Elys Game Technology Applies for Transactional Waiver in a Bid to Operate in New Jersey

By  //  February 15, 2022

The New Jersey Division of Gaming Enforcement has received Elys Game Technology’s US Gameboard application for running a sports betting platform, which is awaiting certification before going live.

The Italian-based interactive gambling and sports betting technology business has applied for a Transactional Waiver. This will allow Elys to commence operations in the state of New Jersey once it has been approved.The proposal was submitted by Elys’ subsidiary company, US Bookmaking, in collaboration with the Ocean Casino Resort in Atlantic City.

Presently operating in five US states, Elys specializes in gaming technology within the B2B market. It produces a variety of gaming products and services, including slots, virtual gambling, sports betting and esports. Once this Transactional Waiver is approved, this will be a stepping stone for operators who are looking to provide bettors an unforgettable gaming experience, especially those on the lookout for the latest no deposit casinos in the state of New Jersey.

The game provider recently established a joint effort with Lottomatica, an online gambling company based in Italy. Elys will design, create, and support a customized sportsbook platform for Lottomatica in North America under the terms of the agreement.

Statement from Elys Executive Chairman

Mike Ciavarella, the Chief Executive Chairman of Elys Game Technology, made a press statement announcing their application. He stated that the company was going full steam ahead with preparations for their launch in partnership with Ocean Casino Resort which is located in the main hub of Atlantic City. Ciavarella acknowledged that their application for a transactional waiver to operate in New Jersey is pivotal in realizing this short-term business objective.

He added that the company is keen on entering the New Jerey market since this is basically an extension of their vision of expansion into the conventional casino sector, development of the small business sportsbook market, and advancement of the mobile online gaming market which are all part of a multi-channel profit strategy at Elys Game Technology.

Most recently, Elys who has partnered with Grand Central Restaurant and Sportsbook in Washington D.C. was granted approval by the DC Office of Lottery and Gaming, Regulation and Oversight Division.

The Main Reasons Why Punters Love No Deposit Casinos

In light of the application made by Elys and the expected approval of the same, there is reason for other operators looking to enter the NJ market to be hopeful as well.

This opens up the possibility of various leading online casino operators to bring forth their best games, features and bonuses to a lucrative New Jersey market where the demand is currently more than the supply. No Deposit Casinos have become especially popular across other markets and New Jersey based online casino enthusiasts may soon have access to a slew of legal and regulated no deposit casinos themselves. 

Effectively, a no deposit bonus is a bonus that you earn without having to make a deposit to qualify for. Online casino bonuses have always required the player to make a deposit in order to be activated.

The no deposit bonus, however, does not need any kind of deposit. A no deposit bonus is usually given to a new player who has just created an account with an online casino. The player receives a no deposit bonus for establishing an account with the casino, even if he or she has not yet made a deposit.

Considering that players receive a bonus that they can play and win real money with without the risk of any financial loss whatsoever, it comes as no surprise that online casino enthusiasts are extremely fond of no deposit bonuses and actively seek them out.

Using a no deposit bonus, the new player not only has the ability to play games risk-free and win money, but he or she can also get a firsthand experience of the new casino that they have registered with and can decide whether they like it or not based on their experience playing with the no deposit bonus. Essentially, the player does not have to invest money just to figure out if the casino is the right one for them. 

Of course, there are some terms and conditions that stipulate when and how much a player can withdraw from their no deposit bonus winnings. The key to distinguishing a good no deposit bonus from a highly-inflated one is by being able to comprehend and understand two no deposit bonus terms in particular, namely, wagering requirements and max cashout.

The rule of thumb is simple, the higher the max cashout, the better the value of the bonus and the lower the wagering requirement the better the value of the bonus.

So, if you are looking at two no deposit bonuses on paper and trying to assess which casino you should sign up with, we would recommend directly comparing the wagering requirements and the max cashout limits of the two bonuses to make an informed decision and reap the most value out of the bonus in hand. 

Wagering requirements or playthrough requirements basically state how much money a player should invest and wager at the casino before the player is eligible to withdraw any money won playing with the bonus funds or bonus free spins. On the other hand, the max cashout limit is a hard upper limit on how much of the bonus funds you are allowed to cashout even after having fulfilled the wagering requirements.