Gambling.com Group Plc, the United States subsidiary of Stokholm-based KAX Media America Inc., has been approved by the New Jersey Division of Gaming Enforcement to expand business deals with operators in the state.
The approval, KAX said, will allow it to expand its existing commercial agreements with online sports betting, online casino and online poker operations in New Jersey to include components of revenue share in addition to fixed and flat fees per referred customer.
“At the present moment there is no online gaming market more interesting than New Jersey. The world has been watching the explosive growth in the market since launching sports betting in 2018 and we have been active in the state for over a year. This approval allows us to increase our exposure to this lucrative market,” Charles Gillespie, CEO of Gambling.com Group Plc, said.
“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.”
KAX said the approval came after it filed a complete application for an Ancillary Casino Service Industry Enterprise License.