FSB, a leading sports betting and iGaming service provider, has received licensing approval from the Nevada Gaming Control Board (NGCB). The Manufacturers and Information Service Provider license will enable FSB to offer its sports betting and online casino services in the state of Nevada. The NGCB gave its unanimous recommendation for FSB’s license earlier this month.
FSB’s chief executive, Dave McDowell, expressed his excitement about the license approval, stating that it reflects the momentum and success the company is experiencing at the moment. McDowell emphasized FSB’s commitment to being part of Nevada’s long-term sports betting story and its aspiration to disrupt the North American region with its top-tier technology stack.
Ian Freeman, chief revenue officer at FSB, described the license approval as a hugely satisfying moment for the company. It was a central pillar of FSB’s long-term strategic plan for the North American market, and securing the license in Nevada is a significant step towards achieving their goals in the region.
Expansion into US Markets:
FSB’s entry into the US market has been marked by various regulatory approvals in different states. In August, the company received regulatory approval from the South Dakota Commission on Gaming, allowing it to launch its sports wagering services in the midwestern state of South Dakota. This approval was followed by another milestone, as FSB became one of the first suppliers to receive regulatory approval from the Alcohol and Gaming Commission of Ontario (AGCO) in Canada. With this supplier license, FSB can work with approved operators in Ontario and expand its presence in the Canadian market.
Nevada Gaming Revenue Report for July:
In other news related to Nevada, the state’s casinos reported their 17th consecutive month with over $1 billion in gaming revenue in July. According to the Nevada Gaming Control Board, casinos collected $1.31 billion in gaming revenue, marking a slight year-on-year decrease of 3.2%. However, compared to pre-pandemic levels in July 2019, the revenue was up by an impressive 28.4%. Clark County accounted for the majority of the revenue at $1.12 billion, with the Las Vegas Strip contributing $773.3 million. Despite the year-on-year declines in some areas, the overall gaming revenue remains strong, signaling the continued recovery of the gaming industry in Nevada.
The license approval from the Nevada Gaming Control Board represents a significant milestone for FSB as it expands its operations in the US market. With licenses in multiple states and its cutting-edge technology stack, FSB is well-positioned to capitalize on the growing demand for sports betting and iGaming services in the region. The company’s successful entry into Nevada, a key market for the gaming industry, reaffirms its commitment to becoming a major player in the North American iGaming landscape.