AGA Urges States to Adopt New Gambling Regulations

The American Gaming Association, a United States gaming industry association founded back in 1994, is trying to persuade more and more states to adopt new gambling regulations.

It is important for the states to update their regulations regarding gambling and to respect the changes that are currently in the making in this marketplace.

This association, that was founded with the goal of promoting, educating and lobbying on behalf of the gaming entertainment industry through education and advocacy…

…released a new white paper under the name, ‘Advancing Regulatory Modernization: Building on a Record of Success.’

This Washington-based association claims that changes in regulations in various states had a huge impact on the gambling market.

Changes of the Rules

For example, Nevada regulators changed rules regarding iGaming in order to allow licensed operators to establish single- play across all verticals. That way, the bettors won’t be obligated to make multiple s to be able to access different services.

On the other hand, Ohio and Michigan are currently in the process of installing and removing gaming machines by amending existing regulations…

…while Missouri is doing something similar at the moment.

Also, regulators from Pennsylvania and Mississippi have increased the ownership share that triggers the need for investors to acquire a gaming license. By doing so, they have made it easier for investors to get involved with iGaming.

A Word from AGA

“By watching other jurisdictions to identify promising reforms, many are finding new ways to approach their vital mission,” AGA representatives said.

“Only through constant re-examination of these regulatory standards and many others can regulators achieve their goal of ensuring a successful gaming industry that operates in the public interest while incorporating evolving technologies in today’s fast-paced economy,” the representatives added.

Meeting New Consumer Expectations

Now, operators in the state of Nevada can offer gamblers a single to handle sports betting, horse betting, and online poker. AGA reps said that this is most definitely the first, but very important step towards meeting consumer expectations…

…for seamless and simple financial tools.

In the state of Ohio, gambling regulators changed the previous regulations and stated that the gaming machines can be shipped only if they are in an inoperable position.

So, now the casinos in Ohio can ship fully assembled devices and the gaming agent is not necessary anymore when a machine gets unloaded in the casino.

Currently, in Michigan, the situation is similar. The regulator needs licenses to maintain a log of gaming machine deliveries, installations, and removals. This way, they replaced an old system where an agent was obligated to be present when a machine arrives at a gambling venue.

According to the regulators, in Pennsylvania, the institutional investors may own up to 20% of business before applying to separate license. According to the regulators…

…the operators will still be able to generate funds when needed while also ensuring “that investors remain ive in order to qualify as institutional investors.”

Gambling regulators in the state of Mississippi are doing the same and have increased the threshold to 25% before the investor has to apply for a license.

Source:

“AGA urges states to adopt new regulation for changing market”, igamingbusiness.com, March 6, 2019.