ZenSports Sportsbook Approved for Two-Year Nevada Gaming License
Posted: Aug 23, 2021, 11:55 a.m.
Last update on: Aug 24, 2021, 12:03 p.m.
As the saying goes, the hardest million dollars to win is the first. The saying may not be true for sports betting licenses in the United States, but you wouldn’t blame Mark Thomas and others at ZenSports if they felt that way after they finally got 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.
The approval was subject to certain conditions. These include the company funding a $ 25,000 account with the Nevada Gaming Control Board that the board can rely on to conduct investigations and restrictions on the issuance of cryptocurrency tokens.
At the start of the hearing, NGC President John Moran said he and the other Commissioners watched the discussion that took place two weeks ago at the GCB hearing. He joked about the length of the hearing, around three hours, recalling the hearings for “the Wynn merger and the Krikorian merger” and hoped to avoid a similar discussion.
After about two hours, the committee voted 2-1 to approve the games company co-founded by Mark Thomas, but that conversation touched on many of the complexities of ZenSports – including several items the company plans to pursue in the near future.
ZenSports first appeared about 18 months ago. At that time, the company operated a licensed peer-to-peer sports betting marketplace from Curacao. However, Thomas was raising millions in an attempt to get started in the United States.