Entain and Accel Entertainment Recommended for Full Nevada Licenses
This week, the Nevada Gaming Control Board (NGCB) recommended that both Entain and Accel Entertainment be awarded full licensure. The two companies had previously only been given limited approval due to compliance issues.
Entain and Accel Entertainment receive approval by NGCB.
LISTEN TO THIS ARTICLE:The next step will be for the companies to appear in front of the Nevada Gaming Commission, which is due to happen on May 16. They will be hoping to receive full licenses and put an end to their previous problems with compliance.
In the NGCB hearing this week, attorney Erica Okerberg said that Entain has made “exemplary” compliance efforts while describing the company’s compliance program. She explained how it undergoes continual improvement in order to ensure that it meets regulations in every state. She also praised Entain’s senior management for their honesty and trustworthiness.
Entain Refocuses on Compliance Following Rebranding
Entain was previously known as GVC Holdings and in 2019, it was investigated by Nevada’s gambling regulators due to providing services in a number of unregulated markets. However, since then, Entain has been working to withdraw from unregulated markets, and earlier this year, it announced that it has withdrawn from more than 140 unregulated jurisdictions.
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Entain’s chairman, Barry Gibson, was present at the NGCB meeting, and he explained that today, 98% of the company’s business is in regulated markets. The company was also praised by Board chair Kirk Hendrick for its efforts.
Where the company has come in the last five years has been extraordinary. From an integrity standpoint, before coming to Nevada, the company was bailing a little water. That seems like it’s done and you’re steering the ship on the right course. I encourage you to stay the course. It’s making Nevada and your company and employees better.
Accel Entertainment’s Compliance Efforts
Accel Entertainment was also able to demonstrate that it has been working on compliance. The company was issued a $5 million fine by the Illinois Gaming Control Board due to an agreement with DraftKings. However, two years ago, it appointed former NGCB Chair Dennis Neilander as chair of its compliance committee.
Andrew Rubenstein, Accel Entertainment’s President and CEO, said that they have “doubled down” on compliance and explained how the company has created a whistleblower hotline and introduced a policy of “see something, say something”.
RELATED TOPICS: Regulation
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