CashBet Launches in UK, Looks to New Jersey

Cashbet and eGambling specialists has launched a real-money gambling platform in the U.K. after receiving approval from the Alderney Gambling Control Commission. The company also said it is looking for a casino partner to launch online gaming in New Jersey.

Software platform provider Cashbet and eGambling specialist, have launched a real-money online gambling platform in the UK after receiving approval from the Alderney Gambling Control Commission.

The company also announced plans to expand to the U.S. market.

CashBet will introduce “Casino Island Adventure” from social casino gambling company Gamzio Mobile as its first live game on the U.K. platform. The company has also reached a deal with Reflex Gaming to put their fruit machines online for mobile devices.

CashBet also announced that it is eligible for a transactional waiver—a precursor to an online gambling license—in New Jersey and is seeking an Atlantic City casino partner to begin online gambling this year. All New Jersey online gambling sites have to be partnered with Atlantic City casinos.

The firm said it is already negotiating with several resort casinos.

“Every publisher and developer we speak with is interested in entering the online gaming market, but is concerned about the barriers to entry, such as compliance and security, Mike Reaves, CEO and Co-founder of CashBet, said in a press release. “We’re continuing to build the most trusted platform for mobile gambling, and we have a highly experienced team that deeply understands what ‘Real Money Play’ is all about.”