services to partners in the Deadwood city area.
Dave McDowell, chief executive officer at FSB, said: “This exciting news is another strong step forward for FSB in North America and continues the rapid momentum we’ve enjoyed in the region in 2022.
The South Dakota approval came after FSB became one of the first suppliers to receive regulatory approval from the Alcohol and Gaming Commission of Ontario (AGCO) in Canada. With a supplier licence, FSB is able to work with approved operators in Ontario.
Nevada reports $1.31bn in gaming revenue for July
Nevada casinos saw their 17th month in a row with over $1bn in gaming revenue in July. According to the Nevada Gaming Control Board (NGCB), casinos collected $1.31bn in gaming revenue, down by 3.2 per cent year-on-year but up 28.4 per cent against pre-pandemic July 2019.
Clark Country generated the majority of revenue at $1.12bn, down 3 per cent from the prior-year period, when revenue was $1.16bn. Within Clark County, Las Vegas Strip revenue was down 3 per cent year-on-year to $773.3m. Downtown and North Las Vegas revenue amounted to $60m and $24.5m respectively, year-on-year declines of 16 per cent and 4 per cent respectively.