As the saying goes, the hardest million dollars to make is the first. The saying may not hold true for sports betting licenses in the US, but you wouldn’t blame Mark Thomas and others at ZenSports if they felt that way after finally getting that first license approved in Nevada.
After more than five hours of questioning in two meetings, the California-based company was approved by the Nevada Gaming Commission for a two-year license to conduct sports betting and operate a casino in the state.
There were some conditions applied to the approval. Those include the company funding a $25,000 account with the Nevada Gaming Control Board that the board can draw from to conduct investigations and restrictions on issuing cryptocurrency tokens.
As the hearing started, NGC Chair John Moran said he and the other commissioners watched the discussion that took place two weeks ago during the GCB hearing. He quipped the length of the hearing, about three hours, was reminiscent of hearings for “the Wynn merger and the Krikorian mergers” and hoped to avoid a similar discussion.
After about two hours, the commission voted 2-1 to approve the gaming company co-founded by Mark Thomas, but that conversation dealt with several of the complexities of ZenSports – including several items the company plans to pursue in the near future.
ZenSports emerged on the scene about 18 months ago. At that time, the company was operating a peer-to-peer sports betting marketplace licensed out of Curacao. However, Thomas was raising millions in an attempt to launch in the States.
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