KAX Media America Inc. – the U.S. subsidiary of Gambling.com Group plc – has been granted approval by the New Jersey Division of Gaming Enforcement to expand its business with operations in New Jersey.
The go-ahead allows Gambling.com Group to expand existing commercial agreements with sports betting, online casino and online poker operations to include components of revenue share, on top of fixed fees and flat fees for referred customers.
“At the present moment there is no online gaming market more interesting than New Jersey,” Charles Gillespie, Gambling.com Group chief executive officer said in a prepared statement. “The world has been watching the explosive growth in the market since launching sports betting in 2018.”
According to Gillespie, Gambling.com Group has been active in New Jersey for more than a year.
“This approval allows us to increase our exposure to this lucrative market,” he added. “Our application for an Ancillary CSIE license should be taken as clear statement of intent for our big plans in New Jersey. It also demonstrates our commitment to working with New Jersey to make the state the model for licensing and regulating affiliates, as more states come online with gaming and sports betting in 2019 and 2020.”