The American Gaming Association released the latest white paper in its ongoing efforts to promote regulatory reform, providing an in-depth look at regulatory modernization efforts in five gaming jurisdictions.
Highlights from the new white paper, “Advancing Regulatory Modernization: Building on a Record of Success,” include:
- Ohio and Michigan abandoned their decades-old regulations on the shipment of gaming machines, providing costs savings and streamlined shipping processes;
- Nevada has allowed customers to open unified wagering accounts for financial transactions relating to multiple forms of casino gaming, a critical first step toward meeting consumer expectations for seamless, simple financial tools; and,
- Pennsylvania and Mississippi increased the ownership share that triggers the need for an institutional investor to acquire a gaming license, improving gaming companies’ access to capital without raising the regulatory burden.
“For the gaming industry to thrive in today’s accelerating economic world,” said AGA in the paper’s executive summary, “regulators have to embrace constant review of how regulatory standards and processes can work better to ensure a gaming industry that operates in the public interest while delivering economic success to its communities.”
“Change truly is the new normal in our industry, with each year bringing innovative casino games, delivery systems, customer identification processes and more,” said Sara Slane, senior vice president of public affairs for the American Gaming Association. “As technology continues to disrupt the gaming world, regulatory reinvention must keep pace. Smart regulatory reforms improve our industry’s ability to accommodate changes in the marketplace, provide a seamless experience for consumers and create greater efficiencies for regulators and businesses.”
Driving an efficient regulatory reform process is part of AGA’s strategic goal to create a more favorable business environment for gaming in each state. Across the country, more than 4,000 dedicated public servants are responsible for regulating all forms for gaming. AGA’s regulatory reform initiative is designed to eliminate burdensome regulation that bogs down business and regulators alike.
AGA plans to send a copy of today’s white paper to U.S. gaming regulators.
For more information on the AGA’s Next Generation policy initiative, visit americangaming.org/policies/next-generation-gaming.
